City retains ISO 1 rating
The City of Midwest City announced that recent evaluations conducted on the fire department, water department and emergency communication systems has yielded a rating of 1 once again from the Insurance Service Office (ISO).
ISO is a third party independent agency that rates the city services on a national scale from one to ten (one being the highest). According to ISO, its Public Protection Classification Program (PPC) plays a key role in the underwriting process with insurance companies. Most U.S. insurers report that the PPC information is used in their decision-making process when deciding what business to cover, what coverages to offer or prices to charge for personal or commercial property insurance.
The City of Midwest City first received an ISO PPC rating of 1 in December 2005. Maintaining the ISO Class 1 distinction shows the commitment and priority the City has given to providing its’ citizens and businesses the highest level of excellence and service.
While reviewing three major areas, including the fire department, the water system and emergency management communication and dispatch, ISO now gives bonus credit for community risk reduction, a section that recognizes fire prevention code and evaluation, public fire safety education and fire investigation programs.
During the process, the categories received the following percentages in evaluations:
Fire prevention – 50%
Water supply – 40%
Communication and dispatch – 10%
“We remain committed to providing the necessary resources for maintaining the ISO #1 rating. This rating is also a reward for the dedication of our great men and women who work in these departments every day, striving to help make Midwest City a safe place to live and do business. We appreciate all that they do daily for the community,” said Guy Henson, City Manager.
There are over 48,000 fire departments across the U.S. Midwest City is one of approximately 60 to achieve an ISO Class 1 rating.
The City wants to remind its residents that each insurance company independently determines the premiums it charges policy holders. The way an insurer uses ISO’s information on public fire protection may depend on several things, including the company’s fire-loss experience, ratemaking methodology, underwriting guidelines and it’s marketing strategy.