Case study analysis of the financial impact of catastrophic safety events

Several catastrophic events in the process industry have caused extensive damage to life and property and have forever changed the process safety landscape. Despite the commitment from the industry, incidents still occur with similar root causes, impacting major companies in various ways. This work examines the financial impact of such incidents on the stability and future of affected companies in different industries. Several devastating incidents were analyzed to evaluate the direct impact in the short- and long-term and to discuss factors influencing the ability of affected companies to withstand the consequence of catastrophic events.

► We analyzed financial impact of catastrophic incidents based on three case studies.
► Different trends of impact were observed from the consequence and aftermath of the incidents.
► Various factors which may have played significant role in the aftermath of these incidents are discussed.