Role of the Internet in Anticipating and Mitigating Earthquake Catastrophes, and the Emergence of Personal Risk Management (Invited)
Abstract
Risks from natural and financial catastrophes are currently managed by a combination of large public and private institutions. Public institutions usually are comprised of government agencies that conduct studies, formulate policies and guidelines, enforce regulations, and make “official” forecasts. Private institutions include insurance and reinsurance companies, and financial service companies that underwrite catastrophe (“cat”) bonds, and make private forecasts. Although decisions about allocating resources and developing solutions are made by large institutions, the costs of dealing with catastrophes generally fall for the most part on businesses and the general public. Information on potential risks is generally available to the public for some hazards but not others. For example, in the case of weather, private forecast services are provided by www.weather.com and www.wunderground.com. For earthquakes in California (only), the official forecast is the WGCEP-USGS forecast, but provided in a format that is difficult for the public to use. Other privately made forecasts are currently available, for example by the JPL QuakeSim and Russian groups, but these efforts are limited. As more of the world’s population moves increasingly into major seismic zones, new strategies are needed to allow individuals to manage their personal risk from large and damaging earthquakes. Examples include individual mitigation measures such as retrofitting, as well as microinsurance in both developing and developed countries, as well as other financial strategies. We argue that the “long tail” of the internet offers an ideal, and greatly underutilized mechanism to reach out to consumers and to provide them with the information and tools they need to confront and manage seismic hazard and risk on an individual, personalized basis. Information of this type includes not only global hazard forecasts, which are now possible, but also global risk estimation. Additionally, social networking tools are available that will allow self-organizing, disaster-resilient communities to arise as emergent structures from the underlying nonlinear social dynamics. In this talk, we argue that the current style of risk management is not making adequate use of modern internet technology, and that significantly more can be done. We suggest several avenues to proceed, in particular making use of the internet for earthquake forecast and information delivery, as well as tracking forecast validation and verification on a real-time basis. We also show examples of forecasts delivered over the internet, and describe how these are made.
- Publication:
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AGU Fall Meeting Abstracts
- Pub Date:
- December 2009
- Bibcode:
- 2009AGUFMNH12A..05R
- Keywords:
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- 1920 INFORMATICS / Emerging informatics technologies;
- 1922 INFORMATICS / Forecasting;
- 1960 INFORMATICS / Portals and user interfaces;
- 7223 SEISMOLOGY / Earthquake interaction;
- forecasting;
- and prediction