Nearmap’s AI-powered models approved in 27 markets
Insurers can leverage the predictive scores to help price risk.
Inexperience, poor communication, and the lack of a consensus for engineering guidelines related to the investigation, assessment, and repair of earthquake damage led to inconsistent and sometimes inequitable damage assessments. Other consequences included dubious repair recommendations, inequitable paid losses far in excess of predictions, and widespread controversy.
In an effort to substantially improve the response to the next major earthquake in California and elsewhere, the Earthquake Damage Assessment and Repair project was initiated under the auspices of the Consortium of Universities for Research in Earthquake Engineering (CUREE). The primary goals of the project were to conduct research and develop guidelines for the assessment and repair of earthquake damage in wood frame construction. The ultimate aim was to improve objectivity and consistency in the infrequent — but essential — task of post-earthquake damage assessment and repair in wood frame construction.
Already have an account? Sign In Now
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Insurers can leverage the predictive scores to help price risk.
The latest insurance-industry personnel news from Price Forbes, Aon, Sedgwick and more.
The trucking company owner is accused of underreporting payroll by more than $2 million as well as misclassifying employees.
White Paper
Sponsored by Vortex Weather Insurance
Parametric Hurricane Insurance: A Strategic Solution for Agents and Brokers
Hurricane-related financial risks can leave businesses vulnerable due to gaps found in traditional insurance policies. Parametric hurricane insurance provides a proactive solution for your clients to recover from hurricane-related financial losses quickly. Learn how this innovative coverage model offers transparent payouts based on measurable storm conditions--helping your clients bridge critical financial gaps when they need it most.
White Paper
Sponsored by Vortex Weather Insurance
Hourly Rain Insurance: A Strategic Solution for Agents and Brokers
Rain-related business disruptions can be costly for your clients. Parametric hourly rain insurance offers a proactive approach to mitigate financial losses from weather conditions. This data-driven solution delivers fast, automated payouts when rainfall thresholds are met, ensuring your clients are protected when they need it most.
Copyright © 2025 ALM Global, LLC. All Rights Reserved.