Modeling Flood Perils and Flood Insurance Program in Taiwan

Taiwan had approximately 3,000 buildings damaged by floods with an economic loss of NT$12.8 billion annually, a figure 4.5 times more than economic losses due to fire damages. Many insurers become extremely cautious when underwriting their flood policies for people living in areas that are frequently struck by floods. The rising damages also trigger the demand for a mandatory national flood insurance program. This paper describes the development of an integrated flood risk assessment model for Taiwan which contains of a hazard, vulnerability and financial analysis module. We take the perspective that the mandatory program will be provided to fire policyholders as part of building and content insurance to mitigate the financial losses. The issue of a long-term balance between fund accumulations and its claim payouts will be addressed along with policy recommendations based on the modeling results.Risk Assessment, Typhoon, Flood Insurance, Financial Analysis, Resource /Energy Economics and Policy, Risk and Uncertainty,

Evolution and dimensional crossover from the bulk subbands in ABC-stacked graphene to a three-dimensional Dirac cone structure in rhombohedral graphite

The band structure of ABC-stacked N-layer graphene comprises topologically corresponding flat surface and gapped bulk subbands, as a consequence of the unique stacking configuration. In this paper, the bulk subbands are for the first times ever obtained for arbitrary N. A non-perturbative effective Hamiltonian closed in the bulk subspace is derived and used. The gapped bulk subbands are shown to evolve towards the zero energy with increasing N and in the infinite limit, they touch linearly along a circle. This outcome is a manifestation of the dimensional crossover to a three-dimensional Dirac cone structure known to exist in the bulk of rhombohedral graphite. The Dirac points, forming continuous nodal lines in a spiraling fashion, are projected onto the circle, within which the surface subbands are confined and flatten.Comment: 23 pages, 4 figure