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.Read More
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
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
These days, it’s easy to access all kinds of data with a click of the mouse. But when we’re faced with information overload, we can forget the basics.Read More
Causes of Loss – Special Form
Special Cause of Loss provides coverage for risks of direct physical loss unless excluded or limited.
Theft coverage is included when using the limit of insurance (LOI) rating method, but it can be excluded.
The Watercraft Exclusion modifies coverage under Special Form. It excludes watercraft damage to retaining walls that are not part of a building, bulkheads, pilings, piers, wharves, or docks.Read More
If you are a WSRB Subscriber, you probably use Protection or PropertyEDGE™, our two programs for finding Protection Class (PC) information and other data in Washington state and beyond.
Although our Geographic Information Systems (GIS) department is constantly updating these map-based systems, you still may occasionally come across a property that doesn’t show up. Over the years, our Customer Service team has developed some tricks of the trade that we’d love to share to make your job easier:Read More
The Washington Surveying and Rating Bureau (WSRB) is revising some Protection Classes in Washington State to more accurately classify fire protection capabilities that reduce fire loss.Read More
Rule 85 in the Washington State Commercial Lines Manual deals with class- and specifically rated risks. Class-rated risks are buildings with occupants that can be fit into a similar category due to their similar exposures to loss and probability of sustaining damage. Certain assumptions are made about buildings and occupants placed in this category. Specifically rated risks are not eligible for class rates and have unique operations, hazards, or other conditions not allowing them to be class rated. These risks also tend to be much larger and more hazardous.Read More
In a recent letter to the US Treasury (FIO), the National Governors Association (NGA) has declared their support of the current model of state-run insurance regulations. Their letter comes in response to a proposed regulatory change that FIO recommended earlier this year. The NGA worries this will institute a dual regulatory process and has stated they “stand ready to defend and protect the state system.”Read More
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