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Acts of God and Man
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Acts of God and Man: Ruminations on Risk and Insurance

Michael Powers

Abstract

This book examines traditional insurance risks such as earthquakes, storms, terrorist attacks, and other disasters. It begins with a discussion of how the risk of such “acts of God and men” impact on our lives, health, and possessions. It then proceeds to introduce the statistical techniques necessary for analyzing these uncertainties. It explains that quantifying the risks that such disasters pose is difficult but that it is crucial for achieving the financing objectives of insurance. The book guides readers through the methods available for identifying and measuring such risks, financing the ... More

Keywords: insurance risks, acts of god, risk measurement, risk identification, insurance policyholder, insurance companies, private insurance industry, insurance regulation, disasters, game theory

Bibliographic Information

Print publication date: 2014 Print ISBN-13: 9780231153676
Published to Columbia Scholarship Online: November 2015 DOI:10.7312/columbia/9780231153676.001.0001

Authors

Affiliations are at time of print publication.

Michael Powers, author
Temple University