EERI Webinar: Case Studies of Financial Decision-Making using Near Real time Post Earthquake Information, by Dr. David J. Wald

In a 2019 webinar, offered by the Earthquake Engineering Research Institute (EERI) Young Members Committee, Dr. David J. Wald, Seismologist at the U.S. Geological Survey, explains how several newly developed tools, that use near real-time earthquake information (typically minutes to a few hours after the event), can inform decision-making by stakeholders.

The renowned researcher indicates that the main benefits of these near real-time tools, include:

1. Rapid damage, human and economic loss assessments that guide disaster response and aid deployment;
2. Informing models used to estimate monetary loss for portfolios of industrial, commercial, or residential exposures, and
3. Triggering the so-called "catastrophe bonds", which rely on the physical measurement of event characteristics to determine the eligibility and quantification of the compensation.

You can watch the full webinar, available through YouTube, below: