City’s ISO rating moves up to Class 1
The City of Florence announced on May 25 that the Insurance Services Office Inc. (ISO) has raised the City Fire Department’s Public Protection Classification (PPC) rating from a Class 2 to Class 1, the highest possible rating offered by ISO. The new classification rating becomes effective on Aug. 1.
ISO is an insurance advisory organization that conducts Public Protection Classification (PPC) evaluations, and ranks fire services across the nation. ISO conducted an evaluation of the City’s Fire Department in January and have released the summary report. There are currently 48,632 fire departments evaluated by ISO, and only 178 have obtained the Class 1 rating. In South Carolina, 14 of 601 fire departments have earned a Class 1 rating.
That says a lot about our fire chief, fire departments, and city administration and staff, commented City Manager Drew Griffin. The Public Protection Classification (PPC) program recognizes the efforts of communities responsible for providing fire protection services for citizens and property owners. A community’s investment in fire mitigation is a proven and reliable predicator of future fire losses.
ISO’s Public Protection Classification plays an important role in the underwriting process at insurance companies. Most U.S. insurers, including the largest companies, use PPC information as part of their decision-making when determining who to insure, the amount of coverage allowed, as well as premium costs for personal or commercial property insurance.
The Public Protection Classification rating is based on four factors: a community’s ability to receive and respond to fire alarms; the fire department’s initial response capabilities; the community’s water supply system; and the risk reduction efforts of the community. A strong classification is the result of collaboration among the City’s Fire and Utilities Departments and the Florence County E-911 agency.