Acts of God or natural disasters are events that we do not have control of. Throughout the decades we have experienced economic losses because of disasters and calamities. Because of these calamities, there is potential damage to property and loss of lives. At present we can correlate stronger calamities such as hurricanes due to climate change because of the continuous economic exposure which leads to the abuse of nature. Governments should put more emphasis on this problem. Our leaders should design a strict policy that can control or mitigate the continuous exploitation of our natural resources that can contribute to calamities and disasters with unforeseeable damage and impact on our society.
Through these policies, we can avoid economic losses. Economic losses due to natural disasters have been common in the past decades.
Aside from implementing strict policies about this problem more research is also required on the long-term impacts of calamities and natural disasters.