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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

Do You Know Your Earthquake Classifications?

Posted by Robert Lacy on December 4, 2018

When the Big One hits, what kind of damage can you expect? While it’s up to fate as to how intense or severe the quake will be — or when it will happen — the fact is set in stone. Earthquakes can and do happen here.

 

 

In fact, Washington state is second only to California when it comes to earthquake risk, and this is reflected in our earthquake classifications.

  

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Topics: Insurance underwriting, Building Construction, GIS Mapping, Inspections, insurance, Hazards

Soil Liquefaction for Insurance Underwriting

Posted by Joe Nolan on October 23, 2018

 

 

Located along the infamous Ring of Fire, Washington state experiences an earthquake about once every 8 hours[1]. As an underwriter, chances are you have a number of risks on or near a fault line — over 100 known faults crisscross Western Washington and Oregon.

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Topics: Insurance underwriting, PropertyEDGE™, GIS Mapping, Hazards, earthquake, liquefaction, volcanoes

RCP Codes Demystified

Posted by Terry Krueger on August 21, 2018

According to Wikipedia, RCP could refer to Rochester Community Players, Radio Club Paraguayo, or the Romanian Communist Party.

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Topics: Insurance underwriting, loss cost, RCP codes, GIS Mapping, insurance

WSRB – Then and Now

Posted by Bryan Stanwood on May 15, 2018

As you may know, WSRB was founded in 1911. This month, we celebrate our 107th anniversary, which means we’ve been around about as long as many of the insurance companies who use our products. Of course, our products and services have evolved over the decades, but their purpose has not – protecting property and lives. Continually using the best technology and knowledge available, WSRB has been inspecting properties and providing essential underwriting information almost as long as Washington has been a state*.

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Topics: Insurance underwriting, Protection, Washington state, insurance agents, Loss Cost Lookup

The Effects of Soil Type on Earthquake Damage

Posted by Joe Nolan on April 3, 2018

When thinking about the effects of an earthquake, imagine a pebble dropped into a pond. It hits the water creating a circular ripple that weakens the farther it moves from the center.

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Topics: Insurance underwriting, PropertyEDGE™, GIS Mapping, earthquake

The Modified Mercalli Intensity Scale for Earthquake Insurance Underwriting

Posted by Joe Nolan on March 27, 2018

This past St. Patrick’s Day, you may have felt — or heard about — the small earthquake centered in Mercer Island. Though small, it reminds us that we’re in a region prone to quakes.

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Topics: Insurance underwriting, insurance, earthquake

Time to Say Goodbye

Posted by Sandra Bird on December 5, 2017

Tracy Skinner didn’t choose insurance, it chose him. Over his career, which included stints at USF&G, PEMCO, Mattei Insurance Services, Grange, and finally, WSRB, he has helped people in our industry for over 40 years.

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Topics: Insurance underwriting

Re-underwriting Blues

Posted by Tracy Skinner on November 21, 2017

Your agency and book reviews are over, and you realize several books of commercial property are not performing well. You’re asked to come up with a solution. What do you do?

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Topics: Insurance underwriting

The Ins and Outs of Tentative Loss Costs

Posted by Tracy Skinner on August 8, 2017

There is a great deal of misunderstanding about what a Tentative Loss Cost is and how it is developed.  In its most basic form, it is an educated guess. This is where the confusion usually starts.

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Topics: Insurance underwriting