Managing Seismic Risk

By Joseph Derhake, PE

Published in The RMA Journal

Lenders have long relied on a combination of insurance and due diligence to protect themselves from various forms of disaster, but earthquake insurance for commercial real estate has become cost prohibitive.

In search of a substitute, lenders have increasingly relied on “probable maximum loss” reports to identify the risk of an asset being damaged in an earthquake. The purpose of this article is to help lenders understand how to craft an effective seismic risk management policy.

About the Authors

Joseph Derhake, PE

Chief Executive Officer

Joe Derhake, PE, serves as CEO of Partner Engineering and Science, a global environmental, engineering, and energy consulting firm. A registered Professional Engineer for over 25 years, Mr. Derhake has touched thousands of commercial real estate projects, from development and transactional due diligence to site remediation, asset optimization, ESG initiatives and more. His clientele includes many of the world’s largest lenders, real estate investors, and corporations. Mr. Derhake is a registered civil engineer in multiple states. He holds a bachelors degree in civil engineering from Michigan State University and Masters in Business Administration from University of Southern California.

Get in Touch

Joseph Derhake, PE
(800) 419-4923
[email protected]

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Seismic Risk Assessments/PMLs

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