Definition Of Risk Geography

Geography and other reference data is for informational purposes only.

Definition of risk geography. The possibility of suffering harm or loss. Risk that arises when an issuer issues policies concentrated within certain geographic areas such as the risk of concentrating their coverage in hurricane or earthquake prone. Scroll down to access the hazards units of work. For each hazard event the risks or probability of a particular consequence occurring can vary greatly.

Risk synonyms risk pronunciation risk translation english dictionary definition of risk. Risk hazard x vulnerability. Consider the following to help you decide. The risk to an investment in a specific geographic area.

Hazards can have economic social and environmental consequences. This depends on certain. Hazard refers to the characteristics of the natural event itself for example the location and magnitude of an earthquake and the stability of the region s geology. Specifically it refers to the possibility that a natural disaster to which an area is prone will negatively impact an investment for example a company pumping oil in the gulf of mexico carries a geographic risk that a hurricane will destroy its infrastructure.

They regularly bring about debacles that cause some death toll or potential harm to the constructed condition and make extreme interruption to human exercises. In this equation risk refers to the threat to humans and the things we value from some sort of event. A hazard is something that is a potential risk to human life or property. This information should not be considered complete up to date and is not intended to be used in place of a.