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What is Estimating Maximum Loss in Refineries about?

This document discusses estimating maximum losses (EML) for refineries and chemical plants from a variety of risks. It notes that insurance claims for material damage and lost profits amounted to over $3 billion in 1989. The objective is to estimate the worst possible loss as quickly as possible. It discusses defining EML, exposures to perils like fire and explosion, losses from natural hazards, human factors, and methodology for estimating maximum losses, with a focus on vapour cloud explosions which often

Author

Himanshu Sharma

Language

EN