Known Issue 330

U.S. Hurricane precipitation flood losses may be incorrectly returned as zero when the exposure contains duplicate locations for row-wise coding of sub-peril terms and the analysis is run with multiple sub-perils.

Issue ID 330
Summary U.S. Hurricane precipitation flood losses may be incorrectly returned as zero when the exposure contains duplicate locations for row-wise coding of sub-peril terms and the analysis is run with multiple sub-perils.
Description In certain circumstances, the Verisk Hurricane Model for the United States will incorrectly return zero losses for precipitation flood when the analysis is run with either wind or surge sub-perils in addition to precipitation flood. In order for this to occur the following criteria must be met: - The location must be duplicated (row-wise coding) and one of the locations must not include the precipitation flood peril code. - Each of the locations must not include any secondary risk characteristics (either known or unknown). NOTE: Wind and storm surge losses are not affected by this issue.
Resolved inHot fix 9.0.4
Date posted 8/31/2021
Software versions affected 9.0
Feature set Detailed loss
Models Verisk Hurricane Model for the United States
Potential for loss numbers impact Yes
Workaround Import exposure with any secondary risk characteristic assigned as unknown.