Water losses may be high on the list of claims professionals’ concerns, but disasters in Tianjin, China, Oakland, California and Fort McMurray, Alberta serve as poignant reminders that fire is still a major cause of insured loss for commercial properties. Risk mitigation measures – such as sprinkler systems – can help reduce frequency and severity. But some insurance professionals point out that the use of plastics in manufacturing, expensive equipment and a lack of alternate facilities can exacerbate the severity of an industrial fire.
Worldwide shipments of 3D printers will grow 108% in 2016 to reach 455,772 units, more than doubling the 219,168 units shipped in 2015, according to the latest forecast from Gartner, Inc. The Stamford, Conn.-based information technology research and advisory company…