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GV Interior Lloyd's office
MV Men at work at desks
CU Lutine Bell - tilt down to crest beneath it
GV Floor (as in (1)
Aerial view tanker - pan along side submerged in water
CU Ledger book - "Olympic Bravery" written in with a quill
GV Floor of Lloyds (2 shots)
MCU Men with paper-work (2 shots)
CU Working calculator Zoom out MV
MV's men at work
CU Type-written printout from machine
MV Man hanging up printout from machine on notice-board Men reading them
Aerial view sinking oil rig
MV Wreckage from air crash Various shots
MV Group of men
CU Pile of papers
MV Two men discuss business at desk
MV 2 men as in (22) Zoom in as one signs document
"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"
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