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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.

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. Ms. Spears is the Associate Director of the Insurance Coverage Law Center and editor of journals on insurance law, banking law, bankruptcy law, energy law, government contracting law, and privacy and cybersecurity law, among other subjects. She may be contacted at vpspears@meyerowitzcommunications.com.

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