ISO has filed revisions to its Fire Suppression Rating Schedule (FSRS) and to restructure property rating rules to recognize a revised Public Protection Classification (PPC) structure.
From its website –“The FSRS is a schedule filed with state departments of insurance that contains the criteria ISO uses in reviewing the fire suppression capabilities of individual communities. The schedule measures the major elements of a community’s fire suppression system and develops a numerical grade called a Public Protection Classification (PPC™).” The schedule has, so far, been approved by 27 states.
An important change is the reduction of distance to fire station below 3 miles (previously 5 miles) to impact the rating in the schedule. This is due to lightweight construction and modern home contents.
The schedule, filed in December 2012, includes a new Community Risk Reduction section that “recognizes community efforts to reduce losses through fire prevention, public fire safety education, and fire investigation.”
The new schedule will be implemented in July, 2014. A free webinar is available