Effect of hurricane katrina on insurance industry stock prices Abstract This study tests the efficient market theory by measuring the effects of Hurricane Katrina‚ one of the most deadly and destructive natural disasters to occur in the United States‚ on stock prices in insurance industry. It hypothesizes that insurance providers who offer services in the areas affected by Hurricane Katrina should incur a loss in the market-price of their stock following the natural disaster. This event
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HURRICANE: Katrina Hurricane Katrina was a horrific category five hurricane that stretched from Florida to New Orleans. However‚ the Hurricane didn’t start as an enormous hurricane that killed thousands of people originally‚ it was formed about 200 miles south-east of the Bahamas on August 23rd‚ 2005. On August 25th the hurricane hit Florida it was a small category 1 hurricane that was so small that after weakening slightly on land it was re-classified as only tropical storm; it had two victims
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At the turn of the millennium‚ hurricanes‚ tropical storms‚ and dramatic temperatures ruled planet Earth. In the 2004 Hurricane season‚ four storms affected Florida which is the only time in recorded history a catastrophe like this has happened. In 2005‚ Hurricane Katrina wreaked havoc in the New Orleans area‚ bringing over one hundred billion dollars of damages; making thousands of people homeless‚ mostly minorities‚ and killing many others. The Federal Government‚ unprepared for this unforeseen
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States at an extremely cheap price of 7.2 million dollars. This purchase increased the value of America as a whole and offered many more revenues and resources. There were resources such as the huge line of seafood and fishing.
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| |Yifan Ge | |Xiaojiao Cheng | |Raji Alradhwan | |Mohammed Aljassem | |Danying Jin | CONSUMER PROBLEM-SOLVING ACTIVITY – HDTV PURCHASE Consumers use one of three problem-solving processes when purchasing goods or services; routinized response behavior‚ limited problem solving‚ or extend problem solving. Some consumers can quickly solve the problem and decide easily. Others engage
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category 5 storm struck a wide swath of destruction in Florida‚ Mississippi and Louisiana. Katrina is estimated to have caused close to $81 billion in damages (NHC‚ 2005). A category 5 storm has wind-speeds greater than 155 mph and typical storm water surges are greater than 18 feet (ASCE‚ 2007). This paper will look at the events during and immediately after the storm hit New Orleans‚ LA. By the time the storm hit Louisiana on August 29‚ 2005‚ the storm had lost some intensity and been downgraded
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general public what lead to the demise of New Orleans back in 2005 many will say it was the failed levees that left Louisiana and the 9th District underwater and cost the lives of innocent people who believed they were safe. But why did these levees fail? What could have been done from an engineering standpoint to fix these levees and perhaps save lives‚ homes‚ and livelihood. Even as Louisiana was underwater the U.S. Army core of engineers began to survey the system and damage to determine a plan and study
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Early Settlers and Native Americans The entire clash of two different cultures dates back all the way into the beginning of the early European arrival. All the different countries in Europe were all trying to find there own place in the new world by claiming the land for their country. The English were among one of the first Europeans to arrive in the new world; and establish the first permanent settlement called Jamestown. The English later extended their settlements along the Atlantic coast‚
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Hurricane Katrina Response Unit 4 Assignment January 7th‚ 2013 The emergency responders that responded to Hurricane Katrina saved thousands of lives and hundreds of thousands of dollars in property. These men and women brought hope to a region devastated by one of the worst disasters in the history of the United States. However‚ the response to Hurricane Katrina was unsatisfactory by most people’s standards. This meager response greatly overshadowed the high-quality work that the emergency responders
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Coast region. By the same weeks ’ end‚ however‚ Hurricane Dennis was "barreling toward the Gulf of Mexico."3 These obvious patterns of harsh hurricanes and tropical storms in the Gulf Coast region raised an alarm to Ivor van Heerden‚ director of Louisiana State University ’s Center for the Study of Public Health impacts of Hurricanes. Even before Hurricane Katrina was "on the map‚" Heerden realized that "if a hurricane comes next month‚ New Orleans could no longer exist."4 By ignoring these predictions
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