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The intent of the system of fire insurance grading is primarily to provide insurers with accurate information to base underwriting decisions on, however a significant benefit of the system is that it results in incentives for development of recognized forms of public fire protection by communities throughout Canada. [5]
The data is then analyzed using a proprietary Fire Suppression Rating Schedule (FSRS). [2] The Schedule then assigns a PPC score between 1 and 10 to the department, with Class 1 representing "superior property fire protection" and Class 10 indicating that an area doesn't meet the minimum criteria set by the ISO. On July 1, 2013, the revised ...
A FIRE economy is any economy based primarily on the finance, insurance, and real estate sectors. [1] Finance, insurance, and real estate are United States Census Bureau classifications. Barry Popik describes some early uses as far back as 1982. [2] Since 2008, the term has been commonly used by Michael Hudson [1] and Eric Janszen. [3]
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An 18th-century fire insurance contract. Property insurance can be traced to the Great Fire of London, which in 1666 devoured more than 13,000 houses.The devastating effects of the fire converted the development of insurance "from a matter of convenience into one of urgency, a change of opinion reflected in Sir Christopher Wren's inclusion of a site for 'the Insurance Office' in his new plan ...
Mitsui Sumitomo Insurance Group Holdings, Inc. (三井住友海上グループホールディングス株式会社, Mitsui Sumitomo Kaijō Gurūpu Hōrudingusu Kabushiki-Kaisha) is a Japanese insurance holding company headquartered in Tokyo, Japan.