Natural catastrophe definition

Natural catastrophe means hurricane, tornado, earthquake or flood.
Natural catastrophe means any hurricane, tsunami, tornado, earthquake or flood.
Natural catastrophe means any event that has or would reasonably be expected to be designated to be a “natural catastrophe” by Sigma, a publication of Swiss Reinsurance Company.

Examples of Natural catastrophe in a sentence

  • Natural catastrophe losses are generally weather or seismic events, in each case, having a net impact on AIG in excess of $10 million and man-made catastrophe losses, such as terrorism and civil disorders that exceed the $10 million threshold.

  • Natural catastrophe losses are generally weather or seismic events having a net impact on AIG in excess of $10 million each and man-made catastrophe losses, such as terrorism and civil disorders that exceed the $10 million threshold.

  • Natural catastrophe risk is derived separately across European and non-European regions as displayed in the ‘Region Information’ sheet.

  • Natural catastrophe events have major direct and indirect costs at the macroeconomic level (Hallegatte and Przyluski, 2010) and within different sectors across the economy (Loayza et al., 2012).

  • Natural catastrophe can be: volcanic eruption, flood, tsunami, earthquake, landslide, hurricane, tornado or wildfire.

  • The three main areas of risk identified for the Syndicate are natural catastrophes, liability claims and investment losses:• Natural catastrophe risks relating to climate change are the physical risks of increased frequency and severity of weather-related natural catastrophes.

  • Natural catastrophe losses at their highest for four years [WWW Document].

  • Apart from international reinsurers, many regional and national reinsurers are also looking to expand into SEA;  Natural catastrophe reinsurance is developing alongside increasing use of models.

  • The following sections set the key sub categories of Insurance Risk recognised by the Syndicate and how they are managed: 3.1.2 Natural catastrophe risk Natural catastrophes such as earthquakes, storms and floods represent a challenge for risk management due to their accumulation potential and volatility.

  • Natural catastrophe risks (losses caused by natural perils or terrorism) constitute SIIGs largest underwriting risks.


More Definitions of Natural catastrophe

Natural catastrophe means an imminent or occurring emergency situation at national scale, caused by an earthquake, tsunami, cyclone, high winds, storm, heavy rain, flood, volcanic eruption, drought, xxxx fire or any other natural hazard, or any public health emergency, that requires the Recipient to promptly mobilize its capacity and/or financial resources, but excluding man-made disasters.
Natural catastrophe means hurricane, tornado, earthquake, flood, wildfire, tsunami or volcanic eruption.
Natural catastrophe means flood, windstorm, hurricane, lightning, landslide, volcanic action and/or earthquake.
Natural catastrophe means, for the purposes of this Agreement, an imminent or occurring emergency situation caused by an earthquake, tsunami, cyclone, storm, flood, volcanic eruption, drought, bush fire or any other natural hazard, or any public health-related event, that requires the Recipient to promptly mobilize its capacity and/or financial resources.”

Related to Natural catastrophe

  • Catastrophe means a condition or occurrence that interferes with the ability of a district to comply with the requirements of the PIA, including:

  • Catastrophic illness or “injury” means an illness or injury that is expected to incapacitate the employee for an extended period of time, or that incapacitates a member of the employee’s family which incapacity requires the employee to take time off from work for an extended period of time to care for that family member, and taking extended time off work creates a financial hardship for the employee because he or she has exhausted all of his or her sick leave and other paid time off.

  • Natural Disaster means a flood, hurricane, tornado, earthquake, mudslide, tsunami, avalanche, landslide, volcanic eruption, fire, wildfire or blizzard that is due to natural causes.

  • Disaster means a sudden emergency occurrence beyond the control of the licensee, whether natural, technological, or man-made, that renders the licensee unable to operate the facility or makes the facility uninhabitable.

  • COVID-19 Pandemic means the pandemic caused by COVID-19 or the SARS-Co-V-2 virus (or any mutation or variation thereof).

  • Sabotage means deliberate damage, with malevolent intent, to a Category 1 or Category 2 quantity of radioactive material, a device that contains a Category 1 or Category 2 quantity of radioactive material, or the components of the security system.

  • Emergency expulsion means the removal of a student from school because the student’s statements or behavior pose an immediate and continuing danger to other students or school personnel, or an immediate and continuing threat of material and substantial disruption of the educational process, subject to the requirements in WAC 392-400-510 through 392-400-530

  • Emergency Medical Transportation means the transportation, by ambulance, of sick, injured or otherwise incapacitated persons who require emergency medical care.

  • National Pollutant Discharge Elimination System means the national program for issuing, modifying, revoking and reissuing, terminating, monitoring and enforcing permits, and imposing and enforcing pretreatment requirements under Sections 307, 402, 318, and 405 of the Clean Water Act.