Agriculture

Location: Bahia Blanca, Argentina

• Internal damage to an ammonia converter unit at a nitrogen-based fertilizer plant;
• Measurement of a complicated business interruption loss resulting from lost gross profit on sales during a 12-month indemnity period.

Quantum:

• In excess of US $10 million

Unique Aspects of Engagement

• Worked closely with a market expert in order to identify lower demand during the loss based on global and local economic conditions unrelated to the loss;
• Analysis of potential export pricing and volumes during the loss period for sales to the United States;
• Identification, quantification and removal of the effects of a major drought resulting in reduced demand during the interruption period.

Location: Urziceni, Ialomita, Romania

• Severe flood damage to the insured’s produced finished sugar and packaging materials;
• Measurement stock loss resulting from the flood.

Quantum:

• In excess of US $800,000

Unique Aspects of Engagement:

• Identified and quantified under insurance of approximately 33%;
• Reconciled physical inventory to electronic inventory records.