Seismic risk Seismic risk Seismic risk refers to the risk of damage from earthquake to a building, system, or other entity. Seismic risk has been defined, for most management purposes, as the potential economic, social and environmental consequences of hazardous events that may occur in a specified period of time. A building located in a region of high seismic hazard is at lower risk if it is built to sound seismic engineering principles. On the other hand, a building located in a region with a history of minor seismicity, in a brick building located on fill subject to liquifaction can be as
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.