The first step in understanding
earthquake risk is to dissect the earthquake risk or loss process
into its constituent steps. Earthquake risk begins with the
occurrence of the earthquake, which results in a number of earthquake
hazards.
The most fundamental of these hazards
is faulting, that is, the surface expression of the differential
movement of blocks of the Earth’s crust. Faulting can be a simple
“mole-track” lateral movement, or a major vertical scarp, or may
not even be visible.
In most cases, faulting is typically a
long narrow feature, and therefore affects a relatively small
fraction of the total affected structures and persons. Affecting a
much greater number of structures and persons is shaking, which is
typically the primary hazard due to earthquakes.
Depending on the earthquake,
liquefaction, other forms of ground failure, tsunamis, or other types
of hazards may be significant agents of damage. For various reasons,
many buildings, portions of the infrastructure, and other structures
cannot fully resist these hazards, and sustain some degree of damage.
Primary damage can vary from minor
cracking to total collapse. Some building types are more vulnerable
than others, but even when a building sustains no structural damage,
the contents of the building may be severely damaged.
For certain occupancies, such as
hospitals or emergency services dispatch centers, this damage to
contents (laboratories, specialized machinery, communication
equipment, etc.) can be very important. Additionally, these various
kinds of primary damage can lead to other secondary forms of hazard
and damage, such as releases of hazardous materials, major fires, or
flooding.
Damage results in loss.
Primary loss can take many forms —
life loss or injury is the primary concern, but financial loss and
loss of function are also of major concern. The likelihood of
sustaining a loss is termed risk . Primary losses lead to secondary
forms of loss, such as loss of revenues resulting from business
interruption and loss of market share and/or reputation.


