2001
DOI: 10.1016/s0951-8320(01)00086-2
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Long-term hurricane risk assessment and expected damage to residential structures

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Cited by 121 publications
(61 citation statements)
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“…Losses related to storm events can be assessed through empirical formulas that take into account variables describing the characteristics of a windstorm event, such as mean or maximum wind speeds (Dorland et al 1999;Unanwa et al 2000;Huang et al 2001) or storm duration (Schraft et al 1993). The most important parameter remains wind speed at the standard anemometer height of 10 m (maximum wind gusts) that is often the dominant factor leading to damage (Heneka and Ruck 2004).…”
Section: Introductionmentioning
confidence: 99%
“…Losses related to storm events can be assessed through empirical formulas that take into account variables describing the characteristics of a windstorm event, such as mean or maximum wind speeds (Dorland et al 1999;Unanwa et al 2000;Huang et al 2001) or storm duration (Schraft et al 1993). The most important parameter remains wind speed at the standard anemometer height of 10 m (maximum wind gusts) that is often the dominant factor leading to damage (Heneka and Ruck 2004).…”
Section: Introductionmentioning
confidence: 99%
“…However, recent literature provides evidence for a much stronger increase of insured storm loss with wind gust speed (Huang et al, 2001;Heneka and Ruck, 2008). For the insurance data set that we employ here, Prahl et al (2012) found a power law with regionally varying exponents that approximately range between 8 and 12.…”
Section: B F Prahl Et Al: Comparison Of Storm Damage Functionsmentioning
confidence: 83%
“…However, uncertainty estimates for extreme loss remain a concern and should be subject to further research. The assumption of an exponential damage relationship is not uncommon in the related literature (Huang et al, 2001;Prettenthaler et al, 2012;Murnane and Elsner, 2012) and such models are characterized by a steeper increase than comparable power law models.…”
Section: Discussion and Concluding Remarksmentioning
confidence: 99%
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“…Consequently, as mentioned by, for example, Huang et al (2001) and Pinto et al (2007), storm losses can be normalised by these yearly total insured sums in order to avoid bias related to inflation and the growth of wealth in the calculations. Economic losses related to each individual storm were therefore divided by the corresponding year's total insured sum over the canton of Vaud to provide normalised storm losses (called loss ratios) that are used in this study.…”
Section: Insurance Datamentioning
confidence: 99%