Ic 01 Principles Of Insurance | Objectives Contents

“No,” Mira realized.

“Proximate Cause,” Kael declared. “Not the nearest in time, but the nearest in efficiency .” They learned that the fire caused a panic, a horse kicked the rowboat, and it shattered before the flames reached it. The was the panic (uninsured), not the fire (insured). The Objective : to find the true, dominant cause of the loss, not just the last event. Ic 01 Principles Of Insurance Objectives Contents

A week later, a rival merchant, Lady Sephra, tried to insure The Golden Breeze as well. Mira was confused. “Why not?” she asked. “More premiums for us?” “No,” Mira realized

She was ready. The principles weren’t a puzzle to solve. They were a promise to keep. The was the panic (uninsured), not the fire (insured)

Kael shook his head. “Does Lady Sephra own the silk? Does she owe money on the ship?”