An announcement from the Oklahoma Insurance Department identifies certain lines of business that are now exempt from form filing requirements.
The "all-risk" policy had a specific exclusion for damages caused by "any item['s]...own explosion mechanical or electrical breakdown, failure breakage or derangement."
Questions application of coverage for electric cables under Equipment Breakdown form EB 00 20.
This question came to us in two parts. There was damage to computer systems due to an intentional load reduction by a utility. The first question looked for coverage under equipment breakdown, but then this led to question of where coverage can be found for rolling blackouts. Is there coverage under the utility services interruption endorsement or equipment breakdown; or if not these, then where?
IL 09 52 01 15 Cap on Losses From Certified Acts of Terrorism
Brief history of the changes in boiler and machinery insurance up to and including the program name change.
Joint Loss Agreements April 4, 2016 Gas Combustion Explosion vs. Pressure Vessel Explosion Introduction The Insurance Services…
Offers an analysis of EB 00 20, equipment breakdown coverage form.
Boiler and Machinery/Equipment Breakdown Insurance June 4, 2012 Introduction Summary: Boiler and machinery insurance was viewed…
Capitalization RequirementsState-By-State Survey October 21, 2014 Summary: When an insurer wishes to enter a state as an admitted…