Tag: insurance

Understanding Code Compliance vs. Risk Management

November 17, 2024

In the world of industrial risk management, there’s a crucial distinction between code compliance and true risk consulting that many organizations fail to recognize. This difference becomes particularly apparent when comparing engineering approaches across different market segments, from middle-market commercial operations to multi-billion dollar energy companies. The Code Compliance Trap Many engineers, particularly those serving … More Understanding Code Compliance vs. Risk Management

Performance Testing Gas Processing Plants: Managing Reality vs. Design Capacity

November 14, 2024

In an ideal world, every new gas processing facility would undergo a comprehensive 72-hour performance test at 100% design capacity before final acceptance. However, as risk engineers, we frequently encounter situations where available feed gas volumes don’t match the facility’s designed future capacity. This creates unique challenges in verifying plant performance and managing project risk. … More Performance Testing Gas Processing Plants: Managing Reality vs. Design Capacity

Asset Integrity Management for Transformers

November 7, 2024

Overview This document outlines an asset integrity management program for transmission transformers serving a large metropolitan area. The program covers key considerations around maintenance, age, operating history, and operating profile, as well as when to implement advanced diagnostics and budget for equipment replacement. Maintenance Regular maintenance is crucial for ensuring the reliable operation of transmission … More Asset Integrity Management for Transformers

Harnessing AI for Risk Engineering Efficiency

November 4, 2024

In the face of growing complexity and data-driven decision-making, risk engineers have a unique opportunity to harness the power of artificial intelligence (AI) to transform their practices. This blog post explores the key themes and practical applications of AI in the realm of risk engineering. AI Augmentation for Risk Engineers The video emphasizes that AI … More Harnessing AI for Risk Engineering Efficiency

Integrity Operating Windows for a Refinery

October 28, 2024

Integrity Operating Window (IOW) Program Implementation Plan Phase 1: Foundation (Months 0-6) Initial Assessment & Planning Priority Equipment Selection Key Parameters for Monitoring Phase 2: Development & Pilot (Months 6-12) Establish IOW Limits Documentation Development Pilot Program Phase 3: Full Implementation (Months 12-24) Technology Infrastructure Training Program Roll-out Schedule Phase 4: Optimization & Sustainability (Ongoing) … More Integrity Operating Windows for a Refinery

Should your broker provide a Risk Engineer to advocate for YOU during Risk Assessments

September 28, 2024

Having an engineer from the broker’s side represent the insured during annual risk engineering inspections can be beneficial for several reasons: Why It Might Be Beneficial: Why it might not be beneficial Conclusion: Ultimately, the decision should be based on the specific needs and circumstances of the insured. If the insured’s operations are complex and … More Should your broker provide a Risk Engineer to advocate for YOU during Risk Assessments

Understanding and Managing Corrosion Under Fireproofing in Refineries

August 13, 2024

Corrosion under fireproofing (CUF) poses a significant threat to the integrity of refinery structures and piping systems. Due to the high temperatures and corrosive environments typical of refinery operations, maintaining fireproofing materials is crucial for safety and efficiency. However, fireproofing materials can conceal corrosion, making detection and maintenance challenging. In this article, we’ll explore the … More Understanding and Managing Corrosion Under Fireproofing in Refineries

When does gravel make sense for Solar Facility Fire Protection? I asked AI.

July 11, 2024

A Chat with Bing over Solar Farm Fire Risks and Premium Calculations Sent by you: Help me create a presentation of the cost benefit analysis for a 50 Mw solar farm in California. The issue is whether to clear all vegetation and replace it with gravel or to continue to mow and cut the vegetation … More When does gravel make sense for Solar Facility Fire Protection? I asked AI.