Abstracts » Insurance

Looking for Halon alternatives

Article Abstract:

Halon and other halocarbons, long considered the ideal fire suppressant, have recently come under close scrutiny for their damaging effect on the Earth's ozone layer. Provisions of the Montreal Protocol, the Clean Air Act and the Omnibus Budget Reconciliation Act have all but guaranteed that such substances will disappear from the market in 1994. Alternative fire suppressants in the works include FE-232, FM 100 and FE 25. The ideal replacement for halon should be environmentally sound and non-toxic, and still be clean, effective and affordable.

Product development, Building materials industry, Environmental aspects, Halocarbons

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Defusing public opposition

Article Abstract:

Risk managers need to honestly communicate the hazards of a company's operations in order to avert the public opposition encountered by the New York Pyrotechnic Products Co after explosions at its Bellport, NY, plant in 1986. Community opposition can also cost the insurance company money by delaying the permits necessary to rebuild after a loss. Instead of putting on a false image, companies should brief public safety officials and inform the media about their safety procedures.

Column, Risk management, Accidents, Public opinion, Industrial locations, Industrial location, Fireworks, New York Pyrotechnic Products Co.

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Leasehold interest insurance: not just cancellation coverage

Article Abstract:

Leasehold interest insurance is often misunderstood, resulting in incorrect types and amounts of coverage, as well as inaccurate estimates of potential losses. This insurance protects against losses caused by cancellation of a lease due to property damage from a covered risk. Another version protects tenants' rights to use property improvements during the lease. Factors for underwriters to consider are valuing advantageous leases and selecting the appropriate interest rate.

Leases, Insurance

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