I think in our case, in our insurance policy, the cap on any claims within a
one-year and five-year period was so low (last I checked), and our quantity
of stuff so high that we'd only recoup enough to replace the physical media
anyway - there'd be no point in haggling over the costs to recreate
intellectual content. So I couldn't really use the insurance coverage as an
argument to the IT department for them to better index their stuff.

Has anyone been in the position of having to prove to the insurer that the
replacement value could be estimated - in other words to defend the
replacment cost estimate by defending the quality of the indexing of
the data that was lost?

thanks,

maureen
On Wed, Jan 20, 2010 at 3:51 PM, Peter Kurilecz <[log in to unmask]>wrote:

> On Wed, Jan 20, 2010 at 4:43 PM, Larry Medina <[log in to unmask]
> >wrote:
>
> >
> > I'm not sure this is entirely accurate.  Following the 1997 fire at
> > Diversified Records in West Pittston, PA, the awards made were in part
> > based
> > on the cost to recreate the records lost... and in this case, some were
> > paper, some were on film, and I'm unsure is any were media based
> electronic
> > data.  http://bit.ly/7isfYV (Article mistakenly identifies location as
> > "west
> > Patterson", but balance is generally accurate.
> >
>
> IIRC the oil and gas company was able to break the cost to recreate the
> records down to individual boxes. In some cases it was estimated that it
> would be a 5-figure cost to recreate one box of records. If you search
> through the listserv archives you'll find several postings about this case
>
> here is a link to a post that breaks down the award
>
> http://bit.ly/7QunnZ
>
> --
> Peter Kurilecz CRM CA
> [log in to unmask]
> Richmond, Va
> http://twitter.com/RAINbyte
> Information not relevant for my reply has been deleted to reduce the
> electronic footprint and to save the sanity of digest subscribers
>
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>



-- 
Maureen Cusack
San Francisco, CA
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