Known Issue 341
Loss Modification factors do not apply on expected lines when using a template that has rules defined by event parameters and location characteristics separately.
Issue ID | 341 |
Summary | Loss Modification factors do not apply on expected lines when using a template that has rules defined by event parameters and location characteristics separately. |
Description | When a Loss Modification template contains separate rules that are either event- based or exposure-based, the factors specified in the exposure-based rule do not apply as expected. This affects only those rules where the event-based and the exposure-based rules are for the same peril. |
Resolved in | Touchstone 2022 |
Date posted | 6/27/2022 |
Software versions affected | 9.0, 9.1 |
Feature set | Detailed loss |
Models | All |
Potential for loss numbers impact | Yes |
Workaround | If the rules are for the perils of earthquake, tropical cyclone and terrorism, it is possible to get exposure-based rules to apply correctly by coding a dummy event parameter for the rules that don’t have one. This workaround will not apply if the rules are for other perils. |