Summary Of Property Damage Control Programs Of The United States Department Of Energy Cy 1979

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ISBN 13 :
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Download or read book Summary of Property Damage Control Programs of the United States Department of Energy CY 1979 written by and published by . This book was released on 1980 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Calendar year 1979 was the second full year of operation of the Department of Energy. This report summarizes the loss experience in overall terms and itemizes facility and program achievements in property protection. Planned projects for CY 1980 are included and several subjects of interest to loss-control specialists are discussed in detail. Property damage from all causes was $2.5 million, of which $0.65 million was due to fire, the major cause of losses in both the Department of Energy and its predecessor agencies. Combined losses for the 2 full years of Department of Energy experience total over $20 million, of which over $13 million is due to fire. The fire loss ratio for 1979 was 0.13 cents for each $100 of property values at risk, more than an order-of-magnitude less than that expeienced by the better class of insured private property. Final decontamination and cleanup costs necessitated by a product spill at a solvent-refined coal pilot plant at the end of 1979 may exceed $2 million. Even including this estimate, the total loss from all causes (fire, explosion, mechanical or electrical damage, acts of nature, radioactive and non-radioactive contamination/cleanup costs, and a variety of miscellaneous causes), would yield a loss ratio of about 1 cent for each $100 of property. This indicated the overall property protection program is exemplary.