Category: Insurance

ISO Rating Crucial in Setting Fire Insurance Premiums

Murky World of Homeowners Insurance         Editor’s Note: North Carolina Insurance Commissioner, Mike Causey, recently issued a statement about Liberty, a small North Carolina town of 2,700 residents, that has achieved an ISO fire rating of 2.  The only better ISO rating is a 1. This article by Gordon Allison explains the fire rating system and what it means to homeowners. ISO stands for Insurance Services Office, a private company that provides rating, statistical, and actuarial information to the insurance industry throughout the USA. Fire departments/districts are…

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