Loss Cost

What to look for when underwriting a general liability policy

Underwriters today have a thirst for reliable data but often face daunting research challenges to find it. They also face disjointed data sources that provide inaccurate and incomplete information....

General liability classification shouldn’t be a guessing game

Other than historical loss experience, there are three fields on an insurance application that lay the groundwork for a general liability quote: address (territory), exposure (sales, payroll, squar...

Risk selection for general liability underwriters

Typically, when a general liability underwriter receives an application for insurance, the first task is to quickly determine if it’s a risk that can be written based on their underwriting...

Playing Restaurant Roulette with General Liability

There are more than 1 million restaurants in the United States, and anyone who’s ever eaten out can attest to the fact they are not all alike. From fast food joints and greasy spoons to haute cuisi...

Deep dive on ProMetrix: Next Generation

Numbers are curious things. The overused business expression for seeing something from a high level is “a 30,000 foot view.” Professional divers, however, define a “deep dive” as anything from 60 t...

The power of high-risk notifications — actually of on-site surveys

Sometimes the best way to make a point is to tell a simple story. An excess and surplus (E&S) lines insurer customer ordered an on-site survey for a multiuse building in a large city. When the Veri...

Engineering a loss cost for competitiveness

If you’re an underwriter, you probably spend more time dealing with loss costs than you’d like. It can be frustrating because it’s a driver of your underwriting and pricing, but because it’s a file...

Drone Coverage: Coming Soon to a Policy near You

As companies around the United States look to integrate drones, or unmanned aircraft, into their operations, ISO has been researching associated risks and developing endorsement options to help...

A Closer View of Homeowners Risks

Four years ago, ISO introduced its first by-peril ratemaking products to the U.S. homeowners insurance market. The goal was to provide insurers with an improved method for developing rating...

Bringing together underwriting and loss control

There’s little doubt that field-surveyed property reports are the gold standard in the industry. Our trained staff examines critical characteristics and provides detailed assessments of commercial...