Problem
i. What is the Walmart Total Insured Value (TIV) at East Los Angeles and how do you develop this information? This is your guess, but you've justified it with your explanation. Each store is valued between $6M and $8M. The average value of all the contents in any store is $5M. Each store has, on average, 200 employees.
ii. Next, what is your Maximum Foreseeable Loss (MFL) for this location? Be sure to explain MFL.
iii. What events may trigger this MFL? Remember, you're in Los Angeles. You must come up with three scenarios for an MFL.