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Loss eventAny event during which a threat event results in loss. Scope Notes: From Jones, J.; "FAIR Taxonomy," Risk Management Insight, USA, 2008
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Loss eventPoint in time in an abnormal situation when an irreversible physical event occurs that has the potential for loss and harm impacts. Examples include release of a hazardous material, ignition of flamma [..]
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3 |
Loss eventThe total losses to the ceding company or to the reinsurer resulting from a single cause such as a windstorm.
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