Take a more accurate measure of fire protection for the risks you insure
The level of fire protection for a given property can be a moving target—and you might miss it if you’re looking only at distance to the nearest fire station. Public Protection Classification (PPC®) gives you a tool that’s nine times more predictive of loss than distance alone.1
Distance alone could put you on the wrong road
Verisk research shows that for one in five addresses, the closest fire station is not the first to respond in an emergency. Insurers need a better measure of how local fire protection affects a property’s risk of loss. Learn more in our latest white paper, The Distance Fallacy in Fire Protection.
On demand webinar–Burning trends: Why is the behavior of fire changing and how does this affect homeowners insurance?
On the surface, fire loss cost trends look calm. However, under the surface, frequency and severity are running in opposite directions. In this presentation, we’ll offer insight into this complicated situation. ISO experts will discuss fire severity: how changes in fire behavior are feeding this trend and how communities are adapting.
Avoid PPC misclassification for the risks you insure
Incomplete or changing information can leave properties misclassified in terms of fire protection. Every week, fire stations open or close; automatic-aid agreements are signed or dissolved. Whatever the cause, misclassification can lead to mispriced risk and adverse selection. Stay current on the risks you insure with PPC.
Evaluating fire protection at the grass roots
Insurers measuring fire protection in a community need information about which station is designated to respond first to a given address, the makeup of those stations, water sources, and a host of other data points. Such knowledge depends on long-term relationships—the kind ISO has developed with fire services from the largest city departments to the smallest rural volunteer companies.
Trust, experience give PPC an edge in rating fire protection
Fire protection in the United States has evolved over two centuries, and it’s still changing in large and small ways. Any measure of its effectiveness requires carefully cultivated trust from the fire service that the evaluators are fair and knowledgeable.
Measuring risk, counting resources, mitigating threats
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