You often read or hear references to the ‘1-in-200 year event’, or ‘200-year event’, or ‘event with a return period of 200 years’. Other popular horizons are 1-in-30 years and 1-in-10,000 years. This term applies to hazards which can occur over a range of magnitudes, like volcanic eruptions, earthquakes, tsunamis, space weather, and various hydro-meteorological hazards like floods, storms, hot or cold spells, and droughts. ‘1-in-200 years’ refers to a particular magnitude. In floods this might be represented as a contour on a map, showing an area that is inundated. If this contour is labelled as ‘1-in-200 years’ this means that the current rate of floods at least as large as this is 1/200 /yr, or 0.005 /yr. So if your house is inside the contour, there is currently a 0.005 (0.5%) chance of being flooded in the next year, and a 0.025 (2.5%) chance of being flooded in the next five years. The general definition is this: ‘1-in-200 year magnitude is x’ = ‘the current rate for eve...