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Bryan Stanwood

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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. 

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Topics: Insurance underwriting, P&C, insurance

To Educate Customers about Earthquake Risk, Look Beyond Fault Lines

Posted by Bryan Stanwood on July 23, 2019

If you needed a reminder that the Pacific Coast faces high risk for earthquakes, we’ve recently had four big ones: two quakes in Southern California over the Independence Day weekend and two quakes north of Seattle early on July 12. Hundreds of aftershocks have followed these four quakes.  

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

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. 

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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.  

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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. 

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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

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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.

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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.

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Topics: Hazards, landslide

Tornadoes in Washington, How Common Are They?

Posted by Bryan Stanwood on January 29, 2019

After a tornado ripped through Port Orchard, Washington in December 2018, the question on people’s minds was how common are tornadoes in the Pacific Northwest. We did some research and found some interesting stats.

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Topics: Risk Assessment, tornado, home owners insurance

On Demand Insurance: Why Niche Players Shouldn't Be Ignored

Posted by Bryan Stanwood on November 6, 2018

In today’s service economy, it’s all about finding a niche. No matter the industry, if there’s a customer need not being filled, someone will find a way to address it. A niche doesn’t have to be sexy or earth-shattering. Even a small innovation can have a sizeable impact.

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Topics: Property and Casualty Loss Control, insurance