Mr. Elian went pale. “Two hundred bolts are slightly water-stained.”
“Zero,” Mira whispered.
“Proximate Cause,” Kael declared. “Not the nearest in time, but the nearest in efficiency .” They learned that the fire caused a panic, a horse kicked the rowboat, and it shattered before the flames reached it. The was the panic (uninsured), not the fire (insured). The Objective : to find the true, dominant cause of the loss, not just the last event. Ic 01 Principles Of Insurance Objectives Contents
“Exactly. And if another insurer had covered part of the ship, we’d use – splitting the loss fairly between us.” The Objectives : to hold the guilty party accountable and prevent the insured from collecting multiple payments. ” Mira whispered. “Proximate Cause