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What Property Insurance Professionals Need to Know about Soil Liquefaction

Posted by Zhu Zhu Xiao on December 10, 2019

Our new Earthquake Risks tool gives you easy access to information on multiple earthquake-related data points for any location in Washington state. One of those factors is susceptibility to soil liquefaction. In previous blog posts, we’ve talked a little about what soil liquefaction is and the damage it can cause. Today, we’ll go into more detail about liquefaction and what can be done to reduce its potential impact. 

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Topics: Insurance underwriting, Hazards, earthquake, liquefaction

To Educate Customers about Earthquake Risk, Look Beyond Fault Lines

Posted by Bryan Stanwood on December 4, 2019

Western Washington is one of the most earthquake-prone places in the country,1 yet only 11.3% of homeowners in the state have earthquake insurance, and just 43.2% of commercial properties have coverage.2  

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Topics: property rating, risk, Washington state, Hazards, Risk Assessment, landslide, earthquake

Inside a WSRB Visit to a Fire Department

Posted by Daryl Girnus on November 20, 2019

Every WSRB Protection Class (PC) evaluation includes an in-person visit from one of our fire protection analysts. We’ll be making more than 100 visits next year, so we want to give you an inside look at one of them. 

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Topics: Protection class, Washington state, fire departments, public protection

What the Hardening Market Means for Agents and Underwriters

Posted by Bryan Stanwood on November 12, 2019

Pricing commercial insurance coverage is always part art, part science. Underwriters must consider not only their company’s risk appetite but also what a competitor might charge.  

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Topics: Insurance underwriting, P&C

Commercial Buildings: Top 10 Risk Issues

Posted by Robert Lacy on November 6, 2019

WSRB’s commercial property analysts inspect hundreds of buildings each year for Subscribers. When they’re in the field, our inspectors encounter all kinds of risky conditions and fire hazards that affect insurance loss costs.

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Topics: Insurance underwriting, loss cost, property risk inspections, insurance

How WSRB Determines the Protection Class for Each Property

Posted by Robert Ferrell on October 29, 2019

WSRB answers many questions about Protection Classes (PCs) for properties in Washington state. Over the years, we’ve found that some people are surprised to learn that not every property has the same Protection Class as the community it’s in.   

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Topics: PC 10, Protection, Protection class, fire hydrants, fire departments, public protection

BCEGS: How it Can Help You Make Better Underwriting Decisions

Posted by Bryan Stanwood on October 22, 2019

The pictures of places affected by an earthquake, severe storm or other natural disaster often have a puzzling feature: some homes and buildings have survived while others have been reduced to rubble. One answer to the puzzle relates to the local area’s building codes. 

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Topics: BCEGS, Insurance underwriting, Building Construction, code enforcement, Risk Assessment

Preparing for a Protection Class Evaluation

Posted by Robert Ferrell on October 15, 2019

Every year, the WSRB Public Protection team evaluates communities across Washington state to determine their Protection Class (PC). In 2020, we’ll be evaluating more than 130.

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Topics: Protection class, fire protection classes, fire departments, public protection

The High Cost of Firefighting Equipment

Posted by Eric Cunningham on October 8, 2019

Every community needs a well-equipped fire department to protect residents’ homes and lives as well as local businesses. But have you ever stopped to wonder how much all the necessary equipment costs? The short answer: more than you probably expect. The more complete answer: there are many reasons for these high costs, so let’s explore them.   

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Topics: fire departments, public protection

To Get the Right Data, Start in the Right Place: Part 2

Posted by Zhu Zhu Xiao on October 1, 2019

Most of the time, ZIP codes improve accuracy. When the U.S. Postal Service (USPS) delivers mail, ZIP codes increase efficiency. When you use a retailer’s website to find local stores, ZIP codes quickly give you useful results. When you use one of our products, an accurate street address-ZIP code pairing will ensure you’re getting data on the right property.  

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Topics: Protection class, GIS Mapping, Risk Assessment, flood insurance, liquefaction