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Scenarios in which a global catastrophic risk creates harm have been widely discussed. Some sources of catastrophic risk are anthropogenic (caused by humans), such as global warming, [1] environmental degradation, and nuclear war. [2] Others are non-anthropogenic or natural, such as meteor impacts or supervolcanoes.
Risk is the lack of certainty about the outcome of making a particular choice. Statistically, the level of downside risk can be calculated as the product of the probability that harm occurs (e.g., that an accident happens) multiplied by the severity of that harm (i.e., the average amount of harm or more conservatively the maximum credible amount of harm).
A natural disaster is a sudden event that causes widespread destruction, major collateral damage, or loss of life, brought about by forces other than the acts of human beings. A natural disaster might be caused by earthquakes, flooding, volcanic eruption, landslide, hurricanes, etc.
Catastrophic crop insurance (CAT) is a component of the U.S. federal crop insurance program, originally authorized by the Federal Crop Insurance Reform Act of 1994 (P.L. 103- 354). [1] CAT coverage compensates farmers for crop yield losses exceeding 50% of their average historical yield at a payment rate of 55% of the projected season average ...
The violent nature of the implosion, and at such extreme depths, makes any attempt at recovering the vessel and its passengers even more problematic.
Damage and death figures are for the U.S. only. Storm caused an additional 67 deaths and ~US$7 billion in damage across the Caribbean. 54 2018 Hurricane Florence: Tropical cyclone Virginia, North Carolina, South Carolina: $24,230,000,000 Category 4 hurricane that caused major damage and 54 recorded fatalities in the US; 24 direct and 30 ...
Catastrophic coverage begins after a person meets their maximum out-of-pocket expenses of $6,550 (in 2021) and starts to pay less for prescription drugs. Medicare Part D catastrophic coverage ...
While the Social Security Administration continues to deal with blowback from its overpayment scandal, some worry that the problem will get even worse in the coming weeks and months. At issue is ...