Izotope Alloy problem

I’m experiencing an error when trying to render using Izotope Alloy in the master section of Wavelab 7. Receive an error message:

A serious error has occurred inside the plog-in 'iZotope, Inc.: iZotope Alloy". Wavelab could control it, but it would be best to save your work and restart Wavelab.

Any one else experiencing this? Any solutions?