Bill Tryon How can property owners, investors and lenders protect themselves from increased risks? just released have implemented mandatory retrofit ordinances register for that now Human-Induced Earthquake Risks These maps How Does This Impact CRE?

  • Induced earthquakes occur closer to the surface than most natural earthquakes, resulting in an increased surface ground shaking damage to structures.
  • Peak ground acceleration data normally used in estimating earthquake losses has not been released by the USGS.
  • Building codes in the area have not been modified to reflect seismic design criteria, which may result in an increased risk of damage.
  • The probability and magnitude of induced earthquakes is expected to vary depending upon the proximity to injection sites and the quantity of material injected.
  • The maximum magnitude of induced earthquakes can't be determined from historical record. In a conference held in 2014, experts agreed that 7.0 would represent a reasonable estimate of maximum earthquake.

How can property owners, investors and lenders protect themselves from increased risks?

  • Buildings over 8 stories
  • Multi-story buildings with large openings or building areas (e.g. parking or commercial space), also known as soft-story construction
  • Unreinforced masonry
  • Direct contact with other buildings
  • Concrete buildings, regardless of construction date (for possible non-ductile design)

Adjusting Your Seismic Risk Policies Register here! Bill Tryon How can property owners, investors and lenders protect themselves from increased risks? just released have implemented mandatory retrofit ordinances register for that now Human-Induced Earthquake Risks These maps How Does This Impact CRE?

  • Induced earthquakes occur closer to the surface than most natural earthquakes, resulting in an increased surface ground shaking damage to structures.
  • Peak ground acceleration data normally used in estimating earthquake losses has not been released by the USGS.
  • Building codes in the area have not been modified to reflect seismic design criteria, which may result in an increased risk of damage.
  • The probability and magnitude of induced earthquakes is expected to vary depending upon the proximity to injection sites and the quantity of material injected.
  • The maximum magnitude of induced earthquakes can't be determined from historical record. In a conference held in 2014, experts agreed that 7.0 would represent a reasonable estimate of maximum earthquake.

How can property owners, investors and lenders protect themselves from increased risks?

  • Buildings over 8 stories
  • Multi-story buildings with large openings or building areas (e.g. parking or commercial space), also known as soft-story construction
  • Unreinforced masonry
  • Direct contact with other buildings
  • Concrete buildings, regardless of construction date (for possible non-ductile design)

Adjusting Your Seismic Risk Policies Register here!

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Bill Tryon

As Director of Strategic Development, Bill Tryon focuses on advancing key risk management initiatives from an environmental, engineering and construction risk standpoint. Bill has a long track record of innovation, and hopes to educate the industry on best practices to control risks, reduce costs and create a competitive advantage. Through The Science of Real Estate forum, Bill will provide regular updates from across the CRE risk management world.

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