public utility fire

LOSS: This major metropolitan public utility experienced a major fire in the distribution warehouse for primary parts and supplies. The situation appeared to be a catastrophic loss. The public utility and their insurer anticipated a claim in excess of $10 million.

SOLUTION: Skeptical of the measure of the loss and unwilling to accept the easy answer, BGA worked closely with the policyholder to recreate a mutually agreeable and verifiable inventory. BGA then recovered the salvageable inventory and facilitated a sale to a third party.

RESULT: BGA's involvement reduced the estimated loss amount by more than 50%, saved the primary insurer a significant amount of indemnity dollars and insulated the carrier of the second layer of insurance.