This time of year many are loosening their belts and fitting ina second serving of turkey, and many lenders are doing end of yearreevaluations of policy, including risk management policies. This is a perfect time to evaluate whether your physical duediligence policies are protecting you from a double helping ofrisk in your portfolio.
Seismic Risk
During our recent Globe Street webinar on Probable Maximum Loss (PML) Seismic Risk Assessments,I discussed a situation that I see very commonly: brokerscall me and ask which “Where should I take this deal? I’mconcern this property might not pass a PML, so which bank does not havea seismic policy?” Those lenders who do not have a formalseismic risk management policy often get a double dose of seismicrisk:
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