Known Issue 386
When a mini-policy (MP) deductible is present on a location and the contract has layers and sub-limits and the analysis is run with specific save results [by location] and [save by coverage] then total Gross losses are not accurately back-allocated to coverage. Total Gross by location is correct.
Issue ID | 386 |
Summary | When a mini-policy (MP) deductible is present on a location and the contract has layers and sub-limits and the analysis is run with specific save results [by location] and [save by coverage] then total Gross losses are not accurately back-allocated to coverage. Total Gross by location is correct. |
Description | When a mini-policy (MP) deductible is present on a location and the contract has layers and sub-limits and the analysis is run with specific save results [by location] and [save by coverage] then total Gross losses are back-allocated to coverages [A, C & D], instead of only to coverages [A and C]. This makes the back-allocated layer Gross loss to location and coverage incorrect. However the back-allocated total GR by location is correct. |
Resolved in | Touchstone 2024 (12.0) |
Date posted | 2/29/2024 |
Software versions affected | 11.5 |
Feature set | Detailed loss |
Models | Varies |
Potential for loss numbers impact | No |
Workaround |