PCS Global Large Loss provides independent third-party industry loss estimates on large non-elemental risk loss events of at least $250 million. The industrywide insured loss data set goes back to 1989 and captures estimates for physical damage, business interruption, and liability for roughly 80 historical events. Liability is included in the loss, however, the focus of the solution is property, so there must be a property loss for liability to be reported.
PCS Global Large Loss uses the specialty-based methodology developed for the PCS Global Marine and Energy and utilized in all other PCS Global specialty lines.
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