the probable maximum loss
...务: 三、实施安全调查: (一)最大的可能损失(The possible maximum loss) (二)可能的最大损失(The probable maximum loss) 辨认各种风险的方法 第一种途径: 采用保险业或有关学会设计成之标准表 格辨认风险。
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the probable maximum loss
可能的最大损失
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Berkley said industry risk models have all but abandoned the once common indicator known as "Absolute Maximum Loss, " preferring to base premiums on the more conservative "Probable Maximum Loss" calculation, which lowers damage estimates by factoring in long odds of catastrophic events.
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