CATASTROPHE ADJUSTING Charles Morgan
24 October 2005 Miami, Florida USA Hurricane Wilma 24 October 2005 Miami, Florida USA
Christchurch New Zealand Earthquakes Christchurch New Zealand September 2010 February 2011 June 2011 December 2011
Bangkok, Thailand October 2011 Flooding Bangkok, Thailand October 2011
Thailand has an area of 500,000 km² The Ping and Nan rivers join to create the Chaophraya River which drains into the Gulf of Thailand. The King Bhumibol and Queen Sirkit dams on the Ping and Nan rivers hold water reserves for irrigation and provide hydro electric power.
October 2011
November 2011
10 October 2011
5 November 2011
15 November 2011
1 December 2012 Assessment of Loss
Value at Risk Reinstatement Total 217 021 435 add Tools 74 721 526 Total 291 742 961 Sum Insured 140 000 000 Average 48%
Adjusted Loss Reinstatement gross loss 173 933 190 less salvage 100 000 net loss 173 833 190 average 48% payable 83 418 110
Life - Age New Actual Life x Replacement Value = Value
Value At Risk Actual Value subtotal 142 673 342 add Tools 37 360 763 Value at Risk 180 034 105 Sum Insured 140 000 000 Average 78%
Adjusted Loss Actual Value gross loss 135 195 249 less salvage 100 000 net loss 135 095 249 average 78% payable 105 054 178