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