Making a Market for Acts of GodMaking a Market for Acts of God

This book fleshes out how this important and quirky financial market works.

Author: Paula Jarzabkowski

Publisher: Oxford University Press, USA

ISBN: 9780199664764


Page: 231

View: 970

Reinsurance is a financial market that trades in the risk of unpredictable and devastating disasters - such as Hurricane Katrina, the Tohoku earthquake and tsunami, and the terrorist attacks on the World Trade Centre. Such disasters are increasing in both frequency and severity, with the cost of their losses mounting rapidly. Reinsurance insures insurance companies, enabling them to pay claims arising from these losses. It is thus a market mechanism that is a critical part of the social and economic safety net, helping to pick up the pieces after disasters. Yet, how is the risk of such disasters calculated and traded in a global market? This book brings to life the reinsurance market through vivid real-life tales that draw from an ethnographic, "fly-on-the-wall" study of the global reinsurance industry over three annual cycles. The authors shadowed underwriters around the world as they traded risks through multiple disasters. For instance, this book takes readers into the desperate hours of pricing Japanese risks during March 2011, while the devastating aftermath of the Tohoku earthquake is unfolding. To show how the market works, the book offers authentic tales gathered from observations of reinsurers in Bermuda, Lloyd's of London, Continental Europe and SE Asia as they evaluate, price and compete for different risks as part of their everyday practice. Understanding how this market for disasters works has never been more critical given the impact of climate change and increased global connectivity, where a flood in one country can trigger losses to supply chains around the world. The authors develop a novel concept of how global markets work, which advances scholarship and challenges current thinking about how financial markets trade in intangible assets such as risk. This book will be useful to readers interested in markets for disasters, insurance, reinsurance and financial markets, and academics interested in the practice of financial markets specifically or the practice of strategy and organizations generally.

Acts of God and ManActs of God and Man

The book guides readers through the methods available for identifying and measuring such risks, financing their consequences, and forecasting their future behaviour (within the limits of science).

Author: Michael R. Powers

Publisher: Columbia University Press

ISBN: 9780231153669


Page: 283

View: 317

Much has been written about the ups and downs of financial markets, from the lure of prosperity to the despair of crises. Yet a more fundamental and pernicious source of uncertainty exists in today's world: the traditional "insurance" risks of earthquakes, storms, terrorist attacks, and other disasters. Insightfully exploring these "acts of God and man," Michael R. Powers guides readers through the current methods available for identifying and measuring such risks, financing their consequences, and forecasting their future behavior within the limits of science. He concludes with an interdisciplinary investigation into the nature of uncertainty, incorporating ideas from physics, philosophy, and game theory to assess science's limitations in predicting the ramifications of risk.

Acts of GodActs of God

... adopt the new FEMA requirement.39 The mobile homes were in hazardous
areas because market forces had dictated ... “I'm making this motion with a great
deal of reluctance, it's like a gun to our heads,” said commission member James

Author: Ted Steinberg

Publisher: Oxford University Press

ISBN: 9780199838998


Page: 336

View: 740

As the waters of the Mississippi River and Lake Pontchartrain began to pour into New Orleans, people began asking the big question--could any of this have been avoided? How much of the damage from Hurricane Katrina was bad luck, and how much was poor city planning? Steinberg's Acts of God is a provocative history of natural disasters in the United States. This revised edition features a new chapter analyzing the failed response to Hurricane Katrina, a disaster Steinberg warned could happen when the book first was published. Focusing on America's worst natural disasters, Steinberg argues that it is wrong to see these tragedies as random outbursts of nature's violence or expressions of divine judgment. He reveals how the decisions of business leaders and government officials have paved the way for the greater losses of life and property, especially among those least able to withstand such blows--America's poor, elderly, and minorities. Seeing nature or God as the primary culprit, Steinberg explains, has helped to hide the fact that some Americans are simply better able to protect themselves from the violence of nature than others. In the face of revelations about how the federal government mishandled the Katrina calamity, this book is a must-read before further wind and water sweep away more lives. Acts of God is a call to action that needs desperately to be heard.

Economics of the LawEconomics of the Law

They conclude that making discharge easier under mutual mistake is not
generally consistent with efficiency. 3. ... (frustration of purpose and impossibility)
represent changes in circumstances that are generally unrelated to market
conditions. For example, they are the result of “acts of God,” like a fire or death of
the promisor.

Author: Thomas J. Miceli

Publisher: Oxford University Press

ISBN: 0195355946


Page: 256

View: 535

Over the past two decades, the field of law and economics has matured to the point where scholars have employed the latest economic methods in an effort to understand the nature of legal rules and to guide legal reform. This book is the first to provide a broad survey of this scholarship as it has been applied to problems in torts, contracts, property, and litigation. It will therefore serve as a convenient reference guide to this exciting field.

Acts of GodActs of God

Fire chief Dougherty declared that there was noway to save anything in the
district south of Market, the city's widest street. ... the city, the acting commander of
the Presidio, San Francisco's army base, was making emergency plans of his

Author: Benjamin A. Watson

Publisher: Random House Incorporated

ISBN: CORNELL:31924067990162


Page: 246

View: 570

Offers anecdotes, tips, aphorisms, records, predictions, and trivia about all types of weather from hurricanes and tornados to floods and drought

Sustainable ActionSustainable Action

The pervasiveness of market logic is closely related to the rational choice model
of decision making. ... find that it is often talked about in the terms that Jews,
Christians and Muslims use to speak of God. The market is not only viewed as a
powerful force, but a personified entity: the market acts, reacts, punishes and

Author: Christian Berg

Publisher: Routledge

ISBN: 9780429578731


Page: 294

View: 848

In this timely exploration of sustainable actions, Christian Berg unpacks the complexity in understanding the barriers we face in moving towards a sustainable future, providing solution perspectives for every level, from individuals to governments and supra-national organizations offering a lucid vision of a long-term and achievable goal for sustainability. While the 2030 Agenda has already set ambitious targets for humanity, it offers little guidance for concrete actions. Although much is already being done, progress seems slow and some actions aiming at sustainability may be counterproductive. Different disciplines, societal actors, governmental departments and NGOs attribute the slow progress to a number of different causes, from the corruption of politicians to the wrong incentive structures. Sustainable Action surveys all the fields involved in sustainability to provide action principles which speak to actors of different kinds, not just those professionally mandated with such changes. It offers a road map to all those who might not constantly think about systems change but who are concerned and want to contribute to a sustainable future in a meaningful way. This book will be of great interest to students and scholars of sustainability issues, as well as those looking for a framework for how to change their systems at work to impact the quadruple bottom line: environment, economy, society, and future generations.

Encyclopaedia of Agriculture by the Most Eminent AuthoritiesEncyclopaedia of Agriculture by the Most Eminent Authorities

to the burette . ... The acidity apparatus has thrown considerable light on the
chemistry of cheese - making ; its use is no longer confined to mere purposes of ...

Author: Charles Edward Green


ISBN: UCAL:B4521863



View: 559

Journals of the House of LordsJournals of the House of Lords

the said Local Board ; and for other pur66 way , and to revive and extend the time
for “ poses : ” “ An Act for making a ... and to 6 Father in God and Our faithful
Councillor 66 amend the Sheffield Market Act , 1847 ; and “ Archibald Campbell ...

Author: Great Britain. Parliament. House of Lords


ISBN: STANFORD:36105128950263



View: 880

Acts and Joint Resolutions Amending the Constitution of the General Assembly of the State of VirginiaActs and Joint Resolutions Amending the Constitution of the General Assembly of the State of Virginia

One - fourth of all fines imposed and col - Part of fines to lected for a violation of
any of the provisions of this act , god go ... for depositing bed beds not to be ung
assigned in res oysters while making up a cargo for market , any natural ervation

Author: Virginia


ISBN: UVA:X004889502



View: 474

Includes separately published extra sessions.

Judicial and Statutory Definitions of Words and PhrasesJudicial and Statutory Definitions of Words and Phrases

ACT OF BANKRUPTCY - ACT OF GOD 69 creditors ' claims listed in schedules
attached Preferences to instrument and ... meth- his failure to obtain dissolution of
- attachod for testing fairness of market price of ment an " act of bankruptcy , "
since such failproposed sale . ... 191 ) , thus making of Washington in taking
possession of assets state officer trustee for United States , and of insolvent bank
for ...



ISBN: UCSD:31822006916365



View: 516

International Markets and Global FirmsInternational Markets and Global Firms

It had substantial rock salt mines in Cheshire ; through electrolysis , salt can be
used to make chlorine which is needed for the ... Acts of God The nature of the
chemical industry means that there is a very special form of unilateral removal of

Author: Alberto Martinelli

Publisher: SAGE Publications Limited

ISBN: UCSD:31822006428684


Page: 294

View: 874

This is a study of how global firms operating in international markets relate to national governments. It is the first international comparative study of the role of business associations, government policies and business strategies in a major global industry, chemicals. Because of its importance in the world economy, the chemical industry proves a profoundly instructive case study for political economy in general and, more specifically, for the analysis of the principal mechanisms of social regulation in the world economy. The study covers two decades that have been characterized by extensive technological innovation, sectoral shifts in international trade and far-reaching social transformation.

Heaven s Natural ReligionHeaven s Natural Religion

The civil government is not ordained of God for evil purposes, nor for the purpose
of making lawful, acts against the natural law of ... Some of us of the older
generation have a vivid recollection of the stock market crash of 1929. I lost. I
suffered ...

Author: Charles Whipple

Publisher: Xlibris Corporation

ISBN: 9781477104156


Page: 163

View: 966

Through Biblical study and observation in Heaven, Mr. Whipple concludes that love and forgiveness are the most essential of all beliefs, yet they are lacking in most of the worlds major religions.

The Oxford Handbook of Organizational ParadoxThe Oxford Handbook of Organizational Paradox

This handbook investigates paradoxes across various organisational phenomena and levels of analysis.

Author: Wendy K. Smith

Publisher: Oxford University Press

ISBN: 9780198754428


Page: 528

View: 958

The notion of paradox dates back to ancient philosophy, yet only recently have scholars started to explore this idea in organizational phenomena. Two decades ago, a handful of provocative theorists urged researchers to take seriously the study of paradox, and thereby deepen our understanding of plurality, tensions, and contradictions in organizational life. Studies of organizational paradox have grown exponentially over the past two decades, canvassing varied phenomena, methods, and levels of analysis. These studies have explored such tensions as today and tomorrow, global integration and local distinctions, collaboration and competition, self and others, mission and markets. Yet even with both the depth and breadth of interest in organizational paradoxes, key issues around definitions and application remain. This handbook seeks to aid, engage, and fuel the expanding interest in organizational paradox. Contributions to this volume depict how paradox studies inform, and are informed, by other theoretical perspectives, while creating a resource that enables scholars to learn about and apply this lens across varied organizational phenomena. The increasing complexity, volatility, and ambiguity in our world continually surfaces paradoxical dynamics. Thus, this handbook offers insights to scholars across organizational theory.

The QuiverThe Quiver

He pardons — man accepts - result is free forgive . ness , Faith is hand stretched
out to receive alms of God ' s mercy . Man ' s sin is laid ... ( Acts v . 41 . ) Hope
making men cheerful and brave because fula of the love of God given by the Holy
Spirit . ( Gal . V . 24 . ) ... If not wanted for food , might possibly be sold in the
market .



ISBN: UOM:39015021100899



View: 927

V. 12 contains: The Archer...Christmas, 1877.

The Quinquennial DigestThe Quinquennial Digest

Under the Land Acquisition Act the market value 6. ... Where the house acquired
fell down after the namely , of the cost of the plot , the cost of making making of
the notifications under Ss . 4 and 6 but roads etc. ... 122 . ment it cannot be held
liable for any damage caused to it , either as a result of any act of God , i.e. , vis 7.

Author: N. Ramaratnam


ISBN: STANFORD:36105134416754



View: 339