Case Study: Natural Disaster Costs
Review the “Facts + Statistics” categories of hurricanes, lightning, hail, and winter storms from the Insurance Information Institute website.
Choose a category of disaster from the above link, then narrow to a detailed event as the result of the disaster. For instance:
Category: lightning fire
Detailed Event: restaurant. +
Write a brief paper on the statistics you’ve discovered on the website for the category you’ve chosen, and design a flowchart or other diagram that shows a “domino effect” of other costs that might be incurred by the disaster. For example the written description might read:
A lightning fire at a restaurant could lead to the business closing, followed by a loss of income for staff, that affects the ability to pay a mortgage or utilities, that cause costs to increase
to other customers, and so on
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