Articles | Volume 15, issue 4
Research article
09 Apr 2015
Research article |  | 09 Apr 2015

Comparison of storm damage functions and their performance

B. F. Prahl, D. Rybski, O. Burghoff, and J. P. Kropp


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Latest update: 15 Jul 2024
Short summary
Winter storms are the most costly natural hazard for European residential property. Their costs can be assessed via damage functions relating storm intensity to loss. However, the heavy-tailed loss distribution and the high uncertainty pose difficulties for their application. We address these difficulties by comparing four empirical damage functions and providing model recommendations. In a broader context, we discuss the shape of the damage functions in the light of theoretical considerations.
Final-revised paper