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Black Swan Emergency Management Consultants |
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"If everything is going according to plan take a hard look around...you have missed something important." Payne's Theorem |
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2011 was the Year of the Billion Dollar Disaster- with 12 events each exceeding costs of $1 billion dollars or more. There were more that 90 federally declared disasters affecting every region of the U.S. |
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A black swan event is one that has a major impact on the course of history, is unexpected, and despite being nearly impossible to predict, is deemed predictable with the benefit of hindsight. This theory was popularized by Nassim Nicholas Taleb in his book "The Black Swan". |
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The estimated economic damages from the multitude of disasters in 2011 have exceeded 45 billion dollars. Emergency Management Magazine Jan/Feb 2012
Up to 40% of businesses affected by a natural or human-caused disaster never reopen. Insurance Information Institute |