RSS header 3 Block

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.

Read More

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

What are Loss Costs and Loss Cost Multipliers? – Part 2 in the Basics of Commercial Lines Rating series

Posted by Terry Krueger on November 7, 2017

Our blog series, The Basics of Commercial Lines Ratings, offers a refresher course on the fundamentals. In Part 1, we looked at the components needed for developing a commercial property rate. In Part 2, we explore loss costs and loss cost multipliers.

Read More

Topics: loss cost, property rating

Enhancements to Make Loss Cost Lookup Easier

Posted by Tracy Skinner on April 5, 2017

The WSRB Subscriber site is in constant evolution to ensure we provide you with a top-line experience that adds value to your work. As part of the enhancements to the site, we have added an easier-to-use map search function to the Loss Cost Lookup. 

Read More

Topics: loss cost

One Size Sprinkler System Does Not Fit All

Posted by Robert Lacy on May 9, 2016

by Robert Lacy

A company’s storage design (what they're storing and how they’re storing it) determines the sprinkler system for a building. The amount of combustibles stored based on height, storage arrangements and materials all affect how fast a fire grows and thus the amount of water needed.

Read More

Topics: Automatic sprinkler systems, loss cost, rating bureau, Field inspections, GIS Mapping, Inspections, Home Fire Protection

Northwest Residential Fire Sprinkler Summit

Posted by WSRB on September 2, 2014

WSRB would like to encourage you to attend the Northwest Residential Fire Sprinkler Summit on Thursday, Sept. 18th, at the Heathman Lodge in Vancouver, WA. This event is an excellent opportunity to get connected to the issues, the experts, the advocates, and the resources. CEUs are available.

Read More

Topics: Automatic sprinkler systems, Home safety, loss cost, Building Construction, Home Fire Protection

Important Notice Regarding WSRB Specific Loss Costs and Commercial Property Reports!

Posted by WSRB on December 11, 2013

Specific Loss Cost and Reports Retired

 

About this time of year, WSRB reviews its inventory of Specific Loss Costs and Commercial Property reports and retires those that are getting old. If you are looking for one of these, we have retired the following, effective December 9th:

  • Non-Sprinklered Specific Loss Costs older than 25 years.
  • Class Rated risks that have no reports attached to them.

Automatic Sprinklered risks have not been affected.

Read More

Topics: Insurance underwriting, loss cost, property reports, rating bureau, GIS Mapping, insurance

Public Protection Class Grading 9A vs. 10

Posted by WSRB on October 22, 2013

 

Prior to 2010, for a dwelling property to avoid receiving a Protection Class (PC) 10, it had to meet certain criteria:

  1. It had to be within the boundaries of a fire district or city AND
  2. It had to be within 5 road miles of a recognized responding fire station

Any dwelling property more than 5 road miles from a recognized responding station, but in the boundaries of a district, would receive a PC 10, meaning it was treated as though there were no fire protection at that address. But this didn’t reasonably reflect the response capabilities of the fire district to which a homeowner was paying taxes. This not only made it more difficult for homeowners to receive insurance but was also a source of frustration to the fire chiefs.

Read More

Topics: Insurance underwriting, loss cost, PC 10, Protection class, fire hydrants, insurance, Home Fire Protection

WSRB Subscriber Services - Customer Service

Posted by WSRB on July 3, 2013

At WSRB, we pride ourselves on our customer service. Any time you have a question or concern, you can call us and speak to an actual person, not an automated system.

Read More

Topics: loss cost, property rating, Protection class, GIS Mapping, Subscriber Services

WSRB Subscriber Services - Loss Costs & Tentative Loss Costs

Posted by WSRB on May 22, 2013

 

 
Loss Cost Risk Search tool

 

Loss Costs

Once an inspection is done and loss costs developed for a property, this information is added to our database of thousands of previously inspected buildings. Our database of loss costs is available to all of our subscribing agents and underwriters at no charge.

Read More

Topics: Insurance underwriting, loss cost, GIS Mapping, insurance, Subscriber Services

Commercial Buildings - Top 10 Safety Issues You Need to Know

Posted by WSRB on May 20, 2013

Owning a commercial building or business means having to stay on top of safety issues that you may not otherwise encounter. If you have employees or customers coming in and out of the building, you have the added responsibility of protecting them from unsafe practices as well. During our commercial property inspections, our field reps encounter all kinds of unsafe conditions and fire hazards that affect insurance loss costs. Here are our top 10:

Read More

Topics: Insurance underwriting, loss cost, property risk inspections, GIS Mapping, Inspections, insurance