RSS header 3 Block

Bryan Stanwood

Find me on:

Recent Posts

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  

Read More

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

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.  

Read More

Topics: Insurance underwriting, P&C

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. 

Read More

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

Have Your Say: AM Best’s Innovation Scoring Method Open for Comment

Posted by Bryan Stanwood on September 24, 2019

Innovation has become so important to the insurance industry that rating agency AM Best will soon begin evaluating insurers’ innovation abilities. Exactly how that evaluation will work is still being determined, and if you’d like to voice your opinion on how it should work, you still have a little time. 

Read More

Topics: Insurance underwriting, P&C, insurance

Help Homeowners Prevent Water-Related Property Damage

Posted by Bryan Stanwood on July 16, 2019

Sometimes, a small investment in home maintenance can prevent thousands of dollars in damage if something breaks. And, as insurers know, something will eventually break. 

Read More

Topics: Home safety, insurance, insurance agents, home owners insurance

WSRB: Celebrating Another Year of Service and Innovation

Posted by Bryan Stanwood on May 14, 2019

Today, WSRB offers insurance companies instantaneous access to data, both on our website and integrated directly into policy administration systems. We’ve come a long way since our founding in 1911, decades before the technology we now take for granted was invented.  

Read More

Topics: Insurance underwriting, property rating, rating bureau, Washington state, fire departments, public protection

Help Your Customers Protect Their Homes with Smart Devices

Posted by Bryan Stanwood on April 30, 2019

Insurers have a long history of giving customer discounts for installing devices in their homes that reduce risk, such as alarm systems and automatic water-shutoff valves. Today’s smart home technologies are evolving quickly and giving consumers new ways to protect their property and belongings. 

Read More

Topics: Home safety, Washington state, insurance, Home Fire Protection, insurance agents, renters insurance, home owners insurance

The Commercial Property Market Remains Hot, Making Now the Time to Understand Co-insurance

Posted by Bryan Stanwood on April 2, 2019

Many major urban areas feel like crane forests these days. In Chicago, 42 high rises are under construction,1 and in the San Francisco Bay Area, the largest construction projects collectively cost $22 billion, more than the gross domestic product of 80 countries.2 Central Seattle is home to 66 major construction projects, with 4.5 million square feet of office space slated to open this year.3

Read More

Topics: P&C, Building Construction, insurance, insurance agents

Cryptic Insurance Language - Part 2

Posted by Bryan Stanwood on March 5, 2019

In response to our blog about the cryptic language of insurance, many of you have asked for a sequel. Insurance is full of confusing terms, so we are all too happy to oblige. Hopefully we can shed a bit of light into the darkness with the following clarifications.

Read More

Topics: insurance, home owners insurance

The Snow is Melting, But Hazards Remain

Posted by Bryan Stanwood on February 20, 2019

Now that the snow in Western Washington is beginning to melt and life is slowly returning to normal, it’s tempting to let your guard down. But melting snow brings with it some special hazards to be aware of and prepare for.

Read More

Topics: Hazards, landslide