the Creative Commons Attribution 3.0 License.
the Creative Commons Attribution 3.0 License.
Predicting the hurricane damage ratio of commercial buildings by claim payout from Hurricane Ike
Abstract. The increasing occurrence of natural disaster events and related damages have led to a growing demand for models that predict financial loss. Although considerable research has studied the financial losses related to natural disaster events, and has found significant predictors, there has not yet been a comprehensive study that addresses the relationship among the vulnerabilities, natural disasters, and economic losses of the individual buildings. This study identified hurricanes and their vulnerability indicators in order to establish a metric to predict the related financial loss. We identify hurricane-prone areas by imaging the spatial distribution of the losses and vulnerabilities. This study utilized a Geographical Information System (GIS) to combine and produce spatial data, as well as a multiple linear regression method, to establish a hurricane damage prediction model. As the dependent variable, we utilized the following ratio to predict the real pecuniary loss: the value of the Texas Windstorm Insurance Association (TWIA) claim payout divided by the appraised values of the buildings. As independent variables, we selected the hurricane indicators and vulnerability indicators of the built environment and the geographical features. The developed statistical model and results can be used as important guidelines by insurance companies, government agencies, and emergency planners for predicting hurricane damage.
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RC C1062: 'Review Kim et al. - Predicting hurricane damage ratio of commercial buildings by claim payout from hurricane Ike', Anonymous Referee #1, 03 Sep 2013
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RC C1384: 'Referee #2 Comments on the paper "Predicting the Hurricane Damage Ratio of Commercial Buildings by Claim Payout from Hurricane Ike"', Anonymous Referee #2, 06 Oct 2013
- AC C1669: 'Reponse to the reviewer's comment', Kiyoung Son, 11 Nov 2013
- AC C1671: 'Revised paper', Kiyoung Son, 11 Nov 2013
- AC C1668: 'Reponse to the reviewer's comment', Kiyoung Son, 11 Nov 2013
- AC C1670: 'Revised paper', Kiyoung Son, 11 Nov 2013
-
RC C1384: 'Referee #2 Comments on the paper "Predicting the Hurricane Damage Ratio of Commercial Buildings by Claim Payout from Hurricane Ike"', Anonymous Referee #2, 06 Oct 2013
-
RC C1062: 'Review Kim et al. - Predicting hurricane damage ratio of commercial buildings by claim payout from hurricane Ike', Anonymous Referee #1, 03 Sep 2013
-
RC C1384: 'Referee #2 Comments on the paper "Predicting the Hurricane Damage Ratio of Commercial Buildings by Claim Payout from Hurricane Ike"', Anonymous Referee #2, 06 Oct 2013
- AC C1669: 'Reponse to the reviewer's comment', Kiyoung Son, 11 Nov 2013
- AC C1671: 'Revised paper', Kiyoung Son, 11 Nov 2013
- AC C1668: 'Reponse to the reviewer's comment', Kiyoung Son, 11 Nov 2013
- AC C1670: 'Revised paper', Kiyoung Son, 11 Nov 2013
-
RC C1384: 'Referee #2 Comments on the paper "Predicting the Hurricane Damage Ratio of Commercial Buildings by Claim Payout from Hurricane Ike"', Anonymous Referee #2, 06 Oct 2013
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