Practice for Probable Maximum Loss (PML) Evaluations for Earthquake Due-Diligence Assessments

2016 ◽  
Author(s):  
Keyword(s):  
Due Diligence ◽  
Maximum Loss ◽  
Probable Maximum Loss

Estimating probable maximum loss from a Cascadia tsunami

2009 ◽  
Vol 53 (1) ◽  
pp. 43-61 ◽  
Author(s):  
Dale Dominey-Howes ◽  
Paula Dunbar ◽  
Jesse Varner ◽  
Maria Papathoma-Köhle
Keyword(s):  
Maximum Loss ◽  
Probable Maximum Loss

Prediction of Power Plant Exposure to Economic Losses Through a Property Risk Assessment Methodology

2009 ◽  
Author(s):  
G. J. Orme ◽  
M. Venturini
Keyword(s):  
Risk Assessment ◽  
Power Plant ◽  
Power Plants ◽  
Economic Loss ◽  
Economic Losses ◽  
Published Data ◽  
Assessment Procedure ◽  
Worst Case ◽  
Maximum Loss ◽  
Probable Maximum Loss

In this paper, a procedure for Risk Assessment, which makes use of two risk indices (PML - Probable Maximum Loss and MFL - Maximum Foreseeable Loss) is applied to power plants to evaluate potential economic losses due to risk exposure for two different loss scenarios (probable and worst-case). The paper is mainly focused on Property Insurance aspects, though Boiler and Machinery Insurance and business interruption are also addressed. First, the procedure is applied to provide a prediction of probable and maximum loss as a function of power output. The results allow an estimate of whether the adoption of risk assessment procedures and devices allows an actual payback for plant owners. Second, the economic loss predicted through the risk assessment procedure is compared against real power plant loss values, taken from published data.

Probable Maximum Loss for the Florida Public Hurricane Loss Model: Comparison

2017 ◽  
Vol 3 (4) ◽  
pp. 04017009 ◽  
Author(s):  
Sneh Gulati ◽  
Florence George ◽  
B. M. Golam Kibria ◽  
Shahid Hamid ◽  
Steve Cocke ◽  
...  
Keyword(s):  
Model Comparison ◽  
Loss Model ◽  
Maximum Loss ◽  
Probable Maximum Loss

More on the probable maximum loss

1994 ◽  
Vol 21 (3) ◽  
pp. 319-326 ◽  
Author(s):  
Erhard Kremer
Keyword(s):  
Maximum Loss ◽  
Probable Maximum Loss
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