The document discusses hurricane risk in Texas and the ability of the Texas Windstorm Insurance Association (TWIA) to handle a major hurricane. It finds that TWIA does not have adequate funding to pay claims from a Category 4 hurricane striking Galveston or Corpus Christi. This could cause TWIA to become insolvent, resulting in unrepaired storm damage and the withdrawal of bank financing from the coastal region. This would severely damage the economy of the Texas coast and have broader negative impacts on the entire state economy.
How to Prepare for America’s Next Big Disaster.
One of the major factors that adds to these high levels of damage is that Americans never seem to be prepared for such events. Humans have the unfortunate attitude of believing that these types of events will not happen to them and this results in most Americans not being prepared in any way, shape or form. A little preparation can go a long way in times of disaster; it could even save your life.
As human beings, we need certain essentials in order to survive. These basic necessities include food and water. And these are items that are readily available and easy to store. So why don’t more people have these supplies on hand in case of a big disaster?
POWERPOINT Summary PART I of the 2012 Atlantic hurricane and tropical storm season
* Actual Storms Exceeded The Forecast
* Forecast: 15 Named Storms With 4-8 Becoming Hurricanes
Powerpoint presentation courtesy of Dr Walter Hays, Global Alliance for Disaster Reduction
How to Prepare for America’s Next Big Disaster.
One of the major factors that adds to these high levels of damage is that Americans never seem to be prepared for such events. Humans have the unfortunate attitude of believing that these types of events will not happen to them and this results in most Americans not being prepared in any way, shape or form. A little preparation can go a long way in times of disaster; it could even save your life.
As human beings, we need certain essentials in order to survive. These basic necessities include food and water. And these are items that are readily available and easy to store. So why don’t more people have these supplies on hand in case of a big disaster?
POWERPOINT Summary PART I of the 2012 Atlantic hurricane and tropical storm season
* Actual Storms Exceeded The Forecast
* Forecast: 15 Named Storms With 4-8 Becoming Hurricanes
Powerpoint presentation courtesy of Dr Walter Hays, Global Alliance for Disaster Reduction
Hurricane Threat and Risk Analysis in Rhode Islandriseagrant
Hurricane Threat and Risk Analysis in Rhode Island presented at the July 24, 2014 Beach Special Area Management Plan Stakeholder meeting.
Dr. Isaac Ginis, URI Graduate School of Oceanography
View the video here: http://new.livestream.com/universityofrhodeisland/StormRecoveryRI
Step Into Security Webinar – Best Practices for Bomb Threat Response at SchoolsKeith Harris
LENSEC is offering another FREE professional development webinar. In this series, we present different topics covering physical security for a variety of environments and needs.
In this webinar, Gary L. Sigrist, Jr. of Safeguard Risk Solutions will be our presenter. Gary brings a wealth of knowledge as a security expert with years of experience. Gary works with school faculty and staff all over the US as they assess their potential risk. He helps schools develop their emergency preparedness plans.
Gary joins us for this webinar to discuss best practices schools should use when they are assessing bomb threats.
AGENDA
•Protection of Students, Staff & Property
•Minimizing Disruptions of the School Day
•Working Together with First Responders
•Developing A Response Plan
•Controlling Access to the School Building
•Practicing Prevention
•Treating Threats Appropriately
•Identifying Risks
Please join us for future webinars. Feel free to invite your colleagues to register for this event. You can find more webinars covering physical security and safety topics at our website. http://bit.ly/StepIntoSecurityWebinarArchive
This training presentation has been prepared for Departments in the City of Philadelphia to use for employee training. This presentation can be customized with department/location specific information.
Documentation on PMP Risk Management Plan & Template.
If you like a downloaded version, add me to your network on Linkedin
www.linkedin.com/in/alliegentry
and in the invite, please let me know you would like a word copy of this document.
Allie Gentry
PivotLogix
Top 10 Actions a CIO Can Take to Prepare for a HurricaneBillatDell
Plan for the worst, hope for the best
An active hurricane season imposes an unwelcome set of additional challenges for businesses and executives. Immediate concerns include the safety and security of employees, as well as the prevention of damage to physical facilities. However, CIOs must also be prepared to successfully overcome the challenge of maintaining business continuity in the event of a hurricane. Short and long-term impacts on customers, suppliers, partners, and employees can arise if communications and critical IT systems are lost or down for even a short period of time as the result of a storm.
Business continuity and business viability are closely linked. In the days and months following these recent devastating hurricanes, a handful of businesses fared much better than average. These companies had a combination of the right disaster recovery program in place and had technology solutions to maintain contact with their employees, customers, vendors, and ‘the outside world’. They executed strategies with built-in flexibility to swiftly react to situations and ultimately provided excellent resilience for their organizations. While many companies struggled for months to bring their operations and staff back to capacity, these organizations remained open for business, quickly relocated staff, maintained effective internal & external communications and were able to maintain operations without a devastating financial impact.
To briefly describe the various impacts of a hurricane and to give the social and economic consequences of each. The degree by which any of these can affect the human and physical environment can vary. From little to no damage, to the extremes.
Hurricane Threat and Risk Analysis in Rhode Islandriseagrant
Hurricane Threat and Risk Analysis in Rhode Island presented at the July 24, 2014 Beach Special Area Management Plan Stakeholder meeting.
Dr. Isaac Ginis, URI Graduate School of Oceanography
View the video here: http://new.livestream.com/universityofrhodeisland/StormRecoveryRI
Step Into Security Webinar – Best Practices for Bomb Threat Response at SchoolsKeith Harris
LENSEC is offering another FREE professional development webinar. In this series, we present different topics covering physical security for a variety of environments and needs.
In this webinar, Gary L. Sigrist, Jr. of Safeguard Risk Solutions will be our presenter. Gary brings a wealth of knowledge as a security expert with years of experience. Gary works with school faculty and staff all over the US as they assess their potential risk. He helps schools develop their emergency preparedness plans.
Gary joins us for this webinar to discuss best practices schools should use when they are assessing bomb threats.
AGENDA
•Protection of Students, Staff & Property
•Minimizing Disruptions of the School Day
•Working Together with First Responders
•Developing A Response Plan
•Controlling Access to the School Building
•Practicing Prevention
•Treating Threats Appropriately
•Identifying Risks
Please join us for future webinars. Feel free to invite your colleagues to register for this event. You can find more webinars covering physical security and safety topics at our website. http://bit.ly/StepIntoSecurityWebinarArchive
This training presentation has been prepared for Departments in the City of Philadelphia to use for employee training. This presentation can be customized with department/location specific information.
Documentation on PMP Risk Management Plan & Template.
If you like a downloaded version, add me to your network on Linkedin
www.linkedin.com/in/alliegentry
and in the invite, please let me know you would like a word copy of this document.
Allie Gentry
PivotLogix
Top 10 Actions a CIO Can Take to Prepare for a HurricaneBillatDell
Plan for the worst, hope for the best
An active hurricane season imposes an unwelcome set of additional challenges for businesses and executives. Immediate concerns include the safety and security of employees, as well as the prevention of damage to physical facilities. However, CIOs must also be prepared to successfully overcome the challenge of maintaining business continuity in the event of a hurricane. Short and long-term impacts on customers, suppliers, partners, and employees can arise if communications and critical IT systems are lost or down for even a short period of time as the result of a storm.
Business continuity and business viability are closely linked. In the days and months following these recent devastating hurricanes, a handful of businesses fared much better than average. These companies had a combination of the right disaster recovery program in place and had technology solutions to maintain contact with their employees, customers, vendors, and ‘the outside world’. They executed strategies with built-in flexibility to swiftly react to situations and ultimately provided excellent resilience for their organizations. While many companies struggled for months to bring their operations and staff back to capacity, these organizations remained open for business, quickly relocated staff, maintained effective internal & external communications and were able to maintain operations without a devastating financial impact.
To briefly describe the various impacts of a hurricane and to give the social and economic consequences of each. The degree by which any of these can affect the human and physical environment can vary. From little to no damage, to the extremes.
The Hurricane Katrina Debacle 2005As Secretary Chertoff proceed.docxrtodd33
The Hurricane Katrina Debacle: 2005
As Secretary Chertoff proceeded with his reorganization, scientists like Max Mayfield (the director of the National Hurricane Center) predicted another active hurricane season. As always, the greatest fear was that a major storm would hit the Gulf Coast, particularly low-lying New Orleans.
Under James Lee Witt, a Category 5 hurricane impacting New Orleans was considered one of the three possible worst-case disaster scenarios. In fact, since the 1980s, FEMA funds had been used to contract multiple evacuation studies of the New Orleans area. In 1995, a national exercise of the Federal Response Plan entitled “Response 95” used a New Orleans hurricane scenario. This particular exercise was never completed because on the first day of play, a major flood event impacted the Gulf Coast (including the site of the exercise play, New Orleans) and abruptly ended the exercise.
Another disaster exercise termed “Hurricane Pam” was convened and completed in Jul. 2004 with appropriate follow-up requirements to correct the problems and deficiencies discovered during the previous exercise. Unfortunately, the funding to support these corrective actions, which had been adequately budgeted by FEMA, became part of a funding reallocation requested of FEMA by DHS management to support other DHS priorities.
The “Senate Report on Katrina” best describes what occurred during those fateful hours and days in late Aug. The specific danger Katrina posed to the Gulf Coast became clear on the afternoon of Friday, Aug. 26, when forecasters at the National Hurricane Center and the National Weather Service saw that the storm was turning west. Phone calls were immediately made to Louisiana emergency management officials, and in their 5 pm EDT Katrina forecast and accompanying briefings, the meteorologists alerted both Louisiana and Mississippi that the track of the storm was expected to shift significantly to the west of its original track to the Florida panhandle. The National Hurricane Center warned that Katrina could be a Category 4 or even 5 by landfall. By the next morning, Weather Service officials confirmed that New Orleans was squarely at risk.
Over the weekend, the drumbeat of warnings continued. FEMA held video teleconferences on both days, discussing the potential dangers of Katrina and especially the risks to New Orleans. Max Mayfield of the Hurricane Center called the governors of the affected states, something he had only done once before in his 33-year career, and President Bush took the unusual step of declaring a disaster in advance of an emergency event for the states in the projected impact zone.
Hurricane Katrina made landfall in Buras, Louisiana, on Monday, Aug. 25, 2005. At the time it was reported as a Category 4 storm when it made landfall. The National Hurricane Center would later downgrade it to a Category 3 storm. In any event, it was considered an extremely dangerous storm by weather forecasters and the National Hurr.
In this slide deck, ICLR talks about the increasing challenges faced by various stakeholders -- most particularly insurers - in managing risks associated with severe weather and seismic events.Discussed is how severe weather losses are rising across Canada and around the world and what can be expected through the next decade in terms of disaster loss claims and prevention. The deck end with a discussion on ICLR's work and its efforts to help insurers and others mitigate the impact of severe weather and earthquake events.
what information do you need Problem 0302 Refer to the Ne.pdfspshotham
what information do you need?
Problem 03-02 Refer to the News Wire and graph below. NEWS WIRE: SUPPLY SHIFT Rents
Rising in Hurricane's Wake Lake Charles Hurricane Laura wiped out a massive chunk of housing
in southwest Louisiana. According to the governor's office, 10,000 homes were demolished and
another 130,000 damaged by Laura's punishing 150mile-an-hour winds. With thousands of
families seeking new shelter and a depleted stock of intact units, rents rose quickly. In the Lake
Charles area, rents on spared properties jumped 10 -20 percent in the wake of the disaster.
Source: Media reports of August 2531,2020. Market for Apartmentsinstructions: triter your
resporises ds a wrivie nurnver. a. what is the initial (pre-hurricane) equilibrium rent per month? $
per month b. what is the pre-hurricane equilibrium quantity? thousand units per month c. how large
is the pre-hurricane shortage? thousand units per month d. what is the post-hurricane equilibrium
rent? $ per monthc. how large is the pre-hurricane shortage? thousand units per month d. what is
the post-hurricane equilibrium rent? $ per month e. what is the post-hurricane equilibrium
quantity? thousand units per month f. how large is the post-hurricane shortage at the pre-hurricane
equilibrium rent? thousand units per month.
role of women and girls in various terror groupssadiakorobi2
Women have three distinct types of involvement: direct involvement in terrorist acts; enabling of others to commit such acts; and facilitating the disengagement of others from violent or extremist groups.
Future Of Fintech In India | Evolution Of Fintech In IndiaTheUnitedIndian
Navigating the Future of Fintech in India: Insights into how AI, blockchain, and digital payments are driving unprecedented growth in India's fintech industry, redefining financial services and accessibility.
In a May 9, 2024 paper, Juri Opitz from the University of Zurich, along with Shira Wein and Nathan Schneider form Georgetown University, discussed the importance of linguistic expertise in natural language processing (NLP) in an era dominated by large language models (LLMs).
The authors explained that while machine translation (MT) previously relied heavily on linguists, the landscape has shifted. “Linguistics is no longer front and center in the way we build NLP systems,” they said. With the emergence of LLMs, which can generate fluent text without the need for specialized modules to handle grammar or semantic coherence, the need for linguistic expertise in NLP is being questioned.
31052024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
ys jagan mohan reddy political career, Biography.pdfVoterMood
Yeduguri Sandinti Jagan Mohan Reddy, often referred to as Y.S. Jagan Mohan Reddy, is an Indian politician who currently serves as the Chief Minister of the state of Andhra Pradesh. He was born on December 21, 1972, in Pulivendula, Andhra Pradesh, to Yeduguri Sandinti Rajasekhara Reddy (popularly known as YSR), a former Chief Minister of Andhra Pradesh, and Y.S. Vijayamma.
Welcome to the new Mizzima Weekly !
Mizzima Media Group is pleased to announce the relaunch of Mizzima Weekly. Mizzima is dedicated to helping our readers and viewers keep up to date on the latest developments in Myanmar and related to Myanmar by offering analysis and insight into the subjects that matter. Our websites and our social media channels provide readers and viewers with up-to-the-minute and up-to-date news, which we don’t necessarily need to replicate in our Mizzima Weekly magazine. But where we see a gap is in providing more analysis, insight and in-depth coverage of Myanmar, that is of particular interest to a range of readers.
01062024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
‘वोटर्स विल मस्ट प्रीवेल’ (मतदाताओं को जीतना होगा) अभियान द्वारा जारी हेल्पलाइन नंबर, 4 जून को सुबह 7 बजे से दोपहर 12 बजे तक मतगणना प्रक्रिया में कहीं भी किसी भी तरह के उल्लंघन की रिपोर्ट करने के लिए खुला रहेगा।
27052024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
03062024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
हम आग्रह करते हैं कि जो भी सत्ता में आए, वह संविधान का पालन करे, उसकी रक्षा करे और उसे बनाए रखे।" प्रस्ताव में कुल तीन प्रमुख हस्तक्षेप और उनके तंत्र भी प्रस्तुत किए गए। पहला हस्तक्षेप स्वतंत्र मीडिया को प्रोत्साहित करके, वास्तविकता पर आधारित काउंटर नैरेटिव का निर्माण करके और सत्तारूढ़ सरकार द्वारा नियोजित मनोवैज्ञानिक हेरफेर की रणनीति का मुकाबला करके लोगों द्वारा निर्धारित कथा को बनाए रखना और उस पर कार्यकरना था।
2. Texas Hurricane Risk: Summary
Hurricanes – Naturally Texas
Our climate history confirms it.
Probable Maximum Loss
A “real bad day” in Insurance jargon – what is Texas’s PML?
Texas Windstorm Insurance Association
An insecure insurance facility because it can’t handle a major
hurricane strike (Galveston or Corpus Christi).
3. Texas Hurricane Risk: Summary
Climate History : When not if
Past 160 years: Major Hurricane Strikes*
Galveston 8 (including Ike)
Corpus Christi 5
Brownsville 8
*Source: NOAA
Hurricane Ike 2008 -- a very powerful Category 2 hurricane with actual
damage in the range of a major hurricane
4. Texas Hurricane Risk: 2012
Hurricane Forecast 2012: Uncertain
El Nino? La Nina?
(Continued La Nina: 45% probability = more hurricanes)
Atlantic Warm Surface Water?
(“THC” – Atlantic thermohaline circulation / continued warmer = more hurricanes)
Texas Landfalls?
5. Texas Hurricane Risk: Where?
Return Period for a Major Hurricane strike:
Galveston = 20 years (if you count Hurricane Ike 2008)
Corpus Christi = 33 years (Celia 1970)
Beaumont = 35 years (Rita 2005)
Brownsville = 30 years (Allen 1980)
6. Texas Hurricane Risk: Cost?
Texas Hurricane Strikes
1900 – 2011
NOAA: US Top 30, Total Cost
Ranked by: 2010 Projected Cost In Billions
3. Galveston1900-D $104
4. Galveston 1915 $ 71
9. Ike (Cat 2+) 2008 $ 29
22. Carla 1961 $ 15
(ninth most intense hurricane to
ever strike the U.S.)
27. Rita 2005 $ 13
29. Celia 1970 $ 12
--- Indianola 1886 (Cat. 4) ?
(fifth most intense hurricane to
ever strike the U.S.)
7. Texas Hurricane Risk: TWIA
What is TWIA’s exposure to the next Major Hurricane?
Target In-Force Cat. 3 Cat. 4 Cat. 4
City Exposures 75% 75% Maximum
(P.M.L. )
Brownsville $5 billion $300 mil. $900 mil. $3.4 billion
Corpus Christi $15 billion $1.3 bil. $5.3 billion $14.7 billion
Galveston $38 billion $1.9 bil. $6.4 billion $14.5 billion
Model results per Texas Windstorm Insurance Association, December 2010.
Losses are modeled for target city and adjacent first tier counties
75% = 75 percentile modeled loss outcome. Modeled by the AIR CLASIC/2 v12.0 using historical
event rates, including loss amplification and excluding storm surge as of 12/31/2010.
Total in-force exposures is as of 12/31/2010
P.M.L = Probable Maximum Loss
8. Texas Hurricane Risk: TWIA
Does TWIA’s have the finances for the next Major Hurricane?
Target P.M.L. --- TWIA = Claim Payments
City Cat. 4 Funding Shortfall *
Brownsville $900 million $2.875 billion none
Corpus Christi $5.3 billion $2.875 billion $2.4 billion
Galveston $6.4 billion $2.875 billion $3.5 billion
P.M.L. = Probably Maximum Loss (75th percentile modeled loss exposure)
Losses are modeled for target city and adjacent first tier counties
TWIA funding: see next slide
* Re-insurance may be purchased to offset some of the shortfall for the 2012 hurricane season
($636 million after $1.6 billion losses was purchased for the 2011 hurricane season)
9. Texas Hurricane Risk: TWIA
What is TWIA’s Funding Structure?
1. Available CRTF Reserves = $275 Real Money - $375 Million
2. Expected Revenues = $100 million
3. Bonds to be paid by TWIA = $1 billion Debt to TWIA
4. Re-insurance for 2012 = ? ($636 million purchased (reduces available revenues next 14 years)
for 2011 hurricane season after $1.6 billion
deductible)
Spends “real money” but can
5. Bonds to be paid by 70% property insurance
surcharge / 30% property Insurer assessments be good trade-off. (2011 cost
= $1 billion $100 million)
6. Bonds to be paid by property insurer assessments
= $500 million
Debt service cost passed on
Total = $2.875 billion (no re-insurance) to either directly or indirectly to
$3.375 billion? (with re-insurance) Texas property insurance
policy holders.
10. Texas Hurricane Risk: TWIA
Strike One, TWIA’s Out!
Our climate history is not one storm and done.
Does TWIA have the financial structure to take a major hurricane strike and
then be ready for future storm strikes in a short time period?
Texas Hurricane Strikes by Decade:
1960’s – Carla 1961 (cat. 4, central ), Cindy 1963 (cat. 1, north), Beulah 1967 (cat. 5, NW Mexico, cat. 3
winds @ Brownsville)
1970’s – Celia 1970 (cat. 3, central), Edith 1971 (cat. 2, north), Fern 1971 (cat 1, Central)
1980’s – Allen 1980 (cat. 3, south), Alicia 1983 (cat. 3, north), Berry 1983 (cat. 1, south), Bonnie 1986 (cat.
1, north), Chantal 1989 (cat. 1, north), Jerry 1989 (cat. 1, north)
1990’s – Bret 1999 (cat. 3, south)
2000’s – Claudette 2003 (cat. 1, central), Rita 2005 (cat. 3, north), Humberto 2007 (cat. 1, north), Dolly 2008
(cat. 1, south), Ike 2008 (cat. 2+, north)
11. Texas Hurricane Risk: Storm of the 21st Century
Hurricane Rita 2005
Rita turned north and veered away from our “Texas Sweet Spot” (30 miles south of Galveston) just hours before landfall. A strike
just south of Galveston puts the most powerful NE quadrant of a hurricane on Galveston & Harris Counties.
Hurricane Rita Storm History:
September 7, 2005 – Disturbance originated from a tropical wave off African coast
September 18, 2005 – Tropical Depression forms near Grand Turk Island
September 18, 2005 – Becomes Tropical Storm Rita late in the day southeast of the
Bahamas
September 20, 2005 – Moving west near Key West, Florida becomes a category 1
hurricane then category 2 four short hours later.
September 21, 2005 – Moving west / northwest in the southeastern Gulf of
Mexico, Rita strengthens very quickly to category 5
September 22-23, 2005 – Directly on track for
Galveston as category 4 hurricane
September 24, 2005 – Unexpectedly shifted northward with landfall as a large
category 3 hurricane near Sabine Pass
12. Texas Hurricane Risk: Dominoes
A Real Bad Day for TWIA – a major hurricane strike on either Galveston or Corpus
Christi causes claims well beyond the current funding level
Ugly Outcome for Property Owners at strike location – many TWIA
claims for wind damage are not paid / damaged buildings not repaired
Default for Mortgage Banks – damaged houses and businesses are abandoned to bank
foreclosure / banks lose hundreds of millions on damaged collateral
Disaster for the entire TWIA service area (whole Texas coast) –
banks withdraw from offering loans for houses and businesses insured by TWIA
Consequential Damage to the Entire Texas Economy –
A main driver of the Texas economy, our coastal region stalls due to lack of bank mortgage loans.
Recovery of the storm impact area is substantially delayed. The entire Texas economy is highly dependent
on the seaports, petro-chemical, transportation and other industries based in the TWIA service area.
13. Texas Hurricane Risk: How to Pay?
Five Ways to Pay for Hurricanes:
(Note: It is how we pay --- not, if we pay)
1. Pay in Advance – Insurance Surplus, Re-insurance
2. Pay When it Happens – Emergency Assessments
3. Pay After it Happens – Post-Event Bonds
4. Pay Over Time – Pre-Event Bonds
5. Economic Damage – Direct and In-direct Costs to overall Economy (claims not paid)
14. Texas Hurricane Risk: Texas is Not Safe!
Our coastal residents and the Texas economy is not safe without
adequate funding of our coastal hurricane risk.
The Texas Windstorm Insurance Association is not a secure insurance facility until it can at least handle the
probable maximum loss of a Category 4 hurricane strike on either Galveston or Corpus Christi. An
insolvent TWIA will severely damage the economy of the region it serves as bank mortgage financing
will become unavailable and storm damage will not be repaired. Major consequential damage to the entire
Texas economy will result due to a stalled economy in the important coastal region.