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At the company I worked at a sprinkler system failed on top of 2 racks of servers about a year ago, they were drenched. We dried them out, insurance was called,
by xelfer 17y ago
At the company I worked at a sprinkler system failed on top of 2 racks of servers about a year ago, they were drenched. We dried them out, insurance was called, we got paid whatever they were insured for.
Finally, a time to upgrade this mass of beige boxes and randomly built servers.. or so I thought.
Instead, the insurance money was put towards paying salaries.. the servers that got flooded are still in production a year later.. and 30 of us were laid off.
- giardini 17y agoI believe that is insurance fraud and is criminally prosecutable. The insurance company involved, if not the local district attorney,would be interested in hearing this story.
- anamax 17y agoWhere's the insurance fraud. Are you saying that they didn't have a loss or that they didn't use the insurance money appropriately? If the latter, you're wrong. You're free to use the insurance money any way that you'd like. For example, the cost to repair a car back to its "original condition" is often much higher than its value even though the car is still driveable. In that case, the insured is free to take the money, buy the car for its current value, which is significantly less, and pocket the difference. If your house burns down, you're not obligted to rebuild.
- bhousel 17y agoIt sounds like the servers weren't actually ruined, so commenter was implying that there was no actual loss. What stuck me as odd about the story is how "2 racks" of "beige boxes and randomly built servers" could come anywhere close to being as valuable as people's salaries. I think if people are getting laid off, it would happen one way or another, regardless of the insurance money..
- xelfer 17y agoI made that exact comment to them at the time, they claimed it wasn't fraud.