2-1. Explain how risk management can address natural risk sources? 2-2. Describe

Question

2-1. Explain how risk management can address natural risk sources?

2-2. Describe the types of windstorms that can cause significant damage?

2-3. Describe the two measures of earthquakes?

2-4. Identify the seven common types of floods?

2-5. Describe the types of water sources that may cause water damage to structures?

2-6. Identify the types of damage that typically result from rioting?

2-7. Describe the types of losses that can result from acts of terrorism?

2-8. Major Retailer has locations throughout Florida and is subject to many sources of property risk.

A. Identify three natural risk sources to which Major Retailer may be susceptible

B. Identify the economic risk sources to which Major Retailer may be susceptible.

Explanation / Answer

2-1- Through effective risk management process and adopting risk management stratgey natural risk can be minimized and if any natural disaster happened, the loss of life and property will be minimum. Risk mangement can provide detail sources of natural risk like earthquake, tsunami, flood, cyclone, fire, volcanic eruption, deluge etc. Risk management also provide the standard operation procedure to deal with these risk sources and how to mitigate.

2-2- Typically windstorm is caused by high winds or violent gust but it has little or no rain. Windspeed in windstorm normally exceeds 55 KMPH. Different types of windstorm are blizzards when windstorm passed over snow covered ground, cold fronts an intense low pressure system over horse lattitude, dust storms and sandstorms in arid region of Africa, Loo in Thar desert of India.

2-3- Two measures of earthquakes are Ricter scale where magnitude of earthquake is measured modified Mercalli where intensity is measured.

2-4- Different types of floods are Minor surge flood, Major surge flood, Moderate surge flood, overbank flooding, flash flood, intense pluvial flooding and runoff pluvial flooding.

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