Known Issue 392

Loss Modification factors do not apply on expected lines when the rules include a single peril or combination of more than one peril in the template with multi-peril coded exposure.

Issue ID 392
Summary Loss Modification factors do not apply on expected lines when the rules include a single peril or combination of more than one peril in the template with multi-peril coded exposure.
Description When a Loss Modification template contains exposure-based rules and/or event based rules that contains single peril or more than one peril, the factors do not apply appropriately for the latter peril (in case of more than one peril rule). This issue is observed with multi-peril coded exposure and with Regional (E.g.,10K JP) as well as World event sets.(10K WAP).
Resolved in Touchstone 2024 (12.0)
Date posted 4/15/2024
Software versions affected 11.5, 11.2, 11.0
Feature set Detailed loss
Models
Potential for loss numbers impact Yes
Workaround User can define the exposure rules for each peril separately in Loss Modification Template in the following examples.