ISO helps insurers determine risk using unique data assets and deep domain expertise so that they can accurately price policies. Insurance companies and agents can go to the Verisk website. In the insurance world, ISO stands for Insurance Services Office, Inc., a business that is the leading global provider of insurance tools and analytics. Members of the fire service and community can go to the ISO Mitigation website to get details on ISO’s work with fire departments, building departments, water suppliers, and municipalities.
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The company maintains a vast database full of millions of data points, all of which help it to categorize and classify various types of risk.
ISO provides actuarial and statistical services to a number of industries, including the insurance industry. The individual homeowner can expect to see a reduced cost for property insurance as compared to a community that doesn’t achieve a high rating.Ĭontact your insurance agent to see if you are qualify for the discounts. ISO stands for the Insurance Services Office, Inc., a wholly owned subsidiary of Verisk Analytics. Currently, there are five cities in Oklahoma and only about 350 communities nationwide with this distinction.Ī Class 1 rating also enhances community support for the fire department in a very practical, dollars-and-cents way. List of ISO Class 1 Fire Departments in OklahomaĪchieving a Class 1 rating for local fire protection efforts based on ISO’s Fire Suppression Rating Schedule (FSRS) Public Protection Classification (PPC ®) is a significant accomplishment.