Known Issue 137

The default premium rates in the Crop-Combined and Livestock-Combined lines of business (LOBs) for year 2022 are not representative.

Issue ID	137
Summary	The default premium rates in the Crop-Combined and Livestock-Combined lines of business (LOBs) for year 2022 are not representative.
Description	The default premium rates in the two combined LOBs are just the arithmetic mean of the constituent LOBs. They do not reflect any weighting by the industry insurable exposure for each province or county.
Resolved in	Touchstone Re 11.5
Date posted	6/13/2023
Software versions affected	11.0
Feature set	Loss analysis
Models
Potential for loss numbers impact	Yes – using the default rates will for either of the impacted LOBs will provide unrealistic results.
Workaround	For any loss analysis using premiums in either of the combined LOBs, we recommend either updating the default rates in the Admin Console or entering rates into the exposure set to override the default rates. Contact your Verisk representative for our suggested default rates for these LOBs..