14

ENVIRONMENTAL RISK MANAGEMENT

“The human races prospects of survival were considerably better when we were defenseless against tigers than they are today when we have become defenseless against ourselves

—Arnold Toynbee”

Learning Objectives

  • Identify the extreme weather events that are risks to business firms and people in vulnerable areas.
  • Differentiate natural disasters and manmade disasters and understand the coping mechanisms.
  • Understand the consequences of tinkering with the natural processes on public health.
  • Know about environmental insurance and risk management resources.
  • Learn about the management tools to manage the environmental risks and stresses.

On December 26, 2004, a rupture in the 1,300-km-long segment of the Sumatran ...

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