The purpose of this research is to examine the role of the public and private sectors in managing catastrophic risks from natural hazards. Using the study region of Oakland, California, residential structures in the community are subject to a series of earthquake events. Losses are generated using the HAZUS software issued by the Federal Emergency Management Agency (FEMA) and the National Institute of Building Sciences (NIBS) of the United States. The effects of insurance deductibles and limits, the role of mitigation for the hazard, and the uncertainty in the earthquake loss estimation process are all evaluated in understanding and potentially reducing losses.
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