LMA – New Property Damage Valuation and Average Clause for Onshore Energy Risks

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Asset values have always been central to insurance and are key in determining the insurability, pricing and retention levels of a (physical) risk. Underwriters have over the years developed various tools and indexes to benchmark values, as a means to assess their accuracy, but the more complicated the assets under review are, the more difficult it becomes to link them to an index.

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