logging in or signing up Fire Claims Cuthbert Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINTLite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 388 Category: Entertainment License: All Rights Reserved Like it (0) Dislike it (0) Added: November 06, 2007 This Presentation is Public Favorites: 0 Presentation Description No description available. Comments Posting comment... Premium member Presentation Transcript Fire Claims The Cause & Cost An Insurers View Karl Lumbers London 13th March 2003: Fire Claims The Cause & Cost An Insurers View Karl Lumbers London 13th March 2003Slide2: Source of Data Overview of large cargo claims Cause of large fire cargo claims Risk ProfileData : Data Source Claims Files Criteria 100,000 usd Cargo Liabilities Period 15 years Sample size 68 No 59$m Value 2002Slide4: Fire costs the industry over 20$m (Est) in large cargo claims a yearCause of Large Cargo Claims : Cause of Large Cargo Claims Cause of Large Cargo Claims: Cause of Large Cargo Claims 9th by No 2nd by ValueLarge Fire Cargo Claims Average Claim Value: Large Fire Cargo Claims Average Claim ValueType of Cargoes Involved: Type of Cargoes InvolvedLarge Fire Claims by Value: Large Fire Claims by Value 6 x 1$m +Risk in Insurance Terms: Risk in Insurance Terms Risk = Frequency x Consequence Fire Risk = Low/Medium(4.5) x High (860,000usd)What Causes Fire Claims: What Causes Fire Claims Software Failure or Hardware FailureSlide12: “To err is human, indeed it is the cause of most of Our misery. Invariably though it is to the gods that we look for remedy” LivySlide13: “ Human Error is the cause of most of our misery and it is to the clubs that we look for reimbursement” Software v Hardware Failure: Software v Hardware FailureHuman Failure: Human Failure High proportion of shore side inputOrigin of Large Cargo Claim Fires (Where known): Origin of Large Cargo Claim Fires (Where known)Slide17: One of our most common findings !!!! Daily Use Tank Glass replaced with plastic tube Deadman lashed in open position 2002 Slide18: Fuel Oil DB Tank - Sounding Pipe 2002 Slide19: Sophisticated Cabin Heating !!!! Note paper to protect deck 3/2003 Slide20: Plain Language !!!!! 2002 2002 Slide21: Before After Tragic Consquences - 3 Deaths 2001 2000 What Contributed to the Fire (Where known): What Contributed to the Fire (Where known) Fishmeal Tobacco Cotton Woodpulp CoalWhat Type of Ship has Fires: What Type of Ship has Fires $mWhat Type of Ship has Fires: What Type of Ship has Fires % number fire claims far exceeds % no cargo ships in ClubIs Age of Ship Relevant ?: Is Age of Ship Relevant ?Age Band of Ships with Large Fire Claims: Age Band of Ships with Large Fire Claims % number of fire claims far exceed % Club entry For 15-19 yr age bandSize of Ships with Large Fire Claims: Size of Ships with Large Fire ClaimsSize of Ships with Large Fire Claims: Size of Ships with Large Fire Claims % number of fire claims far exceeds % entry of 10,000gt - 30,000gt ships in ClubSlide29: 10 out of 68 fires occurred in port 52 of the ships were tramping 17 ships were on Voyage Charter 35 ships were on Time CharterJurisdiction Top 7: Jurisdiction Top 7 9% 8 % 3% (3%) 3% % figures where fires occurred 3% 1%Large Fire Caused Cargo Claims Trend: Large Fire Caused Cargo Claims TrendRisk Profile: Risk Profile Dry Cargo ship 10,000gt - 30,000gt 15 – 19 years old Tramping Time Charter Spontaneous combustion/Discarded cigarettes Shore input Slide33: What Can We Do ?Slide34: Know your cargo Ensure a Good Cargo Watch is maintained Enforce No Smoking Practices You do not have the permission to view this presentation. In order to view it, please contact the author of the presentation.
Fire Claims Cuthbert Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINTLite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 388 Category: Entertainment License: All Rights Reserved Like it (0) Dislike it (0) Added: November 06, 2007 This Presentation is Public Favorites: 0 Presentation Description No description available. Comments Posting comment... Premium member Presentation Transcript Fire Claims The Cause & Cost An Insurers View Karl Lumbers London 13th March 2003: Fire Claims The Cause & Cost An Insurers View Karl Lumbers London 13th March 2003Slide2: Source of Data Overview of large cargo claims Cause of large fire cargo claims Risk ProfileData : Data Source Claims Files Criteria 100,000 usd Cargo Liabilities Period 15 years Sample size 68 No 59$m Value 2002Slide4: Fire costs the industry over 20$m (Est) in large cargo claims a yearCause of Large Cargo Claims : Cause of Large Cargo Claims Cause of Large Cargo Claims: Cause of Large Cargo Claims 9th by No 2nd by ValueLarge Fire Cargo Claims Average Claim Value: Large Fire Cargo Claims Average Claim ValueType of Cargoes Involved: Type of Cargoes InvolvedLarge Fire Claims by Value: Large Fire Claims by Value 6 x 1$m +Risk in Insurance Terms: Risk in Insurance Terms Risk = Frequency x Consequence Fire Risk = Low/Medium(4.5) x High (860,000usd)What Causes Fire Claims: What Causes Fire Claims Software Failure or Hardware FailureSlide12: “To err is human, indeed it is the cause of most of Our misery. Invariably though it is to the gods that we look for remedy” LivySlide13: “ Human Error is the cause of most of our misery and it is to the clubs that we look for reimbursement” Software v Hardware Failure: Software v Hardware FailureHuman Failure: Human Failure High proportion of shore side inputOrigin of Large Cargo Claim Fires (Where known): Origin of Large Cargo Claim Fires (Where known)Slide17: One of our most common findings !!!! Daily Use Tank Glass replaced with plastic tube Deadman lashed in open position 2002 Slide18: Fuel Oil DB Tank - Sounding Pipe 2002 Slide19: Sophisticated Cabin Heating !!!! Note paper to protect deck 3/2003 Slide20: Plain Language !!!!! 2002 2002 Slide21: Before After Tragic Consquences - 3 Deaths 2001 2000 What Contributed to the Fire (Where known): What Contributed to the Fire (Where known) Fishmeal Tobacco Cotton Woodpulp CoalWhat Type of Ship has Fires: What Type of Ship has Fires $mWhat Type of Ship has Fires: What Type of Ship has Fires % number fire claims far exceeds % no cargo ships in ClubIs Age of Ship Relevant ?: Is Age of Ship Relevant ?Age Band of Ships with Large Fire Claims: Age Band of Ships with Large Fire Claims % number of fire claims far exceed % Club entry For 15-19 yr age bandSize of Ships with Large Fire Claims: Size of Ships with Large Fire ClaimsSize of Ships with Large Fire Claims: Size of Ships with Large Fire Claims % number of fire claims far exceeds % entry of 10,000gt - 30,000gt ships in ClubSlide29: 10 out of 68 fires occurred in port 52 of the ships were tramping 17 ships were on Voyage Charter 35 ships were on Time CharterJurisdiction Top 7: Jurisdiction Top 7 9% 8 % 3% (3%) 3% % figures where fires occurred 3% 1%Large Fire Caused Cargo Claims Trend: Large Fire Caused Cargo Claims TrendRisk Profile: Risk Profile Dry Cargo ship 10,000gt - 30,000gt 15 – 19 years old Tramping Time Charter Spontaneous combustion/Discarded cigarettes Shore input Slide33: What Can We Do ?Slide34: Know your cargo Ensure a Good Cargo Watch is maintained Enforce No Smoking Practices