Commercial Property
Crawford & Company has more than 30 years experience in the handling of commercial losses in Asia. The bulk of these are fire losses in residential, commercial and industrial premises.
Besides establishing the causation at times using the expertise of forensic scientists and external consultants in the case of major and suspicious losses, the company is able to bring in restoration specialists in mitigating losses particularly in cases where there will be business interruption claims.
The experience gained by the professional staff have also helped the insurance industry in exposing several major insurance frauds including a S$6 million fire loss in a departmental store in 2000. Some of these cases had been successfully pleaded in courts.
Our professional staff are familiar with local business practices and stock control and recording systems.
Major Losses
Major commercial property losses dealt with by Crawford & Company Singapore include the following :-
- The S$24 million fire that gutted the Robinson's Department Store at Raffles Place in 1972.
- The S$25 million PSA godown fire in 1974.
- A S$12 million fire in a plastics factory in 1987.
- A S$10 million fire in a factory manufacturing video tape in 1998.
- A S$6 million fire at an electronic manufacturer in 1991.
- A US$8 million fire at a petrochemical complex in 1993.
- A S$14 million warehouse fire in Jurong Marine Base in 1995.
- A S$3 million sawmill fire in Sungei Kadut in 1997.
- A S$800,000 claim for theft of integrated circuit chips from a warehouse in 1997.
- A S$2.5 million fire in a warehouse in Penjuru in 1997.
- A S$1.2 million claim for water damage following bursting of a water tank in a factory in Ang Mo Kio in 1998.
- A S$5 million fire at a chemical waste treatment plant at Tuas in 1998.
- A S$6 million fire at an animal feed manufacturer in Woodlands in 1999.
- A S$5 million fire at a duck slaughtering plant in Jurong in 1999.
- A large fire loss in a private warehouse at Kwong Min Road in 2001 involving multiple claimants
For further information,
please contact : Trevor Walker
E-mail : trevor.walker@crawford.com.sg
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