Related papers: A Natural Disasters Index
Reliable estimates of indirect economic losses arising from natural disasters are currently out of scientific reach. To address this problem, we propose a novel approach that combines a probabilistic physical damage catastrophe model with a…
Drawing on the attention based view, this study explores the joint effects of natural disaster intensity at the country level with personal attributes in terms of gender, human capital, and fear of failure on the likelihood to enter social…
Natural disasters, including earthquakes, wildfires and cyclones, bear a huge risk on human lives as well as infrastructure assets. An effective response to disaster depends on the ability to rapidly and efficiently assess the intensity of…
Our society is on the verge of a revolution powered by Artificial Intelligence (AI) technologies. With increasing advancements in AI, there is a growing expansion in data centers (DCs) serving as critical infrastructure for this new wave of…
We estimate the loss of value that companies might suffer from nature overexploitation. We find that global equities shed 26.8% in a scenario of unabated nature decline, while the worst-performing firms lose ~75% of their value. Our risk…
Weather parametric insurance relies on weather indices rather than actual loss assessments, enhancing claims efficiency, reducing moral hazard, and improving fairness. In the context of increasing climate change risks, despite growing…
We consider an optimal control problem of a property insurance company with proportional reinsurance strategy. The insurance business brings in catastrophe risk, such as earthquake and flood. The catastrophe risk could be partly reduced by…
Damage cost curves -- relating the typical damage of a natural hazard to its physical magnitude -- represent an indispensable ingredient necessary for climate change impact assessments. Combining such curves with the occurrence probability…
The economic consequences of drought episodes are increasingly important, although they are often difficult to apprehend in part because of the complexity of the underlying mechanisms. In this article, we will study one of the consequences…
Extreme events, such as rogue waves, earthquakes and stock market crashes, occur spontaneously in many dynamical systems. Because of their usually adverse consequences, quantification, prediction and mitigation of extreme events are highly…
Climate change has increased the intensity, frequency, and duration of extreme weather events and natural disasters across the world. While the increased data on natural disasters improves the scope of machine learning (ML) in this field,…
Natural hazards are becoming increasingly expensive as climate change and development are exposing communities to greater risks. Preparation and recovery are critical for climate change resilience, and social media are being used more and…
Natural hazard risk management is a demanding interdisciplinary task. It requires domain knowledge, integration of robust computational methods, and effective use of complex datasets. However, existing solutions tend to focus on specific…
The influence of climate variability and global warming on the occurrence of tropical cyclones (TC) is a controversial issue. Existing historical databases on the subject are not fully reliable, but a more fundamental hindrance is the lack…
Flooding results in 8 billion dollars of damage annually in the US and causes the most deaths of any weather related event. Due to climate change scientists expect more heavy precipitation events in the future. However, no current datasets…
Due to climate change, the extreme wildfire has become one of the most dangerous natural hazards to human civilization. Even though, some wildfires may be initially caused by human activity, but the spread of wildfires is mainly determined…
Climate adaptation could yield significant benefits. However, the uncertainty of which future climate scenarios will occur decreases the feasibility of proactively adapting. Climate adaptation projects could be underwritten by benefits paid…
Climate change is increasing the frequency and severity of natural disasters worldwide. Media coverage of these events may be vital to generate empathy and mobilize global populations to address the common threat posed by climate change.…
The increasing frequency and severity of wildfires necessitates advanced methods for effective surveillance and management, as traditional ground-based techniques often struggle to adapt to rapidly changing fire behavior and environmental…
Climate change is expected to significantly affect the physical, financial, and economic environments over the long term, posing risks to the financial health of general insurers. While general insurers typically use Dynamic Financial…