Category: News | Page 2

What are the differences between the claim and the settlement proposal in a Material Damage loss event?

March 1, 2022

There are usually differences between the claim presented by the Insured and their expert and the loss adjustment proposed by the experts acting for the Insurers. Based upon our own ...

How should an Expert Report be structured?

January 11, 2022

It is very important and desirable that the information provided by the expert to the Insurance Company and/or the Insured, depending upon who they were contracted by, is well organised ...

The importance in fire claims of involving companies for the recovery and decontamination of machinery and plant

January 4, 2022

In fire claims, some assets are destroyed and, inevitably, must be replaced. Others, on the other hand, only sustain partial damage and can be recovered. Indeed, what tends to happen ...

Why it is important to learn the cause of a loss event

December 21, 2021

Learning the source or root cause of a loss event is, along with the appraisal of the loss and damage, the most important task of a loss adjuster in the ...

“Industrial Loss and Damage Claims” book by Roberto Revenga

December 14, 2021

In his Book “Industrial Loss and Damage Claims, published by AGERS, the author Roberto Revenga analyses real claims and the main covers that industrial firms require. He stresses the need ...

When must a faulty machine be replaced?

November 23, 2021

Often we have had cases where apparently a machine has been left so damaged following a Fire or Machinery Breakdown event that it has to be replaced. However, before taking ...

Conditions in order for the Business Interruption or Consequential Loss cover to be triggered

November 16, 2021

In our opinion, there are three conditions and moreover, it is necessary that all three are met for there to be any indemnity payable under this cover. The first condition ...

Are loss events “Black Swans” for companies?

November 9, 2021

As defined in 2007 by the inventor of the theory, the renowned Lebanese researcher Nassim Taleb, a “Black Swan” is an unlikely occurrence that takes us by surprise and has ...

When a loss event occurs, the moment of truth

November 2, 2021

The fact is, insurance policies are contracted by companies in view of the chance that a loss event might occur causing them substantial loss and damage. If there were never ...

The problem with the lack of clarity regarding the time Deductible in Loss of Profits or Consequential Loss Policies

October 26, 2021

Whenever the Loss of Profits or Consequential Loss policies issued by the London Market establish a Deductible or Excess of, say 10 days, this is construed as being the first ...