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Article
Publication date: 17 May 2013

Aglaia Petseti and Milton Nektarios

The present article serves two main goals. First, the proposed scheme for Greece is being involved in a benchmarking analysis. Second, an expansion of previous quantitative models…

Abstract

Purpose

The present article serves two main goals. First, the proposed scheme for Greece is being involved in a benchmarking analysis. Second, an expansion of previous quantitative models is undertaken in order to estimate risk‐based premiums for the proposed national insurance scheme.

Design/methodology/approach

The benchmarking analysis of the proposed scheme is undertaken in comparison to the best practices of the catastrophe insurance systems operating in most member‐states of the EU. Risk modelling is employed to calculate risk‐based premiums.

Findings

The benchmarking analysis leads to conclusions which may be useful for the stage of actual implementation of such a program in Greece. Risk‐based premiums for the proposed national insurance scheme are estimated for all CRESTA zones of the country.

Research limitations/implications

Uncertainty of estimated catastrophe losses is a limitation of the research.

Practical implications

The paper provides a detailed description of the proposed earthquake insurance scheme.

Social implications

The Greek Government should evaluate the proposal for the establishment of a national insurance program for earthquake damages.

Originality/value

The paper's originality/value consists of the construction of a unique data bank of the residential stock of Greece, and a comprehensive proposal for earthquake insurance, based on the best practices of national Cat insurance schemes.

Details

The Journal of Risk Finance, vol. 14 no. 3
Type: Research Article
ISSN: 1526-5943

Keywords

Article
Publication date: 14 April 2022

Nadeeshani Wanigarathna, Keith Jones, Federica Pascale, Mariantonietta Morga and Abdelghani Meslem

Recent earthquake-induced liquefaction events and associated losses have increased researchers’ interest into liquefaction risk reduction interventions. To the best of the…

Abstract

Purpose

Recent earthquake-induced liquefaction events and associated losses have increased researchers’ interest into liquefaction risk reduction interventions. To the best of the authors’ knowledge, there was no scholarly literature related to an economic appraisal of these risk reduction interventions. The purpose of this paper is to investigate the issues in applying cost–benefit analysis (CBA) principles to the evaluation of technical mitigations to reduce earthquake-induced liquefaction risk.

Design/methodology/approach

CBA has been substantially used for risk mitigation option appraisal for a number of hazard threats. Previous literature in the form of systematic reviews, individual research and case studies, together with liquefaction risk and loss modelling literature, was used to develop a theoretical model of CBA for earthquake-induced liquefaction mitigation interventions. The model was tested using a scenario in a two-day workshop.

Findings

Because liquefaction risk reduction techniques are relatively new, there is limited damage modelling and cost data available for use within CBAs. As such end users need to make significant assumptions when linking the results of technical investigations of damage to built-asset performance and probabilistic loss modelling resulting in many potential interventions being not cost-effective for low-impact disasters. This study questions whether a probabilistic approach should really be applied to localised rapid onset events like liquefaction, arguing that a deterministic approach for localised knowledge and context would be a better base for the cost-effectiveness mitigation interventions.

Originality/value

This paper makes an original contribution to literature through a critical review of CBA approaches applied to disaster mitigation interventions. Further, this paper identifies challenges and limitations of applying probabilistic based CBA models to localised rapid onset disaster events where human losses are minimal and historic data is sparse; challenging researchers to develop new deterministic based approaches that use localised knowledge and context to evaluate the cost-effectiveness of mitigation interventions.

Details

Journal of Financial Management of Property and Construction , vol. 28 no. 2
Type: Research Article
ISSN: 1366-4387

Keywords

Article
Publication date: 1 February 2016

Xian Xu and Jingbing Feng

– The purpose of this paper is to identify the effects earthquakes may have on rates of marriage and divorce in China, a country strongly affected by losses due to earthquakes.

Abstract

Purpose

The purpose of this paper is to identify the effects earthquakes may have on rates of marriage and divorce in China, a country strongly affected by losses due to earthquakes.

Design/methodology/approach

This paper studies the effect of earthquakes on marriage and divorce rates in China between 2000 and 2011, using panel data from 31 provinces as well as from Sichuan at the prefecture level, a province that has a high frequency of earthquakes.

Findings

The results show that when controlling for demographic, economic, and social factors, losses due to earthquakes are found to be associated with increases in both marriage and divorce rates. While the estimated elasticities are low, amounting to 1.92×10−2 and 6.102×10−2, respectively, they are highly significant, suggesting that a doubling of losses due to earthquakes increases marriages by 1.92 percent and divorces by 6.102 percent with a lag of one year. Since the first elasticity is smaller than the second, losses due to earthquakes may influence familial instability. Moreover, these effects increase in the second year but cannot be traced beyond three years after the disaster.

Originality/value

In view of the cost imposed on society by instable family relationships, these findings point to a need to provide relief to families after earthquake disasters.

Details

Disaster Prevention and Management, vol. 25 no. 1
Type: Research Article
ISSN: 0965-3562

Keywords

Article
Publication date: 7 November 2008

Mauli Vora, Zu‐Hsu Lee and Wenshen Pong

This paper first aims to estimate the economic loss due to an earthquake, such as building‐related losses, the damage of debris generation and fire, and the social impact. Then…

Abstract

Purpose

This paper first aims to estimate the economic loss due to an earthquake, such as building‐related losses, the damage of debris generation and fire, and the social impact. Then, it seeks to evaluate the feasibility of retrofit to prevent buildings from seismic structural damages.

Design/methodology/approach

The HAZUS software is used for the seismic loss estimation using default demographic data, which were obtained from San Francisco Assessor record. The HAZUS estimates the damage using the earthquake of 6.7 magnitude. Based on the HAZUS report incorporated with probabilistic scenarios of earthquakes, Federal Emergency Management Agency (FEMA) guidelines are used to calculate the cost of structural rehabilitation in San Francisco.

Findings

It is recommended that either Options 1 and 3 or Options 2 and 3 provided by FEMA 156 and 157 respectively should be used to calculate the cost of seismic rehabilitation of a structure. The results provide estimated costs of retrofit plans for different types of existing buildings.

Practical implications

The implementation of quantitative and computer methods in the field of natural hazard management is demonstrated. The outcome provides economic guidelines for assessment and prevention (or reduction) of possible seismic loss and building damage.

Originality/value

The study may be a useful reference for retrofit plans for homeowners and business management. The cost estimation also can help government establish or revise some policies properly to provide homeowners with economic incentives (e.g. tax reduction, low interest loan) in retrofitting their homes.

Details

Disaster Prevention and Management: An International Journal, vol. 17 no. 5
Type: Research Article
ISSN: 0965-3562

Keywords

Article
Publication date: 21 June 2011

Naill M. Momani

The aim of this paper is to link earthquake probabilistic and deterministic risk assessment with the decision‐making process in order to implement policies, plans, and procedures…

1112

Abstract

Purpose

The aim of this paper is to link earthquake probabilistic and deterministic risk assessment with the decision‐making process in order to implement policies, plans, and procedures to prevent or reduce human and monetary losses.

Design/methodology/approach

This study suggests an integrated framework for earthquake consequences management. The framework consists of an earthquake consequences model, value analysis, and socio‐economic analysis, as well as dynamic integration for implementing strategies, policies, and plans.

Findings

The developed integrated framework for earthquake consequences management could be used for a study area, especially in developing countries in which human and capital resources are limited.

Research limitations/implications

There is a need to have different case studies to demonstrate how the integrated framework for earthquake consequence management could reduce human and monetary losses due to earthquakes for a study area.

Originality/value

It is important to consider earthquake risks as part of strategic planning for societies that are vulnerable to future earthquakes.

Details

Disaster Prevention and Management: An International Journal, vol. 20 no. 3
Type: Research Article
ISSN: 0965-3562

Keywords

Article
Publication date: 20 April 2012

Naill M. Momani

There are several researches which addressed earthquake probabilistic and deterministic risk assessment without linking the decision‐making process in order to implement policies…

Abstract

Purpose

There are several researches which addressed earthquake probabilistic and deterministic risk assessment without linking the decision‐making process in order to implement policies, plans, and procedures to prevent or reduce human and monetary losses. This paper aims to address this issue.

Design/methodology/approach

This study suggests an integrated framework for earthquake consequences management. The framework consists of earthquake consequences model, value analysis, and socio‐economic analysis, as well as dynamic integration for implementing strategies, policies, and plans.

Findings

The developed integrated framework for earthquakes consequences management could be used for a study area especially in developing countries in which human and capital resources are limited.

Research limitations/implications

There is a need to have different case studies to demonstrate how the integrated framework for earthquake consequence management could reduce human and monetary losses due to earthquakes for a study area.

Originality/value

It is important to consider earthquake risks as part of strategic planning for societies that are vulnerable to future earthquakes.

Details

Disaster Prevention and Management: An International Journal, vol. 21 no. 2
Type: Research Article
ISSN: 0965-3562

Keywords

Article
Publication date: 6 October 2020

Samantha Louise N. Jarder, Lessandro Estelito O. Garciano and Osamu Maruyama

Buried structures like pipeline systems or water distribution networks (WDN) are vulnerable to seismic activities and the risk of damages increases when there is liquefaction…

Abstract

Purpose

Buried structures like pipeline systems or water distribution networks (WDN) are vulnerable to seismic activities and the risk of damages increases when there is liquefaction. This paper aims to propose a methodology on how to determine the probable maximum loss (PML) on pipeline systems when earthquakes and liquefaction occur in future scenarios.

Design/methodology/approach

The paper used historical data and presents a case study on how the methodology to estimate the PML was used. The estimation is analytic and relied on simulations to determine the seismic and liquefaction hazard in the study area. Statistical and numerical analysis was used to estimate the damages and losses.

Findings

The output shows the PML of a WDN at different earthquake scenarios. It also shows a comparison between the damages and losses of diameter sizes of the pipes.

Research limitations/implications

In this paper, the damages behaved independently in one area, and correlation was not considered.

Practical implications

This PML methodology can aid in pre-disaster planning to prepare for seismic countermeasures risk transfer such as insurance to reduce the loss.

Originality/value

This paper shows a methodology and example on how to estimate the damages and PMLs of an existing WDN of a projected earthquake and liquefaction hazard based on historical data.

Details

International Journal of Disaster Resilience in the Built Environment, vol. 12 no. 2
Type: Research Article
ISSN: 1759-5908

Keywords

Article
Publication date: 1 October 2003

Atmanand

Key elements of disaster management are prevention, mitigation, preparedness, response and relief, rehabilitation. The various stakeholders in the process of disaster mitigation…

6607

Abstract

Key elements of disaster management are prevention, mitigation, preparedness, response and relief, rehabilitation. The various stakeholders in the process of disaster mitigation are policy makers, decision makers, administration, professionals, professional institutions, R&D institutions, financial institutions, insurance sector, community, NGOs and the common man. Insurance has played a very important role. The advanced countries have developed the insurance system and made it effective and mandatory – as a result the loss of lives and property is comparatively less. In India, most of the losses suffered in natural disasters are not insured, for reasons such as lack of purchasing power, lack of interest in insurance, theory of karma attitude and ignorance of availability of such covers. Quite large numbers of agencies provide the insurance cover and foreign insurance companies have already ventured in such areas. This implies that the commercial and private sector can also play an essential role in disaster mitigation. The present study attempts to fill the gap in studies on the role of the insurance sector in disaster management.

Details

Disaster Prevention and Management: An International Journal, vol. 12 no. 4
Type: Research Article
ISSN: 0965-3562

Keywords

Article
Publication date: 24 August 2012

Naill M. Momani and Asad Salmi

The purpose of this study is to measure the willingness of general education schools (governmental and private) in the Mecca region to deal with the threat of earthquakes through…

Abstract

Purpose

The purpose of this study is to measure the willingness of general education schools (governmental and private) in the Mecca region to deal with the threat of earthquakes through the identification of the preparedness of school buildings, the differences in the willingness of schools, and examine the relationship between the exposure to previous crises and readiness for future crises.

Design/methodology/approach

The authors used a survey method to explore and determine the readiness range of schools by distributing a questionnaire to school principals. The questionnaire measures the readiness range of the institutions to counter earthquake threat through six main fields which were developed based on Federal Emergency Management Agency Resources (www.fema.gov) and were used in developing an earthquake consequences model (Al Momani), namely: previous emergencies measures, previous earthquake experience measures, earthquake mitigation measures, earthquake preparedness measures, earthquake response measures and earthquake recovery measures.

Findings

It is apparent that schools are not prepared to deal with future earthquakes regardless of their types (public vs private) and levels (primary, elementary, secondary) which require establishing a department for disaster and crisis management within the public administration of Education headed by a specialist in disasters and crises management to make sure that current school campus, under construction campus, or leased buildings be prepared to deal with disasters and crises as they occur in non‐hazardous locations, compatible with building codes, and equipped with safety means. It is important to prepare a public emergency plan for disasters and crises and to train school administrators and teachers to prepare contingency plans for disaster management in school. Finally, there is a need to prepare disasters awareness programs benefiting from public and private media, internet, and workshops through utilizing experiences of other developed countries in disasters and crises management especially for schools.

Originality/value

This research could be used to augment the need of developing education system preparedness in Jeddah Province through implementing effective mitigation, preparedness, and response, as well as recovery options.

Details

Disaster Prevention and Management: An International Journal, vol. 21 no. 4
Type: Research Article
ISSN: 0965-3562

Keywords

Article
Publication date: 10 April 2017

Negar Elhami Khorasani and Maria E.M. Garlock

This paper aims to present a literature review on the problem of fire following earthquake (FFE) as a potential hazard to communities in seismically active regions. The paper is…

Abstract

Purpose

This paper aims to present a literature review on the problem of fire following earthquake (FFE) as a potential hazard to communities in seismically active regions. The paper is important to work toward resilient communities that are subject to extreme hazards.

Design/methodology/approach

The paper lists and reviews the historical FFE events (20 earthquakes from 7 countries), studies the available analytical tools to evaluate fire ignition and spread in communities after an earthquake, discusses the available studies on performance of individual buildings under post-earthquake fires and summarizes the current literature on mitigation techniques for post-earthquake fires.

Findings

FFE can be considered a potential hazard for urban communities that are especially not prepared for such conditions. The available analytical models are not yet fully up to the standards that can be used by city authorities for decision-making, and therefore, should be further validated. Limited structural analyses of individual buildings under FFE scenarios have been completed. Results show that the drift demand on the building frame increases during post-earthquake fires. Despite the mitigation actions, there are still urban cities that are not prepared for such an event, such as certain areas of California in the USA.

Originality/value

The paper is a complete and an exhaustive collection of literature on different aspects of FFE. Research in earthquake engineering is well advanced, while structural analyses under fire load and performance of communities under FFE can be further advanced.

Details

International Journal of Disaster Resilience in the Built Environment, vol. 8 no. 02
Type: Research Article
ISSN: 1759-5908

Keywords

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