Infrastructure Resilience in the Spotlight: The Costs of Business Disruption of Infrastructure Services
Friday, July 29, 2022
12:00 pm - 1:30 pm
About the Event
Hurricanes are a major destructive force. The potential damage to infrastructure, businesses and household assets represents only the beginning of the costs to society. Immediate damage is typically followed by the interruption of functionality for an extended period until various operations have recovered. For example, business interruption (BI) losses have actually exceeded the dollar value of property damage in cases such as Hurricane Katrina and Hurricane Harvey. This presentation will explain how the total economic consequences of business and infrastructure can be accurately measured.
About the Speaker
Adam Rose is a Research Professor in the University of Southern California Sol Price School of Public Policy, and Senior Research Fellow at USC’s Center for Risk and Economic Analysis of Threats and Emergencies (CREATE). He has spearheaded the development of CREATE’s comprehensive economic consequence analysis framework and has done pioneering research on resilience at the level of the individual business/household, market/industry and regional/national economy.