Natural hazard natural hazards and anthropic processes. For example, groundwater abstraction may trigger groundwater-related subsidence. Effective hazard analysis in any given area (e.g., for the purposes of disaster risk reduction) should ideally include an examination of all relevant hazards and their interactions. To be of most use for risk reduction, hazard analysis should be extended to risk assessment wherein the vulnerability of the built environment to each of the hazards is taken into account. This step is well developed for seismic risk, where the possible effect of future earthquakes on structures and infrastructure is assessed, as well as for risk from extreme
Seismic risk condition. Acquiring and analyzing the specific data for an individual building or facility is one of the most expensive and daunting aspects of seismic risk estimation. Progress is made if one can calculate the 'fragility' or seismic capacity of the components within a structure. In 1999, ASTM produced guidelines for reporting seismic loss estimates on commercial properties, commonly known as Probable Maximum Loss or PML reviews. These guidelines specify the scope of work, qualifications of the reviewer, and proper nomenclature for reporting loss estimates. Seismic risk can be reduced by active programs that improve emergency response, and improve basic infrastructure.