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Joined 2 years ago
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Cake day: June 20th, 2023

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  • Insurance is literally a market of risk assessments. The odds of any given event are x, y and z and the cost of each of those events are a, b, and c. Take the number of people who are applying for policies and spread the cost based on the risks and figure out how much each needs to pay to be able to cover x, y or z should/when any of them occur. There’s discussions to be had on how much a percentage of profit should be allowable on the top and how much to subsidize on known high risk coverage that is not mathematically reasonable but it all boils down to buying risk based on the chance and cost of any given event happening. Act of God/Force Majeure make complete sense when framing it this way. The insurance policy is based on known and predicted risks. You don’t have volcano insurance in NJ and you don’t have hurricane insurance in Kansas because they aren’t expected disasters so they aren’t included in the risk calculations. Act of God is a catch all term for things beyond the expected scope of the policy which is based on clearly established limits and scenarios.










  • It depends on what causes the fire. There is a shutoff valve at the top of the pylon that should cut fuel and hydraulic lines to prevent anything combustible going into it. If the fire is caused by a fuel issue outside of that, such as a leak above the valve, the halon will not be able to extinguish it. The halon also discharges into the cowling so if the cowling is compromised it can’t extinguish it, or if the fire is inside the core or in the tailpipe it won’t make a difference. Finally, it’s designed so that in the worst case that pylon will simply burn clean off the wing leaving the rest of the plane and 3 other engines to continue flying. If I had a fire like that in a mountainous region I wouldn’t even touch the fire handle until after I get to a safe altitude. So long as the engine is producing thrust the fire spitting out behind it doesn’t really concern me that much for a short while.