Risk in a New Era of Catastrophes Essay Example | Topics and Well Written Essays - 1250 words

Risk in a New Era of Catastrophes - Essay Example Florida is among the states that depict high probability of facing natural calamities. Insurers, in finding out the states that mostly fall victims of natural disasters, unveiled that Florida is leading in the category. This was via applying exceedance probability (EP) curves besides incorporating prediction models, which used Florida as an illustrative example (Wharton University of Pennsylvania 7). Additional states encompass New York, Texas and S. Carolina who constitute the similar category. Studies revealed a loss of at least $10billion incurred in the state where future predications showed an increase due to the augmented occurrence of the disasters. Furthermore, due to the current climate alterations, there is an increasing and evident trend of natural calamities, which sometimes their intensities are unpredictable. Global warming has greatly yielded to frequent climate anomalies threatening nations presently (Wharton University of Pennsylvania 4). These encompass hurricanes a nd tornados that lead to immeasurable property obliteration besides human deaths. Predictions by some assorted studies indicate that the trend of natural calamities may continue to augment, where the occurrence will be unpredictable, hence finding people unaware. Final stage anticipation regards the number of insured people. Studies indicate that citizens have diverse reasons that may compel them either to buy insurance or refuse to have any coverage. People’s arguments are diverse where some state that the insurance according to their income it is high-priced whereas others do not see the essence, since that is the mandate of a state, which it has to fulfill actively. Besides, those insured their coverage is insufficient especially when catastrophes occur. Since after the catastrophe, victims require numerous things besides medicine and food, in which agencies have to provide (Wharton University of Pennsylvania

Research Methodological Approaches Essay Example | Topics and Well Written Essays - 1750 words - 1

Research Methodological Approaches - Essay Example The nature of research being done dictates the type and kind of methodology which is to be employed. This is in terms of the data collection and analysis. For example, in collecting qualitative data, the researcher will probably be measuring variables and using them to verify existing theories and question hypotheses. In some instances, data is used in coming up with a new set of hypothesis based on the results of a given study. Since every research may be unique in its own way, it is common to find different methodologies being used. Segon & Booth points out that the collection of data or statistics is not the answer to understanding an underlying meaning in a study. It is the type of data obtained and how it is analyzed that will help in understanding meanings, experiences, theories, and beliefs. Data collection is always done in accordance with specific research vehicles guided by the underlying questions for that given study. This treatise looks into the various research methods which are used in academic journals. This is done by reviewing, evaluating and analyzing the methodological approaches which are used in thirty-five different studies. According to of Benedict & Gupta, different academic scholars use diverse methodological approaches to carrying out their studies. The various methodologies can generally be grouped into three major groups. These are qualitative, quantitative and quantitative research methods. Tsikata defines qualitative research as a method of inquiry which is used in academic studies with the aim of gathering the in-depth understanding of a given behavior. The method is important in helping understand the reasons behind such behavior and trends. The qualitative research investigates not only why and how a given behavior is, but also where and when it takes place. Getnet remarks that, in most instances, focused samples are used. In other studies like Tsikata, a larger sample can also be used depending on the trend being studied, and the research questions being investigated. Significant quantities of literature suggest that qualitative methodologies produce information on specific cases. On the basis of the particular subject being studied, general conclusions can be drawn. Such conclusions are referred to as informed assertions.