EL SEGUNDO, CA-For investors buying commercial real estate in earthquake-prone areas, such as this state, a Probable Maximum Loss (PML) report is a key ingredient in making an investment decision. The problem is deciding which kind of report to get and the fact that the industry doesn’t yet have a standard measuring stick, according to Joe Derhake, president of locally based Partner Engineering and Science, Inc.
“It’s a very flexible document, so it is very important to be specific,” Derhake said during a recent webinar, his firm hosted on the subject. “If you’re just saying ‘Give me a PML,’ that is a bit of a vague request.”
(Stay tuned for a Partner Engineering and Science, Inc., webinar on GlobeSt.com Nov. 1.)
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