ISO News

ISO, Intterra, Western Fire Chiefs Partner to Better Understand Wildfire Risk

ISO and Intterra are partnering with the Western Fire Chiefs Association to explore new ways of analyzing and understanding wildfire risk. Intterra has worked with the WFCA for several years to develop the Fire Data Lab, a nonprofit organization dedicated …

New ISO Personal Property Product Targets Millennials, Empty Nesters

ISO, a Verisk business, has launched a new personal inland marine product designed to help insurers meet the personal property coverage needs of millennials and other consumers who may not stay in one place for long. The new Your Belongings …

ISO Grows Fire Hydrant Database by 700K

ISO said it has enhanced its Public Protection Classification (PPC) program with the inclusion of location data for an additional 700,000 U.S. fire hydrants, increasing the number of hydrants in the database to 9 million. Hydrant data is part of …

New ISO Program Targets Home Healthcare Insurance Market

ISO has launched a new home healthcare program that provides coverage and ratings for insurers covering the home healthcare market. ISO is a Verisk business. The aging population is one factor in the significant expansion of home healthcare in the …

One-Size Doesn’t Fit All in Today’s Evolving Homeowners Market

The homeowners insurance line, not often thought of as a bastion of change, is actually quietly evolving beyond the traditional “one-size-fits-all” business. Some of the puzzle pieces that make up homeowners insurance are changing shape and new pieces that address …

ISO Introduces Drone Coverage Options for Commercial Inland Marine Market

ISO has launched inland marine insurance forms for businesses using commercial drones to protect them from the costs potential crashes, including damage to the drones, their equipment, and their cargo. The new ISO forms offer underwriting tools to address commercial …

ISO Launches Management and Professional Liability Unit

ISO has launched a management and professional liability unit. The unit will spearhead new and revised coverage options as well as actuarial and analytics products for business and corporate risks. Joining ISO to lead the effort are Stephen Whelan, Michael …

ISO Upgrades Sioux Falls, South Dakota Fire Protection Rating

Homeowners in South Dakota’s largest city might soon get a break on their insurance bills. The Insurance Services Office that scores about 48,000 fire departments nationwide is upgrading Sioux Falls’ public protection grade to the second-best mark that a fire …

ISO Drone Insurance Coverage Options Now Available to Insurers

ISO’s new coverage and exclusion options for commercial drones took effect this month in most ISO jurisdictions. The options were designed to provide insurers with tools to help develop insurance programs for businesses that may use drones. The new options, …

P/C Insurers’ Surplus Rose, Profitability Fell in 2014’s First 9 Months

The first nine months of 2014 saw policyholders’ surplus for the U.S. property/casualty insurance industry reach record levels. At the same time, net income after taxes declined substantially and overall profitability took a noticeable dip. As well the annualized rate …