Economic Risk Evaluation in Urban Flooding and Instability-Prone Areas: The Case Study of San Giovanni Rotondo (Southern Italy)

Estimating economic losses caused on buildings and other civil engineering works due to flooding events is often a difficult task. The accuracy of the estimate is affected by the availability of detailed data regarding the return period of the flooding event, vulnerability of exposed assets, and type of economy run in the affected area. This paper aims to provide a quantitative methodology for the assessment of economic losses associated with flood scenarios. The proposed methodology was performed for an urban area in Southern Italy prone to hydrogeological instabilities. At first, the main physical characteristics of the area such as rainfall, land use, permeability, roughness, and slopes of the area under investigation were estimated in order to obtain input for flooding simulations. Afterwards, the analysis focused on the spatial variability incidence of the rainfall parameters in flood events. The hydraulic modeling provided different flood hazard scenarios. The risk curve obtained by plotting economic consequences vs. the return period for each hazard scenario can be a useful tool for local authorities to identify adequate risk mitigation measures and therefore prioritize the economic resources necessary for the implementation of such mitigation measures.