Interesting data from today's M4.4 Highland Park (Los Angeles - area) earthquake. Massive variations in ground motion from building-to-building, even within a few blocks of each other. This matters for emergency response (is my building damaged?) and #parametric insurance (will my policy payout). Building-specific data matters!
🚨 Los Angeles Area Earthquake A 4.4 magnitude #earthquake recently struck Highland Park, impacting an area where Safehub has one of our highest concentrations of clients, with over 500 buildings equipped with our #sensors. The images below offer critical insights into the seismic activity from today’s event. They present data visualizations of the shaking intensity recorded at three different buildings within the epicentral area. Even within this localized region, the shaking levels varied significantly (Peak Ground Accelerations recorded at 6%g, 18%g, and 26%g). These variations underscore the importance of building-specific damage assessments for effective #emergencyresponse and the prioritization of services. Additionally, in the context of earthquake #parametric insurance, such disparities could determine whether a payout is triggered or not. Building-specific data reduces basis risk associated with parametric insurance payouts. We are relieved that this event is likely to result in minimal damage and injury, and we remain dedicated to supporting our clients. #safety #resilience #riskmanagement #parametricinsurance #LAearthquake