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Expected Economic Losses and Vulnerability of Coastal Residential Building to Hurricanes
In this paper a model is developed to predict economic losses and vulnerability of residential buildings to hurricanes. Hurricanes are the most costly natural hazard affecting residential construction in coastal areas. Average annual losses are approximately $5.0 billion. With the increasing growth in population along coastal areas, the potential economic losses may be even higher in the future, becoming a heavy burden on homeowners and the insurance industry. The model proposed in this paper includes two key ingredients. The first ingredient is the fragility of components and systems that are vital for maintaining the integrity of the building envelope, expressed as a conditional probability of component failure given a specific hurricane wind speed. The second ingredient is the conditional probability of contents damage following failure of key components of the building envelope. The results of this study can be used to supportinsurance underwriting policies, and to facilitate building practices and mitigation efforts to minimize hurricane disasters.
Expected Economic Losses and Vulnerability of Coastal Residential Building to Hurricanes
In this paper a model is developed to predict economic losses and vulnerability of residential buildings to hurricanes. Hurricanes are the most costly natural hazard affecting residential construction in coastal areas. Average annual losses are approximately $5.0 billion. With the increasing growth in population along coastal areas, the potential economic losses may be even higher in the future, becoming a heavy burden on homeowners and the insurance industry. The model proposed in this paper includes two key ingredients. The first ingredient is the fragility of components and systems that are vital for maintaining the integrity of the building envelope, expressed as a conditional probability of component failure given a specific hurricane wind speed. The second ingredient is the conditional probability of contents damage following failure of key components of the building envelope. The results of this study can be used to supportinsurance underwriting policies, and to facilitate building practices and mitigation efforts to minimize hurricane disasters.
Expected Economic Losses and Vulnerability of Coastal Residential Building to Hurricanes
Li, Yue (Autor:in) / Ellingwood, Bruce R. (Autor:in)
Solutions to Coastal Disasters Conference 2005 ; 2005 ; Charleston, South Carolina, United States
Solutions to Coastal Disasters 2005 ; 466-473
02.05.2005
Aufsatz (Konferenz)
Elektronische Ressource
Englisch
Expected Economic Losses and Vulnerability of Coastal Residential Building to Hurricanes
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