Fully understanding the peril of wildfire and the primary risk factors involved is crucial to accurate property underwriting. FireLine® Risk Reports can help keep you informed about the location and number of at-risk properties
As dramatic as the statistics surrounding the 2020 wildfire season were, the messages they carry and the questions they raise are even more critical to address.
A new Verisk study shows how fire station type fares in predicting fire loss, alone and in combination with ISO’s Public Protection Classification (PPC).
Verisk's ISO business has received the Distinguished Service Award from the Federal Alliance for Safe Homes, Inc. (FLASH), a nonprofit organization that works to strengthen homes and safeguard families from natural and man-made disasters.
Property destruction from the November 2018 Camp and Woolsey Fires in California shows a strong correlation with areas identified as at risk by FireLine®, Verisk’s wildfire risk management tool.
It’s important for insurers to understand advances in fire science and how they assess a community’s adaptation to evolving challenges in fire protection.
ISO’s Community Hazard Mitigation works closely with fire departments and communities through our Public Protection Classification (PPC®) program, which develops classification of community fire suppression capabilities on a scale of 1 (exemplary) to 10. Many Insurers use PPC ratings as a measure of the risk of fire losses in a community, an important item to consider when determining premiums for property insurance.
When wildfires hit populated areas, flames may not be the only cause of insured loss. Beyond the perimeter of a fire, smoke and ash can damage properties that don’t actually ignite during a wildfire.
How does a large commercial facility with a working automatic sprinkler system burn to the ground and create a cloud of smoke so big it registers on weather radar maps?
Wildfires continue to burn near the Wyoming/Colorado border, and the largest, most destructive ones—the Roosevelt, Marten Creek, and Ryan fires—are at various stages of containment.
Insurers measuring the level of protection in a community need to know which station responds first to every address, who and what are inside those stations, where the firefighters get their water, and a host of other data points.