• Short Summary

    Description not available

  • Description

    1.
    GV Interior Lloyd's office
    2 ft

    2.
    MV Men at work at desks
    4 ft

    3.
    CU Lutine Bell - tilt down to crest beneath it
    9 ft

    4.
    GV Floor (as in (1)
    12 ft

    5.
    Aerial view tanker - pan along side submerged in water
    28 ft

    6.
    CU Ledger book - "Olympic Bravery" written in with a quill
    39 ft

    7.
    GV Floor of Lloyds (2 shots)
    51 ft

    8.
    CU Reporter
    59 ft

    9.
    MCU Men with paper-work (2 shots)
    64 ft

    10.
    CU Man
    66 ft

    11.
    CU Working calculator Zoom out MV
    71 ft

    12.
    MV's men at work
    86 ft

    13.
    MCU Machines
    95 ft

    14.
    CU Type-written printout from machine
    98 ft

    15.
    MV Man hanging up printout from machine on notice-board Men reading them
    104 ft

    16.
    Aerial view sinking oil rig
    113 ft

    17.
    MV Wreckage from air crash Various shots
    130 ft

    18.
    CU Official
    144 ft

    19.
    MV Interior
    147 ft

    20.
    MV Group of men
    150 ft

    21.
    CU Pile of papers
    152 ft

    22.
    MV Two men discuss business at desk
    158 ft

    23.
    CU Paperwork
    161 ft

    24.
    MV 2 men as in (22) Zoom in as one signs document
    167 ft

    25.
    MCU Reporter
    178 ft


    "One the morning of January 19th a hush fell over the underwriting room at Lloyds of London"



    the ritual single stroke of the bell announced the loss of the supertanker Berge Istra in the Pacific.. it was insured for $27 million, most of it by Lloyds of London



    A month later another super-tanker Olympic Bravery ran aground off the coast of France....the tanker broke apart and was declared a total loss the Olympic Bravery was insured for $50 million making it the most expensive maritime loss name Olympic Bravery was written in the ledger book which has been used to record major shipping losses for more than 200 years



    The insuring of ship & their cargo is the mainstay of business here as it has been since 1688



    Lloyds of London operates now....on a much larger scale



    Wealthy businessmen, now called underwriters still put up their private fortunes to guarantee against losses Lloyds of London merely provides a market place - where members...can meet with brokers to negotiate insurance cover



    Ian Spur (?) is a typical underwriter he's been at Lloyds for 15 years ...a part-time pilot he specialises in writing high-risk aviation insurance



    To have a desk here........has to prove he has a personal net worth of at least 150,000 dollars.



    ......largest marine intelligence network in the world keeps track of the daily movements of at least 18,000 ships ....when a vessel reports she is in trouble word is relayed here in minutes .....posted on a casualty board..in recent months there have been some spectacular ones.



    When the Norwegian oil rig deep sea drill keeled over.......one third was insured by underwriters at Lloyds



    The crash of a Turkish airlines DC 10 near Paris....could cost Lloyds as much as 200 million dollars, most expensive insurance claim in history.....a California court has awarded 1 1/2 million dollars to the family of just one of the 344 passengers who died



    A Loyd's official said this high damage award will have a major effect



    COMM:"While most underwriters are involved in marine and aviation insurance you can find someone on this floor who will cover virtually any risk



    from a wine-taster's palate to a movie star's legs



    In this case the broker wants the underwriter to insure the face and voice of an American sports commentator for 250,000 dollars



    After agreeing on a premium rate the underwriter signs the policy....



    Even though they have to pay out.....the underwriters make money, lots of it lost near.....a profit of 184 million $'s"




    Initials



    Script is copyright Reuters Limited. All rights reserved

  • Tags

  • Data

    Film ID:
    VLVACOEH1W9F7BKKAPDOY9DPRJ10C
    Media URN:
    VLVACOEH1W9F7BKKAPDOY9DPRJ10C
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    01/01/1976
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:04:45:00
    Time in/Out:
    /
    Canister:
    N/A

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