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Article: Proof of loss: adjusters "ear" all about expedition's yak loss.(UPFRONT: News, Updates and Other Emerging Strategies from Around the World)
- Article from:
- Risk & Insurance
- Article date:
- September 15, 2005
- Author:
CopyrightCOPYRIGHT 2005 Axon Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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It's one thing to lose a yak crossing a Himalayan gorge. It's quite another proving the loss to an adjuster working for an insurance carrier or broker thousands of miles away in a windowless cubicle--as mountaineer David Breashears explained in a keynote address at the recent conference of the Vermont Captive Insurance Association.
When Breashears and his team lost a yak transporting supplies to base camp at 17,000 feet during a 1996 expedition to Mt. Everest, the team had to file a $250 claim for the animal and a $150 for the saddle.
The hapless yak lost its footing and plunged hundreds of feet through a narrow gorge, landing in a river fed by ice-cold ...