Natural disasters as the end of the insurance industry? Scalar competitive strategies, Alternative Risk Transfers, and the economic crisis

The aftermath of Hurricane Katrina has piqued interest in the insurance industry, and this scrutiny has led to assumptions that the industry has become unstable and unprofitable with the increased incidence of disasters in highly-insured regions of the world. This paper challenges that assumption by arguing that the insurance industry has responded by spreading risk through scaled and networked recovery schemes. We found that because of competitive strategies of risk-spreading and displacement arrangements, the industry has actually profited as a whole. Regional insurance companies have always relied on the higher financial scales of the reinsurance industry in Munich, Zurich, and London. But with claims reaching into the billions of dollars, the reinsurance industry itself has raised premiums, spread risk farther afield, and jumped scale by spreading risk to futures markets called Alternative Risk Transfers (ARTs). However, the recession beginning in 2008 has called into question the viability of using futures markets as insurance. It is shown through a media analysis of four major business publications (The Economist, The New York Times, The Financial Times and The Wall Street Journal) how the industry responded to the costs of the 2004, 2005, and 2006 hurricane seasons. Because geography is rather new to this literature, this paper also offers a broad review of the insurance industry.     

Risk, rescue and emergency services: The changing spatialities of Mountain Rescue Teams in England and Wales

This paper considers the role of the emergency services in society and, in particular, their role in controlling, mitigating and resolving risk. Using a network approach, Mountain Rescue Teams are studied in order to examine how people, agencies, animals, technology and knowledge are deployed to resolve emergencies. The paper traces the changing nature of risk in rural places and the impact of state regulation on the deployment, spatialities and practices of the emergency services. In doing so, it argues that greater attention should be paid to the emergency services by geographers.     

金选矿厂含氰废水中氰化物降解及其环境风险评价

对陕西凤县四方金矿选矿过程中氰化物的迁移转化和降解进行了研究,结果表明,其尾矿库外排含氰废水氰化物浓度达到国家规定的排放标准。在此基础上对氰化物环境风险进行评价,为同类项目尾矿浆和尾矿水环境风险评价提供可信的基础数据。     

Risk mitigation and the social cost of carbon

The social cost of carbon – i.e., the marginal present-value cost imposed by greenhouse gas emissions – is determined by a complex interaction between factual assumptions, modeling methods, and value judgments. Among the most crucial factors is society's willingness to tolerate potentially catastrophic environmental risks. To explore this issue, the present analysis employs a stochastic climate–economy model that accounts for uncertainties in baseline economic growth, baseline emissions, greenhouse gas mitigation costs, carbon cycling, climate sensitivity, and climate change damages. In this model, preferences are specified to reflect the high degree of risk aversion revealed by private investment decisions, signaled by the large observed gap between the average rates of return paid by safe and risky financial instruments. In contrast, most climate–economy models assume much lower risk aversion. Given high risk aversion, the analysis finds that investment in climate stabilization yields especially large net benefits by forestalling low-probability threats to long-run human well-being. Accordingly, the social cost of carbon attains the markedly high value of $25,700 per metric ton of carbon dioxide in a baseline scenario in which emissions are unregulated. This value falls to just $4 per ton as the stringency of control measures is successively increased. These results cast doubt on the idea that the social cost of carbon takes on a uniquely defined, objective value that is independent of policy decisions. This does not, however, rule out the use of carbon prices to achieve the benefits of climate stabilization using least-cost mitigation measures.     

Differentiating capacities as a means to sustainable climate change adaptation

There are two forms of capacity to adapt to global change: those associated with fundamental human development goals (generic capacity), and those necessary for managing and reducing specific climatic threats (specific). We argue that these two domains of capacity must be addressed explicitly, simultaneously and iteratively if climate change adaptation and sustainable development goals are to be attained. We propose a simple heuristic to understand the four main ways these two capacities interact, leading to more or less desirable outcomes. Drawing from three case studies of agricultural adaptation to climatic risk (Phoenix, AZ; Northeast Brazil; Chiapas, Mexico) we argue that the institutional context of adaptation can implicitly or explicitly undermine one form of capacity with repercussions for the development of the other. A better and more strategic balance of generic and specific capacities is needed if the promised synergies between sustainable development and adaptation are to be achieved.     

云南大关寿山水电站地质灾害危险性评估

在工程建设中,地质灾害的发生往往与工程周边复杂的地质环境条件密切相关,山地区域由于地质地形条件复杂,使得工程地质灾害发生的可能性和危险性大大增加.以云南大关寿山水电站为例,介绍了地质灾害评估工作的基本过程和特点,对一般水电站的地质灾害危险性评估工作具有一定的参考价值.     

论气候变暖背景下干旱和干旱灾害风险特征与管理策略简

The drought is a most severe natural disaster worldwide, which leads to great risk in human being. The drought disaster and risk have more prominent because of obvious climatic warming in the last hundred years. At present, the understanding of the internal laws of the occurrence of drought and drought risk is not comprehensive, and the recognition of the characteristics of the drought and drought risk under climatic warming is obscure. In this paper, we summarized systematically the domestic and overseas research progress of the drought and drought disaster risk, introduced the principle of the drought disaster transfer process and the essential features of drought disaster, analyzed synthetically the main characteristics and interactions among the key factors of the drought disaster risk, discussed the effect of climatic warming on drought and drought disaster risk, and probed into the basic requirement of drought disaster risk management. Above all, we provide the main protective measurements of the drought disaster and the main strategy of drought disaster risk management.     

Using simulated data to investigate the spatial patterns of obesity prevalence at the census tract level in metropolitan Detroit

Obesity is a serious public health problem in the United States. It is important to estimate obesity prevalence at the local level to target programmatic and policy interventions. It is challenging, however, to obtain local estimates of obesity prevalence because national health surveys such as the Centers for Disease Control and Prevention (CDC) Behavioral Risk Factor Surveillance System (BRFSS) are not designed to produce direct estimates at the local levels (e.g. census tracts) due to small population samples and the need to preserve individual confidentiality. In this study we address the problem of estimating local obesity prevalence rates by implementing a spatial microsimulation modeling technique to proportionally replicate the demographic characteristics of BRFSS respondents to census tract populations in metropolitan Detroit. Obesity prevalence rates are examined for high and low spatial clusters and studied in relation to the U.S. Department of Agriculture's (USDA) measures of low-income neighborhoods and local food deserts and CDC's measure of healthy and less healthy food environments currently used to target obesity reduction initiatives. This study found that obesity prevalence was largely clustered in the City of Detroit extending north into contiguous suburbs. The spatial patterns of highest obesity prevalence tracts were most similarly aligned with USDA-defined low-income tracts and CDC's less healthy food tracts. The locations of USDA's food desert tracts rarely overlapped with the highest obesity prevalence tracts. This study demonstrated a new methodology by which to assess local areas in need of future obesity interventions.     

Social capital and community preparation for urban flooding in China

Social capital can enhance community resilience to environmental change. Productive and trusted relations among social actors and effectual social norms can help local residents share resources, information and risks. The main objective of our study is to understand the ways in which social attributes and risk considerations influence adoption of resilient economic measures by individuals for reducing potential losses due to catastrophic rainstorm and flooding. This article provides evidence from China on how social capital contributes to anticipatory adaptation to environmental change. The inquiry is based on structured interviews with local residents of Tianjin, a flood-prone port city in China, and a standard regression analysis. Findings show that the intention to make preparation increases with the levels of social expectation, social relationship, and institutional trust. Perceived risk and damage experience, however, have no significant impacts. This suggests that building social capacity and trust will be more effective in enhancing community resilience than merely increasing awareness of hazard risks. We call for greater efforts on strengthening the capacity of formal and informal communal institutions. The structural changes required, however, are challenging.     

Data,interface, security: Assembling technologies that govern the future

Over the last decade, fire governance practices in the British Fire and Rescue Service (FRS) have undergone fundamental transformation. Rather than just being responded to as and when they occur, the FRS have adopted a range of anticipatory governing strategies to govern fires in anticipation of their occurence. This turn towards anticipatory governance has been facilitated in no small part by the digital infrastructure now embedded in the FRS. Composed of data, hardware, software, fibre-optic cables along with human analysts and organisational processes, this infrastructure operates to make risk projections on fire which shape and condition strategic decision making. This paper explores the operation of this digital infrastructure through the notion of interface. Drawing on empirical material relating to processes of data sourcing and risk calculation, interfaces account for the sites, moments and experiences in which human and non-human agents relate to one another in making fire risk projections. Showing relations to exist spatially, temporally and sensually, I argue that interfaces are crucial to the operation of an anticipatory security apparatus which relies on digital devices.