ISO Enhances General Liability Guide with New Classifications

NEW YORK, August 19, 1998 — Insurance auditors, underwriters, agents and brokers can now more easily determine exposure and premium base for risks with Insurance Services Office, Inc.'s (ISO) new supplement to its General Liability Classification Guide.

With accurate information, supplement users can make better underwriting and liability-coverage decisions.

The General Liability Classification Guide, the most comprehensive information and analytical resource of its kind in the property/casualty industry, is published by the Premium Audit Advisory Service (PAAS) of ISO's American Insurance Services Group (AISG) unit.

The Addendum includes 42 new classifications and 52 revised classifications. It also expands the explanatory descriptions of many of the 1,100 general liability classifications referenced in ISO's Commercial Lines Manual.

The Guide's Addendum provides detailed information on each new classification, including contemplated operations, new code numbers, new and expanded explanations of liability classifications for a wide range of business entities, applicable premium base and related codes. The updated information enables users to apply the correct classification to better assess underwriting risk, ascertain accurate premium and expose potential insurance fraud. The Addendum to the Guide is priced at $35.

Release: Immediate

Contacts:
Giuseppe Barone / Erica Helton
MWW Group (for ISO)
201-507-9500
gbarone@mww.com / ehelton@mww.com