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AREAS OF ANALYSIS
The Price of an Incident:
According to a 2012 report by the Energy Practice of Marsh Ltd., a division of insurer Marsh McLennan, the 100 largest property damage losses analyzed within process industries from 1972 to 2011 represent approximately $33 billion in property damage, stated in 2011 prices.
Loss values include replacement of damaged equipment along with property damage, debris removal, and cleanup costs. The estimate does not include the costs of business interruption, extra expenses, or employee injury and fatality liability claims.
Learn how a safety system allows the safety system designer to choose the level of integration appropriate for the specific application and control philosophy.
A series of explosions occurred at the BP Texas City refinery during the restarting of a hydrocarbon isomerization unit. Analyze the Incident
When disasters like the Sayano–Shushenskaya hydroelectric power station collapse in Khakassia, Russia, occur, it is difficult to…
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