Insurance broker advises companies consider disaster management plans for total grid collapse

[Jan]

South Africans must start thinking about total grid collapse

Several South African insurers — including the state-owned Sasria that covers special risks like riots, strikes, and terrorism — are excluding damages related to the possible failure of Eskom's national grid.

If the grid collapses, GIB Insurance Brokers says it would likely result in a catastrophic event with possible looting and civil unrest, which could lead to severe infrastructure damage across the country.

 

[Dolby]

 

[gregmcc]

^ It's world class for Africa.

 

[Dolby]

^ It's world class for Africa.

I'm not even sure that's true anymore

I think other African cities are surpassing what was - at one stage - a pinnacle city (on this continent)

 

[marhsava]

Another day , another article

 

[Cranjus McBasketball]

What do you mean start? We've been hearing about total grid collapse at least once a month for long enough that I doubt anyone hasn't started thinking about it.

 

[Magnum]

There is no disaster management for a grid collapse. There will be no food, No water, No fuel and no work. You will basically not be able to survive if the power is not restored within a week.

 

[Pythonista]

You're only 3 square meals away from being a savage.

 

[Bliksis]

What are the insurance companies doing in that regard? Besides saving themselves a lot of money by taking themselves out of the equation?

 

[Cranjus McBasketball]

There is no disaster management for a grid collapse. There will be no food, No water, No fuel and no work. You will basically not be able to survive if the power is not restored within a week.

We all saw what a relative few did in less than a week of riots. Take away power, water, fuel, banking, internet, communication - for days to weeks and the destruction will be staggering. Assuming there's even a grid left to switch back on. It will take decades to recover, if ever.

 

[Magnum]

We all saw what a relative few did in less than a week of riots. Take away power, water, fuel, banking, internet, communication - for days to weeks and the destruction will be staggering. Assuming there's even a grid left to switch back on. It will take decades to recover, if ever.

The most valuable commodity will be Ammo.

 

[Athos]

Cool, reduce my insurance premiums...

Oh, wait insurance companies work on the "our bread is buttered on both sides" principle.

 

[wingnut771]

We all saw what a relative few did in less than a week of riots. Take away power, water, fuel, banking, internet, communication - for days to weeks and the destruction will be staggering. Assuming there's even a grid left to switch back on. It will take decades to recover, if ever.

I can promise you that there will be no more squatter camps.

 

[Cranjus McBasketball]

What are the insurance companies doing in that regard? Besides saving themselves a lot of money by taking themselves out of the equation?

It's not about saving themselves money. If the grid collapsed it would bankrupt the insurance industry. There isn't enough money to underwrite that level of claims. They barely covered the riots

 

[wingnut771]

There is no disaster management for a grid collapse. There will be no food, No water, No fuel and no work. You will basically not be able to survive if the power is not restored within a week.

and no insurance companies.

 

[LazyLion]

So... basically we must form our own private militia?

 

[wingnut771]

So... basically we must form our own private militia?

Yes as laws will be non-existent.

 

[Magnum]

and no insurance companies.

Paper Pushers are useless in a post apocalyptic world in any case

 

[Cranjus McBasketball]

The most valuable commodity will be Ammo.

One of my clients is a gunsmith. His place is basically an armoury. We talked about that. Even with that kind of stockpile there's only so long you could hold out.

 

[Magnum]

How many people on this Forum are improvised munition fabricators?