Loss Estimation Terminology for Earthquake Property Assessments – Does your building need a seismic retrofit?
Probable Loss (PL): Earthquake loss to the building systems that has a specified probability of being exceeded in a specific time period. Scenario Loss (SL): Earthquake loss to the building systems associated with specified earthquake events (probabilistic return period or earthquake of specified size and location) on specific fault(s) affecting the building. Scenario Expected Loss […]