Loss Control Newsletter – Learning From Shared Experiences
Marsh’s Loss Control Newsletter (LCN) is our flagship energy engineering publication that delivers case studies and best practice techniques to help drive up safety standards and processes.
In this edition of the LCN, our first of 2015, our six core articles examine:
Managing Process Safety: The article provides an analysis of ways in which process safety differs from workplace safety, with some consequences for the management of high hazard processes. It focuses on the different cognitive challenges of process safety management (PSM) rather than the technical content of PSM implementation.
The American Petroleum Institute (API) Releases New First Edition Standards: The API recently issued three new first edition standards to enhance refinery safety. This article looks at what these standards can offer, they include: RP 583 Corrosion Under Insulation and Fireproofing; RP 584 Integrity Operating Windows; and RP 585, Pressure Equipment Integrity Incident Investigation.
The Business Interruption Centre of Excellence (BICOE): Oil, gas, and petrochemical facilities do not operate in isolation; they are part of a complex network with multiple stakeholders. Whether a BI trigger is damage at a business’s own location or at a customer or supplier location, new and “disruptive” business practices demand new solutions. This article examines how Marsh is using its international network of experts to develop new BI solutions.
The Buncefield Vapour Cloud Explosion Mechanism: In 2014, a formal report was issued on the dispersion and explosion characteristics of vapour clouds as observed in the Buncefield incident. The objective was to understand vapour cloud development, characteristics of explosions from large, flat flammable vapour clouds, and the explosion mechanisms that give rise to high overpressures over a large area, as observed at Buncefield. This article reviews the research behind this report and other investigations undertaken in recent years.
Plant Property Valuation for Energy Insurance: Knowing the true value at risk is vital to establish an accurate estimated maximum loss (EML), therefore enabling the setting of appropriate policy limits. However, arriving at an accurate plant property value is not easy. This article considers the importance of establishing accurate plant values, and the considerations to be taken when embarking on a valuation exercise.
From The Archives… Key Lessons to Reduce Risk During Hot Work: Many of the lessons we draw from this article, first written back in 2011, still apply today. The article is a review of Chemical Safety Board information in relation to hot work activities at facilities handling hydrocarbons, which provides some valuable lessons.
In addition to these you will also find articles that address:
- A summary of loss incidents of particular interest from the past 12 months.
- Safety news from around the world.
- An introduction to the new engineers who have joined the Marsh team; strengthening our capabilities.