A.M. BestTV: Through Disaster Simulations, FM Global Uncovers the Science of Loss

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FOR IMMEDIATE RELEASE

OLDWICK - JANUARY 09, 2017 03:40 PM (EST)
This A.M. BestTV episode looks at FM Global’s Research Campus, where its engineers ignite explosions, fire lumber cannons and shake offices every day in an effort to prevent the leading causes of property loss. Click on http://www.ambest.com/v.asp?v=catlab117 to view the entire program.

“FM Global’s common philosophy, which we share with our clients, is that the majority of loss is preventable,” said Tom Lawson, chief executive officer, FM Global. “FM Global looks at loss as something that can be prevented, as opposed to a forgone conclusion.”

The center, which is located in Rhode Island, is a controlled location where experiments involving fire, explosion, hurricane-force winds and vibrations matching earthquake intensity can be conducted. Lawson also spoke about the uniqueness of FM Global. “It’s not just research for research sake,” said Lawson. “It is research that we can apply to help our clients become more resilient and more resistant to loss.” Lawson added that the company does not employ actuaries. “That’s because we think you can prevent loss by identifying it, helping to assess it, and then, most importantly, helping to prevent it,” said Lawson.

Other people that appear in this episode:

• Ronnie Gibson, manager, brand experience, FM Global.

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A.M. BestTV covers exclusive A.M. Best information and reports, targeted topics and key developments in the (re)insurance industry every Monday, Wednesday and Friday. Sign up for alerts of episodes at http://www.ambest.com/multimedia/ambtvsignup.html. View A.M. BestTV episodes at http://www.ambest.tv .

A.M. Best is the world’s oldest and most authoritative insurance rating and information source.