Create treaty loss occurrence

Applies a loss occurrence record to a treaty that limits the liability of that treaty to loss occurrences.

A loss occurrence record is an adjustment to a catastrophe treaty that defines terms that limit the liability of that treaty to loss occurrences resulting from catastrophe events. A loss occurrence record may be applied to a catastrophe treaty when analyzing risk to exposures using HD models.

Each loss occurrence record is applicable to a single HD model (regionPeril). The loss occurrence record may define an hours clause (lossOccurenceRadius), a radius clause (lossOccurenceRadius) and whether whether the treaty allows for multiple loss occurrences for the same catastrophe event.

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Note

Add no more than one loss occurrence record per HD model (regionPeril) per treaty. For example, a single catastrophe treaty can have one loss occurrence for USWF to define an hours clause and a radius clause and one loss occurrence for USFL to define an hours clause. A catastrophe treaty cannot have two separate loss occurrences for USWF models that define distinct clauses in each.