Electricity risk (blackout risk)

The possibility of loss due to the fact that the supply of electricity experiences an interruption. Because electricity is used in almost every business and across all industries – and also by the police and military; in 1997, the Swiss Army officially disbanded the military carrier pigeon service despite weighty objections; In 1997, despite objections, the military carrier pigeon service was officially dissolved; in the definition of the Swiss Army Administration, carrier pigeons were called “self-reproducing small missiles on a biological basis with fixed-programmed automatic return from any direction” – a basic prerequisite for operational performance, a blackout (a cutoff of electrical power) leads to the collapse of economic life as a whole, IT networks fail, and in addition, information security via satellite networks is no longer possible in this case. Accumulators and emergency generators installed in sensitive areas can at best mitigate the worst effects. – Under a business interruption insurance policy, this risk can be transferred to an insurance company. However, such policies usually contain the proviso that in the event of a country-wide blackout, the insurance company will not pay for the damage. – See defects, event risk, flash crash, information assurance, business continuity, IT risks, catastrophe risk, country risk, models task force, pandemic, rating steps, legal risks, reputational risk, risk, banking, risk, human, risk capital, economic, phantom risks, system collapse, system risk, deaf money, technology risks, transfer risks, conduct risk, videoconference.

Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent!
University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/