#ThisIsNIBS: Dr. Keith Porter, Professor, University of Colorado-Boulder and Principal, SPA Risk LLC
The National Oceanic and Atmospheric Administration reports there were more than 1,200 tornadoes in 2020, leading to the highest tornado death rate in almost a decade. A deadly tornado outbreak affected the Southeastern United States on Easter Sunday and Monday, causing 32 fatalities. This was part of a larger severe convective storm (SCS) that affected the Plains, Midwest, and Mid-Atlantic states, and it led to at least $3 billion in insured losses. Data shows that on August 10, the derecho that slammed the Midwest was the costliest SCS in U.S. history, causing $11 billion in damage, according to the National Weather Service. Since tornadoes and wind-heavy storms can happen anywhere at any time, it is important to learn how to mitigate the damage caused by these disasters.
In this webinar, we will discuss:
Oregon could experience a magnitude-8.7 or larger earthquake in the next 50 years.
This webinar will present key findings in a case study by the Multi-Hazard Mitigation Council (MMC) of the National Institute of Building Sciences that estimates the benefits of a seismically resilient runway at Portland International Airport (PDX).
Using NIBS’ groundbreaking Natural Hazard Mitigation Saves research, MMC found that an upgraded resilient runway at PDX could:
MMC published four editions of the Natural Hazard Mitigation Saves study between 2005 to 2019. It found that mitigation saves up to $13 per $1 invested (national average) across multiple kinds of disasters and a wide variety of approaches. These include adopting up-to-date building codes, exceeding codes, and retrofitting existing private- and public-sector buildings, utilities, and transportation infrastructure. The PDX case study extends Natural Hazard Mitigation Saves by shedding light on the fragility and the value of resilient air transportation.Virtual Meeting
The Innovation and Technology showcased provides an excellent opportunity not only for Government officials, Prime Contractors and Project Managers to source suppliers but also for Actuaries wanting to remain at the forefront of risk management and investors with a desire to prevent destruction and help the environment while achieving a financial return.Miami, FL