J. Wylie Donald, Esq. of McCarter & English LLP presented “Climate Change- Uncovering Risk in a Warming World” at the October 2013 67th Annual F. Addison Fowler Seminar held by The Insurance Roundtable of Baltimore in Hunt Valley, MD
Cheryl Ryan Vice President of United States Liability Insurance Group presented - “Special Events Insurance Considerations at the October 2013 67th Annual F. Addison Fowler Seminar held by The Insurance Roundtable of Baltimore in Hunt Valley, MD
SpringOne Platform 2016
Speaker: Justin Smith; Director, Pivotal
Credential hygiene is a perennial concern in all distributed computing systems. It’s certainly of utmost importance in cloud-native platforms. It’s common practice to encrypt credentials for storage and distribution, but they ultimately need to be made available as cleartext to the application that requires them. In this talk, we will discuss the options available and best practices for these sensitive operations. Topics include: key encrypting keys, hardware security modules, and relatively new and promising advances in muti-party computation.
Dan Tetzlaff from Hub International Insurance share his expert opinion and speaks on the most common pitfalls when insuring your property and a robust program on how to avoid them.
GTSC's National Preparedness Month Symposium
Presentation: Government Contracts & Insurance Issues: How Prepared is Your Company?
Presenter: Justin Chiarodo, Partner, Dickstein Shapiro LLP; John Gibbons, Partner, Dickstein Shapiro LLP
Description: Disasters require advance planning to protect your business. Beyond physical preparedness for a disaster or terrorist attack, your firm should pay close attention to its assets – and how your company can best leverage them. This panel will discuss both government contracts and insurance considerations relating to disasters.
An overview of the 2013 changes and modifications to the National Flood Insurance Program (NFIP) presented at the September 4, 2013 Lunch and Learn at the Charleston Trident Association of REALTORS (CTAR)
California established the $21 billion Wildfire Fund last year to finance third party liability claims arising from wildfires caused by electrical transmission wires and equipment operated by the state’s three largest investor-owned utilities.
The attached presentation explores:
• How the Wildfire Fund is funded;
• How the Wildfire Fund encourages utilities to make wildfire safety a top priority; and
• How the Wildfire Fund is used to settle claims.
The California Wildfire Fund spreads and smooths the potential cost of more than $20 billion in future wildfire claims across the state’s three largest investor owned utilities, the customers of those utilities and, to a certain extent, homeowners insurers. In doing so, the scheme firmly guides California’s major utilities toward an aggressive commitment to wildfire safety through:
• A mandatory $5 billion shareholder funded investment in risk mitigation;
• Submission of annual risk mitigation plans;
• Standards for safety culture, governance, and executive compensation;
• Additional financial obligations to the Wildfire fund for imprudent actions causing losses; and
• Mandatory liability insurance.
Cheryl Ryan Vice President of United States Liability Insurance Group presented - “Special Events Insurance Considerations at the October 2013 67th Annual F. Addison Fowler Seminar held by The Insurance Roundtable of Baltimore in Hunt Valley, MD
SpringOne Platform 2016
Speaker: Justin Smith; Director, Pivotal
Credential hygiene is a perennial concern in all distributed computing systems. It’s certainly of utmost importance in cloud-native platforms. It’s common practice to encrypt credentials for storage and distribution, but they ultimately need to be made available as cleartext to the application that requires them. In this talk, we will discuss the options available and best practices for these sensitive operations. Topics include: key encrypting keys, hardware security modules, and relatively new and promising advances in muti-party computation.
Dan Tetzlaff from Hub International Insurance share his expert opinion and speaks on the most common pitfalls when insuring your property and a robust program on how to avoid them.
GTSC's National Preparedness Month Symposium
Presentation: Government Contracts & Insurance Issues: How Prepared is Your Company?
Presenter: Justin Chiarodo, Partner, Dickstein Shapiro LLP; John Gibbons, Partner, Dickstein Shapiro LLP
Description: Disasters require advance planning to protect your business. Beyond physical preparedness for a disaster or terrorist attack, your firm should pay close attention to its assets – and how your company can best leverage them. This panel will discuss both government contracts and insurance considerations relating to disasters.
An overview of the 2013 changes and modifications to the National Flood Insurance Program (NFIP) presented at the September 4, 2013 Lunch and Learn at the Charleston Trident Association of REALTORS (CTAR)
California established the $21 billion Wildfire Fund last year to finance third party liability claims arising from wildfires caused by electrical transmission wires and equipment operated by the state’s three largest investor-owned utilities.
The attached presentation explores:
• How the Wildfire Fund is funded;
• How the Wildfire Fund encourages utilities to make wildfire safety a top priority; and
• How the Wildfire Fund is used to settle claims.
The California Wildfire Fund spreads and smooths the potential cost of more than $20 billion in future wildfire claims across the state’s three largest investor owned utilities, the customers of those utilities and, to a certain extent, homeowners insurers. In doing so, the scheme firmly guides California’s major utilities toward an aggressive commitment to wildfire safety through:
• A mandatory $5 billion shareholder funded investment in risk mitigation;
• Submission of annual risk mitigation plans;
• Standards for safety culture, governance, and executive compensation;
• Additional financial obligations to the Wildfire fund for imprudent actions causing losses; and
• Mandatory liability insurance.
According to the Environment Agency, over 5 million people in the UK live or work in flood risk area.
The risk of flooding can reduce the value of your business premises and can make the arrangement of insurance cover trickier or more expensive. The impact of flood risk on the potential value of your property can be reduced by improving the flood resistance and flood resilience of the property and its contents.
In this SlideShare we’ll look at how to assess the risk of flooding to your business.
CSCR Business 1 w/Dave Ferris: Insurable Risks in a Changing ClimateSustainable Tompkins
Climate Smart & Climate Ready Conference Business Track #1 on April 20, 2013 at Tompkins County Public Library in Ithaca, NY. David Ferris, PW Wood & Son Insurance. Climate Change, Extreme Weather Events: Insurance Issues for Business and Other Organizations.
When selecting a new site or evaluating an existing site, there are dozens of risk factors that must be considered if optimal availability is to be obtained. Geographic, site-related, building, and economic risks need to be understood and mitigated to lessen the downtime effects on your business. In this paper guidelines are established for selecting a new site or assessing an existing one. Common risks that affect the availability of a business are defined and techniques for minimizing these risks are presented.
A short overview why businesses should engage a Public Adjuster before or after a Natural Disaster. Especially true for those businesses in disaster prone areas.
A short overview of why it can be vitally necessary for businesses to engage a Public Adjuster before or after a natural disaster. This is especially true of businesses located in disaster prone areas of the country.
Similar to Unti-Claims Handling Following Catastrophes 2013-10 (20)
Discussing Cyber Risk Coverage With Your Commercial Clients by Steve Robinson...Don Grauel
Steve Robinson of RPS Technology & Cyber presented "Discussing Cyber Risk Coverage With Your Commercial Clients" to the 68th Annual F. Addison Fowler Fall Seminar on October 17, 2014.
Surety Industry Overview: State of the Industry by Cissie ScogginDon Grauel
Cissie Scoggin of Liberty Mutual Insurance presented "Surety Industry Overview: State of the Industry" to the 68th Annual F. Addison Fowler Fall Seminar on October 17, 2014.
Melinda Petit, Director of Claims Operations at Chesapeake Employer's Insurance Company (formerly IWIF) presented - “Workers Compensation — Medicare Secondary Payer Issues” at the October 2013 67th Annual F. Addison Fowler Seminar held by The Insurance Roundtable of Baltimore in Hunt Valley, MD
Donald-Climate Change, Uncovering Risk in a Warming World 2013-10Don Grauel
J. Wylie Donald, Esq. of McCarter & English LLP Presented - “Climate Change- Uncovering Risk in a Warming World” at the October 2013 67th Annual F. Addison Fowler Seminar held by The Insurance Roundtable of Baltimore in Hunt Valley, MD
Brett S. Lininger, Esq., Principal at Semmes, Bowen, Semmes presented - “Property & Casualty Legislative Up-Date” at the October 2013 67th Annual F. Addison Fowler Seminar held by The Insurance Roundtable of Baltimore in Hunt Valley, MD
Presentation by Thomas Waite, Specialist in Field Education & Marketing, National Flood Services, Stone River to the 66th Annual Fowler Seminar on Oct 12 2012 titled Recent Changes to NFIP - What You Need to Know
Presentation by Meyer Shields, Managing Director Stifel, Nicolaus & Company, Inc. to the 66th Annual Fowler Seminar on Oct 12 2012 titled Equity Analyst’s View on Insurance
Presentation by Kevin M. LaCroix, Executive Vice President, RT Pro Exec., a division of RT Specialty, LLC. to the 66th Annual Fowler Seminar on Oct 12 2012 titled Private Company Directors & Officers Insurance
Presentation by Larry Clinton, President of the Internet Security Alliance (ISA) to the 66th Annual Fowler Seminar on Oct 12 2012 titled Evolution of the Cyber Threat - A Unified Systems Approach.
This slide is special for master students (MIBS & MIFB) in UUM. Also useful for readers who are interested in the topic of contemporary Islamic banking.
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
A workshop hosted by the South African Journal of Science aimed at postgraduate students and early career researchers with little or no experience in writing and publishing journal articles.
Executive Directors Chat Leveraging AI for Diversity, Equity, and InclusionTechSoup
Let’s explore the intersection of technology and equity in the final session of our DEI series. Discover how AI tools, like ChatGPT, can be used to support and enhance your nonprofit's DEI initiatives. Participants will gain insights into practical AI applications and get tips for leveraging technology to advance their DEI goals.
A Strategic Approach: GenAI in EducationPeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
Delivering Micro-Credentials in Technical and Vocational Education and TrainingAG2 Design
Explore how micro-credentials are transforming Technical and Vocational Education and Training (TVET) with this comprehensive slide deck. Discover what micro-credentials are, their importance in TVET, the advantages they offer, and the insights from industry experts. Additionally, learn about the top software applications available for creating and managing micro-credentials. This presentation also includes valuable resources and a discussion on the future of these specialised certifications.
For more detailed information on delivering micro-credentials in TVET, visit this https://tvettrainer.com/delivering-micro-credentials-in-tvet/
How to Build a Module in Odoo 17 Using the Scaffold MethodCeline George
Odoo provides an option for creating a module by using a single line command. By using this command the user can make a whole structure of a module. It is very easy for a beginner to make a module. There is no need to make each file manually. This slide will show how to create a module using the scaffold method.
How to Add Chatter in the odoo 17 ERP ModuleCeline George
In Odoo, the chatter is like a chat tool that helps you work together on records. You can leave notes and track things, making it easier to talk with your team and partners. Inside chatter, all communication history, activity, and changes will be displayed.
This presentation includes basic of PCOS their pathology and treatment and also Ayurveda correlation of PCOS and Ayurvedic line of treatment mentioned in classics.
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...Levi Shapiro
Letter from the Congress of the United States regarding Anti-Semitism sent June 3rd to MIT President Sally Kornbluth, MIT Corp Chair, Mark Gorenberg
Dear Dr. Kornbluth and Mr. Gorenberg,
The US House of Representatives is deeply concerned by ongoing and pervasive acts of antisemitic
harassment and intimidation at the Massachusetts Institute of Technology (MIT). Failing to act decisively to ensure a safe learning environment for all students would be a grave dereliction of your responsibilities as President of MIT and Chair of the MIT Corporation.
This Congress will not stand idly by and allow an environment hostile to Jewish students to persist. The House believes that your institution is in violation of Title VI of the Civil Rights Act, and the inability or
unwillingness to rectify this violation through action requires accountability.
Postsecondary education is a unique opportunity for students to learn and have their ideas and beliefs challenged. However, universities receiving hundreds of millions of federal funds annually have denied
students that opportunity and have been hijacked to become venues for the promotion of terrorism, antisemitic harassment and intimidation, unlawful encampments, and in some cases, assaults and riots.
The House of Representatives will not countenance the use of federal funds to indoctrinate students into hateful, antisemitic, anti-American supporters of terrorism. Investigations into campus antisemitism by the Committee on Education and the Workforce and the Committee on Ways and Means have been expanded into a Congress-wide probe across all relevant jurisdictions to address this national crisis. The undersigned Committees will conduct oversight into the use of federal funds at MIT and its learning environment under authorities granted to each Committee.
• The Committee on Education and the Workforce has been investigating your institution since December 7, 2023. The Committee has broad jurisdiction over postsecondary education, including its compliance with Title VI of the Civil Rights Act, campus safety concerns over disruptions to the learning environment, and the awarding of federal student aid under the Higher Education Act.
• The Committee on Oversight and Accountability is investigating the sources of funding and other support flowing to groups espousing pro-Hamas propaganda and engaged in antisemitic harassment and intimidation of students. The Committee on Oversight and Accountability is the principal oversight committee of the US House of Representatives and has broad authority to investigate “any matter” at “any time” under House Rule X.
• The Committee on Ways and Means has been investigating several universities since November 15, 2023, when the Committee held a hearing entitled From Ivory Towers to Dark Corners: Investigating the Nexus Between Antisemitism, Tax-Exempt Universities, and Terror Financing. The Committee followed the hearing with letters to those institutions on January 10, 202
MATATAG CURRICULUM: ASSESSING THE READINESS OF ELEM. PUBLIC SCHOOL TEACHERS I...NelTorrente
In this research, it concludes that while the readiness of teachers in Caloocan City to implement the MATATAG Curriculum is generally positive, targeted efforts in professional development, resource distribution, support networks, and comprehensive preparation can address the existing gaps and ensure successful curriculum implementation.
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...Dr. Vinod Kumar Kanvaria
Exploiting Artificial Intelligence for Empowering Researchers and Faculty,
International FDP on Fundamentals of Research in Social Sciences
at Integral University, Lucknow, 06.06.2024
By Dr. Vinod Kumar Kanvaria
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
3. Sandy
•
•
•
•
•
Swiss Re Study – Largest Catastrophe of 2012
$70 Billion in economic losses
35 Billion in insured losses
20 to 25 billion were covered by the private sector
Remaining losses covered by National Flood Insurance
program
• It was estimated that New York City lost up to $200 million a
day in permanently lost economic activity
• 7.5 million power outages throughout Hurricane Sandy’s two
day assault
Liberty Mutual Insurance
4. Storm Preparation
•
•
•
•
•
Identify Path of Storm
Review PIF counts in the storms path
Identify adjuster availability and need for further resources
Identify staging location to gather prior to storm landing
Meet at staging area review adjusting guidelines and
potential coverage issues
• After the storm hits gather information from local adjusters
and agents on impact
• Proceed to loss locations
Liberty Mutual Insurance
6. Storm Preparation
• The table below identifies policy holders close to the coast
and within the potential path of the storm.
State
Southeast Louisiana
Southern Mississippi
Southern Alabama
Florida Panhandle
Total
Liberty Mutual Insurance
Business
Insurance
Business Income Exposures
– Business Ins
National
Insurance
Business Income Exposures
– National Ins
743
193
437
5,076
2,424
420
91
294
2,884
1,387
2,528
667
547
4,463
4,486
1,031
301
258
2,125
1,816
8. Storm Preparation
Claims Call Center Preparation:
•
Claims Call Center management has staff available through the weekend. Management will continue to monitor claim volume and
staff accordingly.
Property Operation Preparation:
•
•
Inside Claims Handling
Claims associated with TS Karen will be handled jointly by the Cat Operation and staff from all three Field Property Zones and the
Specialized Property Operations.
•
•
Field Claims Handling
Field staff from all three Zones have been put on standby for potential deployment to the affected areas. In addition, a number of
Catastrophe Independent Adjusting firms have been notified of the potential need and are prepared to deploy staff.
•
•
Large Loss Claims Handling
Large loss operation is prepared and has a designated group that can respond as necessary.
Legal Preparation:
•
Previously released national guidance surround named storm deductibles appears to address policies from the states affected as no
state specific deductible endorsements were found. Home office legal is prepared to assist as needed.
Liberty Mutual Insurance
9. Pre-Storm Planning Insurance Institute for
Business & Home Safety (IBHS)
• 1. Take pictures of your property/office.
• 2. Get updated contact information from all employees. Find
out where your employees plan on going if evacuated.
• 3. Know where you will temporarily be located if unable to
return to your place of business and how you will
communicate the relocation to employees, customers and
vendors.
• 4. Know what your customers will expect from you during
and after the hurricane. Make sure you have a plan in place
to communicate with them.
Liberty Mutual Insurance
10. Pre-Storm Planning Insurance Institute for
Business & Home Safety Continued
• 5. Make sure you have your key vendors contact information
and if time allows, find out their plans to continue servicing
you during and after the hurricane.
• 6. Have a battery-operated radio and spare batteries to
ensure you can receive emergency information.
• 7. Obtain sufficient flashlights and other battery powered
lights to allow essential work to be conducted in the event of
a power outage.
• 8. Decide what critical items must be removed from your
business.
Liberty Mutual Insurance
11. Pre-Storm Planning Insurance Institute for
Business & Home Safety Continued
• 9. Identify essential business records that should be removed from the
property and determine where you plan to take them. Check your back
up process to make sure everything is backed up correctly. Protect the
backup copy along with your other essential records.
• 10. With possible power loss, unplug non crucial electrical equipment
being left behind to avoid shock and surges when power is restored.
Move them to a well-protected interior room on floors above the level of
potential flooding.
• 11. Fill vehicle fuel tanks. Fuel may not be available during hurricane
evacuation activities.
• 12. Identify outside equipment and furnishings which could be blown
loose and may cause damage in hurricane winds such as outside
merchandise, trash cans, signs, awnings, antennas and tools.
• 13. Ensure that backup personnel know how to turn off electrical power,
water, gas and other utility services within your building at main
switches.
Liberty Mutual Insurance
12. Disaster Planning Resources
• www.disastersafety.org
Free Business continuity tool designed to help small
business focus on planning for any type of
business interruption, so they can quickly re-open and
resume operations following a disaster
• www.ready.gov/business
Assistance with emergency preparedness and putting
together a plan for homes and businesses
Liberty Mutual Insurance
13. Catastrophes and Direct Damage
• Flood or Not Flood
Did the property sustain flood damage or wind damage?
Was loss due to rising flood waters?
Did water enter the building through a storm created
opening?
• Back Up of sewers and drains
Concurrent Causation Language
Where is the drain located?
What limit applies?
• Surge – Role of Equipment Breakdown
Liberty Mutual Insurance
14. Named storm and Hurricane Deductibles
• Tropical Storm Status is reached when winds are sustained at 39
MPH
• Hurricane force winds are defined as being 74 miles per hour or
faster
• National Hurricane Center creates annual lists of names
• Possible restriction, sub-limits or different deductibles may apply
to named storms
• Sandy was declared a “post-tropical storm” just before it made
landfall. New Jersey, New York, Connecticut and Maryland
governors declared Hurricane deductibles would not apply
• Named Storm deductibles and Wind deductibles may still be
applicable
Liberty Mutual Insurance
15. National Flood Program
• Less then 15% of homeowner’s nationally carry flood
coverage
• Replacement cost coverage applies only to a dwelling and
not to commercial structures
• Limits available through flood program generally small
• Biggert-Waters Flood insurance Reform Act of 2012 –
Attempt to make rates more accurately reflect the real risk of
flooding
• Penalties for lenders who fail to enforce requirement to carry
flood insurance
Liberty Mutual Insurance
16. Top Business Risks of 2013 Property Casualty 360
1. Economic Slowdown/Slow Recovery
2. Regulatory/Legislative Changes
3. Increasing Competition
4. Damage to Reputation/Brand
5. Failure to Attract or Retain Top Talent
6. Failure to Innovate/Meet Customer Needs
7. Business Interruption
8. Commodity Price Risk
9. Cash Flow/Liquidity Risk
10. Political Risk/Uncertainties
Liberty Mutual Insurance
17. Resulting Damage from Power Outage
•
•
•
•
Loss of Income
Loss of Heating and Cooling
Food Spoilage
Sump Pump failure and resulting water damage
Liberty Mutual Insurance
18. Power Outages
• Last July a storm swept through the Mid-Atlantic and MidWest causing over a 1 million customers to be without
power for more then 5 days after the storm, including 50,000
Pepco customers in suburban Maryland. State Farm
received an excess of 29,000 claims.
• Post Sandy Nor’easter struck shortly after Sandy knocking
out additional service to homes and businesses and slowed
recovery efforts from prior storm.
Liberty Mutual Insurance
19. Other Causes of Power Outage
• Human Error – 2011 Major electric transmission system
outage in western Arizona and loss of key connection with a
2,150 megawatt nuclear power plant caused 5 million
people to lose power
• Mylar balloons caused a power in Chicago which affected
11,000 customers
• Road Chemicals – magnesium chloride on power lines
acted as a conduit for electricity and caused wooden poles
to catch fire
• Ice Storms
Liberty Mutual Insurance
20. Why do we still have Overhead Lines?
• The county’s power infrastructure was largely constructed
between 1930 and 1970
• Electric Power Research Institute, Inc. estimates cost to bury the
lines is between $5 million and $15 million per mile. These costs
would be passed down to consumers
• Washington estimated it would cost $5.8 billion to bury lines
throughout the city, increasing electric bills by $107 per month
• North Carolina looked into burying their power lines at a cost of
$41 billion. Project would have taken 25 years and raised electric
bills by 125%
• While power companies are investing in transmission upgrades
studies do not indicate a reduction in blackouts
Liberty Mutual Insurance
21. CP 00 10 06 07
e. Utility Services
The failure of power, communication, water or other utility
service supplied to the described premises, however caused, if
the failure:
(1) Originates away from the described premises; or
(2) Originates at the described premises, but only if
such failure involves equipment used to supply the
utility service to the described premises from a source
away from the described premises.
Liberty Mutual Insurance
22. BP 00 03 01 10
B. Exclusions
1. We will not pay for loss or damage caused directly or indirectly by any of the following. Such loss or
damage is excluded regardless of any other cause or event that contributes concurrently or in any
sequence to the loss. These exclusions apply whether or not the loss event results in widespread
damage or affects a substantial area.
e. Utility Services
The failure of power, communication, water or other utility service supplied to the de-scribed premises,
how-ever caused, if the failure:
(1) Originates away from the described premises; or
(2) Originates at the described premises, but only if such failure involves equip-ment used
to supply the utility service to the described premises from a source away from the
described premises. Failure of any utility service includes lack of sufficient capacity and
reduction in sup-ply.
Loss or damage caused by a surge of power is also excluded, if the surge would not have occurred but
for an event causing a failure of power. But if the failure or surge of power, or the failure of
communication, water or other util-ity service, results in a Covered Cause of Loss, we will pay for the
loss or damage caused by that Covered Cause of Loss. Communication services include but are not
limited to service relating to Internet access or access to any electronic, cellular or satel-lite network.
This exclusion does not apply to loss or damage to "computer(s)" and "electronic data".
Liberty Mutual Insurance
23. Extension Endorsements
(b) Utility Services
We will pay for the actual loss of Business Income at the described premises caused by the interruption of service to the described
premises. The interruption must result from direct physical loss or damage by a Covered Cause of Loss to the following types of property
located outside of a covered building described in the Declarations.
(i)
Water Supply Services, meaning the following types of property supplying water to the described premises:
i.
ii.
Pumping stations; and
Water mains.
(ii)
Communication Supply Services, meaning property supplying communication services, including telephone, radio,
microwave or television services to the described premises, such as:
i.
ii.
iii.
(iii)
Communication transmission lines, including optic fiber transmission lines;
Coaxial cables; and
Microwave radio relays except satellites. It does not include overhead transmission lines.
Power Supply Services, meaning the following types of property supplying electricity, steam or gas to the described
premises:
Utility generating plants;
Switching stations;
Substations; Transformers; and Transmission lines.
i.
ii.
iii.
It does not include overhead transmission lines. The most we will pay under this Coverage Extension is $1,000 in any one
occurrence. If the interruption of service is due to an “accident,” coverage will be provided under Additional Coverage Equipment
Breakdown.
Liberty Mutual Insurance
24. Extension Endorsements Continued
A. Coverage
Your coverage for Business Income and/or Extra Expense, as provided and limited in the applicable Coverage Form, is extended to apply to a
"suspension" of "operations" at the described premises caused by an interruption in utility service to that premises. The interruption in utility service must
result from direct physical loss or damage by a Covered Cause of Loss (as indicated in the Schedule) to the property described in Paragraph C. if such
property is indicated by an "X" in the Schedule.
B. Exception
Coverage under this endorsement does not apply to Business Income loss or Extra Expense related to interruption in utility service which causes loss or
damage to electronic data, including destruction or corruption of electronic data. The term electronic data has the meaning set forth in the Coverage
Form to which this endorsement applies.
C. Utility Services
1. Water Supply Services, meaning the following types of property supplying water to the described premises:
a. Pumping stations; and
b. Water mains.
2. Communication Supply Services, meaning property supplying communication services, including telephone, radio, microwave or television services,
to the described premises, such as:
a. Communication transmission lines, including optic fiber transmission lines;
b. Coaxial cables; and
c. Microwave radio relays except satellites.
It does not include overhead transmission lines unless indicated by an "X" in the Schedule.
3. Power Supply Services, meaning the following types of property supplying electricity, steam or gas to the described premises:
a. Utility generating plants;
b. Switching stations;
c. Substations;
d. Transformers; and
e. Transmission lines.
It does not include overhead transmission lines unless indicated by an "X" in the Schedule.
D. The Coinsurance Additional Condition does not apply to this endorsement.
E. The Utility Services Limit Of Insurance, as shown in the Schedule, is the only Limit which applies to the coverage provided under this endorsement,
and is part of, not in addition to, the Limit of Insurance stated in the Declarations as applicable to the described premises.
Liberty Mutual Insurance
25. Civil Authority Coverage & Access Issues
• Civil Authority
We will pay for the actual loss of Business Income you
sustain and necessary Extra Expense caused by action
of civil authority that prohibits access to the described
premises due to direct physical loss of or damage to
property, other than at the described premises, caused
by or resulting from any Covered Cause of Loss.
• Ingress/Egress Issues due to flooding no Civil Authority
Liberty Mutual Insurance
26. Adjusting Power Outage Claims
• Gathering information on cause of the outage
Covered Cause of loss
Power Companies
Other Sources
• Requesting documents to support loss figure
Profit and loss statements
Tax returns
Sales records
• Waiting Periods
• Role of Equipment Breakdown
Liberty Mutual Insurance