One day — when is anybody's guess — a major earthquake will hit Washington state. When it does, what kind of property damage can you expect?
We can't predict the severity of the quake itself, but we can help you better understand how individual properties will hold up during an earthquake.
The new coronavirus and the disease associated with it (COVID-19) will certainly have some effect on property and casualty insurers. The extent of those effects will not become clear until well into the future.Read More
Homes in communities adjacent to a wildland area are at greater risk from wildfires. That risk comes from two sources, one of which might surprise you. There's the possibility of wildfire flames reaching the structure. There's also risk from a small but powerful source: embers.Read More
When you think of property crime, you probably think first of car theft, robbery or vandalism — not arson. But arson is more costly than you might realize. In fact, the FBI reports that the average dollar loss per arson was $17,406 in 2018, the most recent year for which data is available. For industrial/manufacturing structures, the average dollar loss was $100,578.1Read More
Insurance companies operating in Washington state may soon have to comply with new consumer data privacy rules. The state Senate passed a bill known as the Washington Privacy Act on February 14 by a vote of 46 to 1. The bill now goes to the state House.Read More
Although the Richter scale is perhaps the best-known way to measure an earthquake, it's not the only one. The Modified Mercalli Intensity (MMI) scale gives property insurance underwriters more useful information.Read More
Have you tried the new WSRB Earthquake Risks tool? We launched it to help you better understand multiple earthquake-related property damage risk factors. It goes beyond distance to fault line and includes lahar presence, susceptibility to soil liquefaction and more.Read More
Some architectural terms — like lobby and foyer or house and home — are different terms for the same thing. But the same can’t be said of mezzanine and floor. Yes, there’s a difference, and that difference is important for property insurance purposes.Read More
The presence of an automatic fire sprinkler system often reduces advisory loss costs by as much as 50%, and in some cases even more. That makes it possible for insurers to offer customers a premium discount. Sometimes, though, a WSRB inspection gives a sprinkler system a lower mechanical grading than the agent or underwriter expected, reducing the amount of the available discount.Read More
WSRB's commercial property analysts inspect a wide variety of facilities, including warehouses, manufacturing plants, hotels, hair salons, dry cleaners and restaurants. The people running the businesses we inspect often have questions about what we look at, so in this blog post, we answer some of those questions with an inside look at a restaurant inspection.Read More