Created by Genevieve Gagnon
over 5 years ago
|
||
Question | Answer |
The financial management of flood risk is increasingly problematic due to the combination of several trends: | 1. the growth in population 2. the concentration of urban and industrial 3. the onset of more violent weather patterns, 4. the increase in the vulnerability of the infrastructure 5. under-investment in risk mitigation measures. |
5 main underlying hazards that can generate overland floods: | 1. Spring snow-melt runoff (Riviere Richelieu) 2. Storm rainfall (Toronto) 3. Tidal flooding (Thailande) 4. Natural dam failure 5. Structural failure (Saguenay) |
3 main types of floods based on location | 1.Fluvial flooding (Riviere Richelieu) 2. Urban (i.e., pluvial) flooding (Toronto) 3. Coastal flooding (i.e., storm surge) (tsunami) |
Flood Coverage | Personal property: No (Sewer back up) Automobile: Yes Commercial Property: Yes |
Reasons Insurers often end up paying for a significant portion of associated losses. | 1. often two different perils: 2. to avoid reputation damage and potential political pressures. |
Why is flood not insurable? | 1. predictable 2. correlated 3. large number affected |
Want to create your own Flashcards for free with GoConqr? Learn more.