The formation of a ‘sinkhole’ beneath a property in Wednesbury, West Midlands has received abundant coverage from the mainstream media during the last week. At Terrafirma, we have been looking into this event to try and understand more about its cause and wider context.
The age of solely relying on data in environmental risk assessment is over, with a visible shift in the way professionals perceive risks such as contaminated land and flood. Where historically data alone was enough to accept due diligence, now both a professional opinion and interpretative data modelling is a standard in assessing and managing these environmental hazards.
However, despite the significant annual financial expenditure (between 4 and 15% of all Buildings Insurance Claims in the past 5 years were attributed to subsidence) and the increasing visibility of the ‘Sinkhole’ phenomena, this shift in due diligence process has not been replicated in assessing the risks the ground pose.