estimating losses from future earthquakes


Book Description




Improved Seismic Monitoring - Improved Decision-Making


Book Description

Improved Seismic Monitoringâ€"Improved Decision-Making, describes and assesses the varied economic benefits potentially derived from modernizing and expanding seismic monitoring activities in the United States. These benefits include more effective loss avoidance regulations and strategies, improved understanding of earthquake processes, better engineering design, more effective hazard mitigation strategies, and improved emergency response and recovery. The economic principles that must be applied to determine potential benefits are reviewed and the report concludes that although there is insufficient information available at present to fully quantify all the potential benefits, the annual dollar costs for improved seismic monitoring are in the tens of millions and the potential annual dollar benefits are in the hundreds of millions.













Earthquake Loss Estimation Methodology


Book Description

"HAZUS is designed to produce loss estimates for use by state, regional, and local government in planning for earthquake loss mitigation, emergency preparedness, and response and recovery"--Page v




Estimating Losses from Future Earthquakes


Book Description




HAZUS(r) MH Estimated Annualized Earthquake Losses for the United States (FEMA 366 / April 2008)


Book Description

Recent earthquakes around the world show a pattern of steadily increasing damages and losses that are due primarily to two factors: (1) significant growth in earthquake-prone urban areas and (2) vulnerability of the older building stock, including buildings constructed within the past 20 years. In the United States, earthquake risk has grown substantially with development while the earthquake hazard has remained relatively constant. Understanding the hazard requires studying earthquake characteristics and locales in which they occur while understanding the risk requires an assessment of the potential damage to the built environment and to the welfare of people - especially in high risk areas. Estimating the varying degree of earthquake risk throughout the United States is useful for informed decision-making on mitigation policies, priorities, strategies, and funding levels in the public and private sectors. For example, potential losses to new buildings may be reduced by applying seismic design codes and using specialized construction techniques. However, decisions to spend money on either of those solutions require evidence of risk. In the absence of a nationally accepted criterion and methodology for comparing seismic risk across regions, a consensus on optimal mitigation approaches has been difficult to reach. While there is a good understanding of high risk areas such as Los Angeles, there is also growing recognition that other regions such as New York City and Boston have a low earthquake hazard but are still at high risk of significant damage and loss. This high risk level reflects the dense concentrations of buildings and infrastructure in these areas constructed without the benefit of modern seismic design provisions. In addition, mitigation policies and practices may not have been adopted because the earthquake risk was not clearly demonstrated and the value of using mitigation measures in reducing that risk may not have been understood. This study highlights the impacts of both high risk and high exposure on losses caused by earthquakes. It is based on loss estimates generated by HAZUS(R)-MH, a geographic information system (GIS)-based earthquake loss estimation tool developed by the Federal Emergency Management Agency (FEMA) in cooperation with the National Institute of Building Sciences (NIBS). The HAZUS tool provides a method for quantifying future earthquake losses. It is national in scope, uniform in application, and comprehensive in its coverage of the built environment.







Advances in Assessment and Modeling of Earthquake Loss


Book Description

This open access book originates from an international workshop organized by Turkish Natural Catastrophe Insurance Pool (TCIP) in November 2019 that gathered renown researchers from academia, representatives of leading international reinsurance and modeling companies as well as government agencies responsible of insurance pricing in Turkey. The book includes chapters related to post-earthquake damage assessment, the state-of-art and novel earthquake loss modeling, their implementation and implication in insurance pricing at national, regional and global levels, and the role of earthquake insurance in building resilient societies and fire following earthquakes. The rich context encompassed in the book makes it a valuable tool not only for professionals and researchers dealing with earthquake loss modeling but also for practitioners in the insurance and reinsurance industry.