Solution-Hurricanes and losses, A discussion of extreme

Hurricanes and losses

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Hurricanes and losses. A discussion of extreme weather says, "In most states, hurricanes occur infrequently. Yet, when a hurricane hits, the losses can be catastrophic. Average annual losses are not a meaningful measure of damage from rare but potentially catastrophic events."²³ Why is this true?

Reference no: EM131746767

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Hurricanes and losses

Reference no: EM131746767

Reference no: EM131746767

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