Much has been written about the ups and downs of financial markets, from the lure of prosperity to the despair of crises. Yet a more fundamental and pernicious source of uncertainty exists in today's world: the traditional “insurance” risks of earthquakes, storms, terrorist attacks, and other disasters. Insightfully exploring these "acts of God and man," Michael R. Powers guides readers through the methods available for identifying and measuring such risks, financing their consequences, and forecasting their future behavior within the limits of science. A distinctive characteristic of earthquakes, hurricanes, bombings, and other insurance risks is that they impact the values of stocks, bonds, commodities, and other market-based financial products, while remaining largely unaffected by or “aloof” from the behavior of markets. Quantifying such risks given limited data is difficult yet crucial for achieving the financing objectives of insurance. Powers begins with a discussion of how risk impacts our lives, health, and possessions and proceeds to introduce the statistical techniques necessary for analyzing these uncertainties. He then considers the experience of risk from the perspectives of both policyholders and insurance companies, and compares their respective responses. The risks inherent in the private insurance industry lead naturally to a discussion of the government's role as both market regulator and potential "insurer of last resort." Following a thoughtful and balanced analysis of these issues, Powers concludes with an interdisciplinary investigation into the nature of uncertainty, incorporating ideas from physics, philosophy, and game theory to assess science's limitations in predicting the ramifications of risk.

It’s the summer of 2015, Brooklyn, and the city is sweltering from another record-breaking heat wave, this one accompanied by biblical rains. Edith, a recently retired legal librarian, and her identical twin sister, Kat, have discovered something ominous in their hall closet: it’s shaped like a mushroom, it’s phosphorescent, and it’s rapidly consuming their wall. But that’s only the beginning … Part suspense, part screwball comedy, Jill Ciment’s brilliant novel looks at what happens when our lives—so seemingly set and ordered—break down in the wake of calamity.

This extraordinary book reveals a historical mystery which overturns Ancient Egyptian chronology and uncovers what may be the real explanation of the Atlantis myth.

This revised edition features a new chapter analyzing the failed response to Hurricane Katrina. Steinberg argues that it is wrong to see natural disasters as random outbursts of nature or expressions of divine judgment. He reveals how business and government decisions have paved the way for the greater losses of life and property.

A sequel to Backfire, this collection of short stories attempts to link together the work of different generations and includes some of the best stories from a short story competition introducing a generation of fresh titles. It is suitable for both teachers and students alike.

Originally published in 1984 Natural Disasters shows how misleading the term “natural disaster” can be. Forces of nature such as earthquakes, cyclones and extreme variations in weather can trigger disasters, but in many Third World countries it is environmental degradation, poverty and rapid population growth which turn a natural hazard into major disaster. This book questions whether the rich nations’ usual response to disaster – fast, short-lived emergency assistance – is any longer adequate. Today, most major disasters are “development” gone wrong, development which puts millions of poor people on the margins of existence. Disaster relief alone is like bandaging a rapidly growing wound. The appropriate response must include an element of true development – development which reduces rather than increases vulnerability to disasters.