FM Global said in a statement that of its 232 large risk losses last year, 65 were the result of equipment breakdown. (Photo: Fotolia) FM Global said in a statement that of its 232 large risk losses last year, 65 were the result of equipment breakdown. (Photo: Fotolia)

Equipment breakdown now rivals fire loss in both frequency and severity of claims, according to an analysis of large risk losses reported in 2018 to FM Global.

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Victoria Spears

Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].

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