reinsurances either for a high layer beyond the known levels of exposure or in excess of an accumulation beyond predicted amounts, but intended to give an extra degree of security against an untoward experience.
A natural disaster that causes an extraordinary amount of loss in a widespread area.
A form of nonproportional reinsurance that provides coverage for losses resulting from an accident or natural disaster involving more than one insured. These losses typically must exceed a specified amount and number of insureds and/or locations. Sometimes called Cat Cover.
A severe loss, usually involving many risks, or having substantial financial impact.
1. A great, often sudden calamity. 4. A sudden violent change in the earth's surface; a cataclysm.
the climactic event of the plot, especially of a tragedy.
is a sudden large-scale, extremely harmful event; the word probably originated from two Greek roots meaning a "falling star" but came to have assigned to it two different roots, meaning "down-turning" and applied to the denouement of a Greek tragedy.
A catastrophe (as related to insurance) is a large and multiple series of losses beyond normal expectation or reasonable anticipation of loss by that particular cause of loss. For example, hurricanes causing very substantial damage, extended damage by flood, fire involving large areas, etc.
an event resulting in great loss and misfortune; "the whole city was affected by the irremediable calamity"; "the earthquake was a disaster"
a state of extreme (usually irremediable) ruin and misfortune; "lack of funds has resulted in a catastrophe for our school system"; "his policies were a disaster"
a disaster that affects a specific geographic area
a disastrous occurrence and a cacophony is a harsh sound
an event where a (usually) natural disaster such as an avalanche, mudslide, flood, volcanic eruption, tsunami, earthquake, et cetera occurs and is assigned a disaster number or name or a State of Emergency is called by the authorities
an incident that results in five or more people being admitted to a hospital, at least one of whom is a Federal civilian employee
a severe loss, resulting from natural and manmade events, including risks such as fire, earthquake, windstorm, explosion, terrorism and other similar events
a sudden, often life-threatening calamity or disaster that pushes people to the outer limits of their coping capability
An incident or series of related incidents involving a substantial loss of property or causing substantial liability across a wide geographic area.
the reversal of the tragic hero’s good fortune in Greek Tragedy
a sudden event that causes very great trouble or destruction.
The tragic denouement, or unknotting of a play or story.
To insurers, a catastrophe is a singe incident, or series of related incidents, causing insured property losses totaling more than $25 million.
Event which causes a loss of extraordinary magnitude, such as a hurricane or tornado.
the final event that completes the unraveling of the plot in a play. In tragedies, this is usually a sudden, horrible event.
A sudden, severe disaster that causes a significant loss.
n. Any great and sudden misfortune or calamity.
A single event causing numerous losses exceeding a large specified total cost set by an insurance company. Normally a company would have reinsurance for loss payments in excess of the specified amount. Tornadoes, hurricanes and other violent weather are the most common catastrophes.
A major change in the environment that causes extensive damage and usually widespread death, and occurs so infrequently that the effects of natural selection by similar events in the past (if they have ever occurred) do not remain in the 'genetic memory' of the species. The Mt St Helens volcanic eruption was in this sense a catastrophe (cf. the recurrent hurricanes in eastern USA which may be defined as 'disasters').
disaster in a specific geographic area such as hurricane's, floods, marina fires, etc.
In insurance, a term applied to an incident or series of related incidents causing insured property losses totaling more than $5 million.
Term used for statistical recording purposes to refer to a single incident or a series of closely related incidents causing severe insured property losses totaling more than a given amount, currently $25 million.
A sudden, severe disaster that causes a large loss.
An event which loss is of extraordinary magnitude, such as a hurricane or tornado.
A severe loss causing sizable financial loss.
"a terrible event that causes a lot of destruction or suffering" [Longman] "a great and ususally sudden disaster [Oxford
A sudden, great disaster.
In drama, particularly the tragedies of classical antiquity, the catastrophe is the final resolution in a poem or narrative plot, which unravels the intrigue and brings the piece to a close. In comedies, this may be a marriage between main characters; in tragedies, it may be the death of one or more main characters. It is the final part of a play, following the protasis, epitasis, and catastasis.
