For commercial-lines insurance, Preli says whether a business will purchase earthquake coverage is "largely dependent on a company's risk tolerance, which varies depending on a myriad of factors," such as who the company's customers are and what requirements a company's board sets.
"You can have the best-protected building and plant in operation that would have minimal damage [from an earthquake], but the board of directors still requires purchase," Preli says.
Preli notes an earthquakes will not just impact one insured in a given area, but rather many at once.
Like personal-lines, Preli says commercial earthquake insurance is normally a separate coverage purchased with its own limit and deductible.
Each policy, Preli says, offers separate limits, and therefore more overall coverage, and has separate deductibles.
Magistrale and Preli both note, though, that even structures built to code are designed with the idea of saving lives; not necessarily limiting property damage.
But for Magistrale and Preli, who have been around a lot of earthquake-damaged areas, the scene was what they expected: bricks and cinderblocks were among much of the rubble discovered, from buildings not designed to withstand earthquakes.
Preli adds he is not aware of any well-designed building in the area suffering any significant structural loss.
Shell Senior Engineer Tom Preli, who is responsible for managing the engineering and construction of the offshore pipeline, the MP 260 platform and the onshore slug catcher, said, "Offshore pipelay operations started on Dec.
According to Preli, the Castor Sei, brought into the Gulf from the North Sea was well suited for laying the 36-inch pipeline in the winter sea conditions.
Both Preli and Purcell said they were impressed with the quality of the welds and lay rates achieved with the automatic joint welding system aboard the Castoro Sei.