1. CILA BUSINESS INTERRUPTION SPECIALIST INTEREST GROUP IS DEPRECIATION A SAVING? SIG CONFERENCE 29 TH OCTOBER 2007

2. Depreciation as a Saving Rental Periods Insolvency Bank Interest Proximate Cause Wide Spread Loss Blighting Engineering – Time Excesses Depreciation as a Saving The Joy of Business Interruption

3. Depreciation as a Saving Q.Is Depreciation a Saving – What is CILA’s position? A.Don’t have a single view but we could: a) Take a vote on it. b) Seek a legal interpretation. c) Pass.

4. Depreciation as a Saving Professional Standards – Compare CILA with Other Professional Bodies Forensic Accounting Seminars

5. Carbon Credits Make-Up at Uninsured Group Plant PD Sub Limit and Expense to Reduce Loss Mitigation Through Movement of Maintenance Period Time Period to be Considered for Adequacy of Sum Insured Inducement Payment to Customers ICW or Not Covered Economic Measure Depreciation Original Loss or New Event Contingent BI Covered, Not Covered, Excluded Application of Deductibles Not Specifically Defined Customers Extensions – Failure to Rebuild Availability of Resources in Catastrophe Losses Projection in Catastrophe Event

6. Depreciation as a Saving Professional Standards – Compare CILA with Other Professional Bodies Forensic Accounting Seminars Preference for Mystery Adjuster Roulette Contract Certainty

7. Depreciation as a Saving Research Past Papers Inconclusive (Definitely) Developed Strategy to Drive Change in Policy Wordings Consultation a)Within SIG Committee b)With Cross Section of External Parties c)With SIG Membership as a Whole Development of the Standard

8. Depreciation as a Saving Currently Lottery Unsatisfactory Individual Insurers Need to Establish Their View UK Insurers do See Depreciation as a Saving – Waiver Could Imply Cost CILA Criteria May Need to be Amended to Meet Individual Insurer Preference Policy Wording Change -Maybe -But Expand to Wider Review Insurer Reaction