Ic 01 Principles Of Insurance Objectives Contents «DIRECT ✦»

“Proximate Cause,” Kael declared. “Not the nearest in time, but the nearest in efficiency .” They learned that the fire caused a panic, a horse kicked the rowboat, and it shattered before the flames reached it. The was the panic (uninsured), not the fire (insured). The Objective : to find the true, dominant cause of the loss, not just the last event.

A month later, investigators found that a reckless harbor pilot had rammed The Golden Breeze . Kael smiled grimly. “Now for ,” he told Mira. “We pay Mr. Elian today. But tomorrow, we step into his shoes and sue that harbor pilot for the 10,000 gold.” Ic 01 Principles Of Insurance Objectives Contents

“No,” Mira realized.

A week later, a rival merchant, Lady Sephra, tried to insure The Golden Breeze as well. Mira was confused. “Why not?” she asked. “More premiums for us?” “Proximate Cause,” Kael declared