Method and System for Predicting the Financial Impact of Environmental or Geologic Conditions

A system for predicting the financial impact of environmental conditions, comprising:

• one or more databases that store:
• information indicative of past environmental events in a plurality of locations, each of the past environmental events including one or more past environmental conditions;
• and
• information indicative of the observable financial impact of at least some of the past environmental events;
• an analysis unit that, for each of the plurality of locations and each of the one or more environmental conditions:
• determines a recurrence interval of each of the past environmental conditions in each of the plurality of locations;
• determines correlations between the past environmental conditions and the observable financial impact of the past environmental events;
• calculates a predicted observable financial impact of each of the past environmental conditions;
• calculates a predicted financial impact of each of the past environmental conditions recurring by multiplying the predicted observable financial impact the past environmental condition by the recurrence interval of the past environmental condition;
• groups the past environmental events into a plurality of groups based on the predicted financial impact of the past environmental condition recurring;
• and
• determines a threshold for each of the plurality of groups;
• receives current or forecasted environmental conditions;
• and
• determines the predicted financial impact of the current or forecasted environmental conditions by comparing the current or forecasted environmental conditions with the thresholds determined for each of the groups in the locations of the current or forecasted environmental events.

A non-transitory computer-readable storage medium storing instructions that, when executed by a computer process, cause a computing device to:

• receive information indicative of past environmental events in a plurality of locations, each of the past environmental events including one or more past environmental conditions;
• receive information indicative of the observable financial impact of at least some of the past environmental events;
• for each of the plurality of locations and each of the one or more environmental conditions:
• determine a recurrence interval of each of the past environmental conditions in each of the plurality of locations;
• determine correlations between the past environmental conditions and the observable financial impact of the past environmental events;
• calculate a predicted observable financial impact of each of the past environmental conditions;
• calculate a predicted financial impact of each of the past environmental conditions recurring by multiplying the predicted observable financial impact the past environmental condition by the recurrence interval of the past environmental condition;
• group the past environmental events into a plurality of groups based on the predicted financial impact of the past environmental condition recurring;
• and
• determine threshold for each of the plurality of groups;
• receive current or forecasted environmental conditions;
• and
• determine the predicted financial impact of the current or forecasted environmental conditions by comparing the current or forecasted environmental conditions with the thresholds determined for each of the groups in the locations of the current or forecasted environmental events.

A method of predicting the financial impact of geologic conditions, the method comprising:

• receiving information indicative of past geologic events in a plurality of locations, each of the past geologic events including one or more past geologic conditions;
• receiving information indicative of the observable financial impact of at least some of the past geologic events;
• for each of the plurality of locations and each of the one or more geologic conditions:
• determining a recurrence interval of each of the past geologic conditions in each of the plurality of locations;
• determining correlations between the past geologic conditions and the observable financial impact of the past geologic events;
• calculating a predicted observable financial impact of each of the past geologic conditions;
• calculating a predicted financial impact of each of the past geologic conditions recurring by multiplying the predicted observable financial impact the past geologic condition by the recurrence interval of the past geologic condition;
• grouping the past geologic events into a plurality of groups based on the predicted financial impact of the past geologic condition recurring;
• and
• determining a threshold for each of the plurality of groups;
• receiving current or forecasted geologic conditions;
• and
• determining the predicted financial impact of the current or forecasted geologic conditions by comparing the current or forecasted geologic conditions with the thresholds determined for each of the groups in the locations of the current or forecasted geologic events.

A system for predicting the financial impact of geologic conditions, comprising:

• one or more databases that store:
• information indicative of past geologic events in a plurality of locations, each of the past geologic events including one or more past geologic conditions;
• and
• information indicative of the observable financial impact of at least some of the past geologic events;
• an analysis unit that, for each of the plurality of locations and each of the one or more geologic conditions:
• determines a recurrence interval of each of the past environmental conditions in each of the plurality of locations;
• determines correlations between the past geologic conditions and the observable financial impact of the past geologic events;
• calculates a predicted observable financial impact of each of the past geologic conditions;
• calculates a predicted financial impact of each of the past geologic conditions recurring by multiplying the predicted observable financial impact the past geologic condition by the recurrence interval of the past geologic condition;
• groups the past geologic events into a plurality of groups based on the predicted financial impact of the past geologic condition recurring;
• and
• determines a threshold for each of the plurality of groups;
• receives current or forecasted geologic conditions;
• and
• determines the predicted financial impact of the current or forecasted geologic conditions by comparing the current or forecasted geologic conditions with the thresholds determined for each of the groups in the locations of the current or forecasted geologic events.

A non-transitory computer-readable storage medium storing instructions that, when executed by a computer process, cause a computing device to:

• receive information indicative of past geologic events in a plurality of locations, each of the past geologic events including one or more past geologic conditions;
• receive information indicative of the observable financial impact of at least some of the past geologic events;
• for each of the plurality of locations and each of the one or more geologic conditions:
• determine a recurrence interval of each of the past geologic conditions in each of the plurality of locations;
• determine correlation between the past geologic conditions and the observable financial impact of the past geologic events;
• calculate a predicted observable financial impact of each of the past geologic conditions;
• calculate a predicted financial impact of each of the past geologic conditions recurring by multiplying the predicted observable financial impact the past geologic condition by the recurrence interval of the past geologic condition;
• group the past geologic events into a plurality of groups based on the predicted financial impact of the past geologic condition recurring;
• and
• determine threshold for each of the plurality of groups;
• receive current or forecasted geologic conditions;
• and
• determine the predicted financial impact of the current or forecasted geologic conditions by comparing the current or forecasted geologic conditions with the thresholds determined for each of the groups in the locations of the current or forecasted geologic events.