COMPUTER SYSTEM AND METHOD FOR DETERMINING THE IMPACT OF AN EARTHQUAKE EVENT
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United States of America Patent
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Issued Date -
Aug 13, 2009
app pub date -
Feb 12, 2008
filing date -
Feb 12, 2008
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For determining the impact of an earthquake event, received and stored (S1) in a computer is location information associated with geographic locations. Moreover, received (S3) via a communications network from an earthquake data server is regional intensity data, indicative of ground shaking intensity caused at the geographic locations. An average damage expected at the geographic locations is determined (S4) as a function of the ground shaking intensity. Weighting factors are determined based on population numbers or risk values, and stored (S22) assigned to the geographic locations. An earthquake index, indicative of the impact of the earthquake event, is determined (S5) by adding up the damage expected at the geographic locations, the damage expected at each geographic location being weighted with the weighting factor assigned to the respective geographic location. For example, the earthquake index is used to determine the financial payout for a financial instrument associated with the geographic locations.
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