Navigating Financial Risk: The Impact of Disasters on Supply-Demand Dynamics

Financial Crisis and the Supply-Demand Model Student’s Name: Institution: Course: Instructor: Date: Financial Crisis and the Supply-Demand Model Risk is one of the most significant financial factors that people consider when making decisions on their savings and expenses. The video demonstrates the impact of disaster on financial risk that can affect families long after they have experienced disasters. Constant risks of facing financial losses from natural events such as the effects of Hurricane Katrina in 2005 in New Orleans makes people consider the potential protections that they can have from risk. During the disaster, thousands of people lost their homes from the floods and many were unable to successfully claim the benefits from insurers (Ferguson, 2018). Despite many people spending their income purchasing insurance, they failed to access the payments as a res