Moodysailor
Well-Known Member
Doubt there is any serious research or information sharing. Rigging failure on cruising boats is rare and more commonly of fittings rather than wire. However I expect a common factor in claims is that the rig was over 10 years old. Not surprising because most boats are over 10 years old. This is an association, not necessarily a causal factor, but at some point a decision was taken based on the notion that is you stopped insuring over 10 year old rigs claims would reduce. Once that decision is taken it becomes "fact" and others follow. Doubt there has ever been any assessment that has actually happened. There are many prohibitions in our lives that come about for exactly this kind of thinking with absolutely no before and after evidence to support them.
Many years ago I supervised some research into investment decision making to find out how well actual outcomes marched the predictions on which the decisions were made. Unable to find any meaningful connection for 2 reasons. First lack of data and second the persons who made the decision were long gone and nobody current was interested.
The research only need to be their own, and other insurance companies claim data - it is their business, so they don't need to look much past that. I agree it's probably not much more serious than that. The root cause of failure is probably not important to them, in other words it wouldn't matter if the mast fell down due to wire failure, fatigue due over/under-tensioning or a component failure - the end result is the same, and the claim will be submitted. We may care about those details but I doubt an underwriter does. There are exceptions to this, and I'm sure those who have exotic or experimental materials may have clauses in their contract to that effect.
Root cause analysis tends to happen when there are multiple instances of the same event, which is why insurers tend to share data but in terms of preventing claims on something that is hard (or impossible) to inspect beyond doubt leaves interpretation of historical data, and assumptions from "experts" their best line of defense.
They will also have assessors who are current or ex-surveyors, and there is enough information in the commercial realm regarding metal fatigue and failure that they can draw a defendable reason for their decisions.
Note these are their decisions - they only need to have enough of a risk to make it stack up on a spreadsheet. I'm not saying I agree with it, or don't. I was just saying that I can understand the thought process.