Known Issue 408

Layer max losses are incorrect when Sublimit's PerilSetCode is different than Layer's PerilSetCode

Issue ID 408
Summary Layer max losses are incorrect when Sublimit's PerilSetCode is different than Layer's PerilSetCode
Description Max losses are incorrectly leaking through the limits in sublimit to layer retentions. The issue occurs when a Contract has a Layer and Sublimit, and when the PerilSetCode at these two levels is different (e.g. PEA on layer level and PES on sublimit level).
Resolved in Touchstone 12.2.0 Service Pack
Date posted 6/14/2024
Software versions affected 12.0, 11.5
Feature set Detailed loss
Models
Potential for loss numbers impact Yes
Workaround
Verisk bug 708683