SEL vs. SUL: Mastering Seismic Risk Assessments
Seismic events pose significant risks to structures, especially in earthquake-prone areas. Therefore, understanding seismic risk is critical to ensure buildings’ safety and financial viability. Lenders, insurance companies, and risk managers use risk assessments to determine damage levels that could be caused by earthquakes. These assessments are essential for designing resilient buildings, setting appropriate insurance premiums, […]