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LIMIT OF INSURANCE (LOI) FACTORS - IDAHO

Published: January 20, 2012
This is a subject that is under consideration by Staff and the Board.

Generally the Bureau would like to implement this additional pricing factor.However ISO is telling us that they can not provide the information needed to implement these factors, unless the Idaho also adopts the ISO public Protection Factors, Construction Factors, and Occupancy Factors.

The implementation of the protection factors on current Bureau loss costs would result in increase base group I loss cost for protection classes 1-4 and decreases has much as 70% in classes 6-10.
Staff and Board would prefer not to make this drastic of change without some kind of study. The stats for Idaho are very thin so adjusting based on losses by protection class is not creditable.

We have requested that ISO provide us with costs associated with developing a custom set of curves for Idaho.
They have acknowledged our request.

The status as of this date is that we are waiting for ISO to get back to us.

It is an on going topic of discussion at both the Staff and Board level.

Background:
The Class Loss Costs where developed by taking an average of the then produced loss costs (rates). Each of the Occupancy Codes in the Class Loss Cost table have the protection curve used to develop the rate(Loss Cost) based on the pricing tool used for the code.

For Example:

Frame & Steel Mercantile Risks were priced using the Idaho Tarriff Manual - This Manual had it own values for public protection.

Masonary Mercantile Risks were priced using the Idaho Masonry Mercantile Schedule - This Manual had it own values for public protection.

Galoline Stations Risk were priced using the Gasoline Schedule - This Manual had it own values for public protection.

Woodworker Risks were priced using the Woodwork Schedule - This Manual had it own values for public protection.

Industrial Risks were priced using the Industrial Schedule - This Manual had it own values for public protection.

School Risks were priced using the School Schedule - This Manual had it own values for public protection.

The list goes on.

The current pricing has carried on all these various protection, occupancy, contruction curves.
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THE SPECIFIC LOSS COSTS HAVE BE ADJUSTED TO REFLECT THE LATEST EXPERIENCE REVIEW

Published: December 17, 2010
The current Specific Loss Costs have been adjusted. All of the loss cost that are have been change because of revised experience factors now show an effective date of January 1, 2011. If your company has not adopted the newest experience factors the currently published Schedule rate can be converted to a prior experience factor by clicking on the appropriate link displayed below the loss costs display.
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BASIC FEE/ASSESSMENT CHANGED

Published: December 7, 2010
Effective with the First Quarter 2011 Assessments the Basic fee (Mimium Assessment) will be changed to $500. The last time this item was changed was in 1996.
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PAPER COPIES OF ADVANCE PLANNING CIRCULARS WILL NO LONGER BE AVAILABLE

Published: December 10, 2009
Effective January 1, 2010 the Bureau will no longer print and distribute by mail hard copies of advance planning circulars. Registered users of the website can request that they be added to a distribution list that will provide notice when new circulars are published. Add me to the list
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2010 LOSS COSTS ARE AVAILABLE

Published: September 17, 2009
The January 1, 2010 Class Loss Costs Excel worksheet has been posted in the Class Loss Cost section and an option has been to the Specific Loss Cost Detail page to convert the currently published Schedule rate to the Loss Cost to be effective next year.
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2009 TRIP SCHEDULE AVAILABLE VIA THE SPECIFIC LOSS COST SEARCH PAGE AND BELOW

Published: March 14, 2009
Once again we are publishing the trip schedule for our Field Rating Representatives as they respond to your request for loss costs survey request. To review the calender Click Here.

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SPECIFIC LOSS COSTS ADJUSTED TO REFLECT NEW RATE LEVELS

Published: December 18, 2008
The published specific loss costs have been adjusted based on the latest rate level review with data ending December 31, 2007. These changes were announced in our circulars 2008-CF-04 and 2008-CF-05. Prior rate levels are available for those companies who have not adopted the most current adjustments.
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NEWEST EDITIONS FOR THE PUBLIC PROTECTION AND BUILDING CODE MANUAL ARE NOW AVAILABLE

Published: December 18, 2008
The 34th Edition (2009) of the Public Protection Classification Manual - Idaho and the 12th Edition(2009) of the BCEG Classification Manual - Idaho are now available to registered users.
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PAPER COPIES OF THE PPC AND BCEGS CLASSIFICATIONS MANUAL WILL NO LONGER BE DISTRIBUTED

Published: December 19, 2007
Beginning with the 33rd Edition of the Public Protection Classification Manual - Idaho and the 11th Edition of the BCEG Classification Manual - Idaho, these manuals will no longer be printed and distributed as hard or paper copies. Both of these manuals continue to be available via this website to registered users. Updates will be posted to the end of the respective documents, and registered users can request to be added to the e-mail list which is used to notify interested parties when changes are posted. Add me to the list
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WATER CURTAILMENT ORDER - EFFECT ON FIRE DEFENSES

Published: July 6, 2007
On June 22, 2007 the Idaho Department of Water Resources issued curtailment orders to junior water right holders in the Magic Valley. The communities of Carey, Dietrich, Heyburn, Paul and Wendell where among the 16,000 water right holders included in this order that was to be effective July 6, 2007. The ISRB was concerned that this curtailment could impact a community's ability to provide water for fire fighting. In the course of trying to determine the impact of this order, the State of Idaho Department of Water Resources pointed out that Idaho Code 42-201(3) provides that water may be used at any time, with or without a water right, to extinguish an existing fire on private or public lands, structures, or equipment, or to prevent an existing fire from spreading to private or public lands, structures, or equipment endangered by an existing fire. Based on this information the ISRB believes that any community or entity that provides fire defenses in Idaho will have full access to their water.
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CORRECTIONS TO 2006-CF-02 & 2006-CF-06

Minor corrections have been made to the information provided in these two circulars. The incorrect information has be marked with as strikethrough and replaced with the corrected information.
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DWELLING CIRCULAR 2007-DF-02 PRINTED AND DISTRIBUTED WITH INCORRECT NUMBER

Thd dwelling loss cost circular mailed on or about March 1, 2007 was circular 2007-DF-02, however the designation was not correct on the first page of the circular. It was correct on page 2 of the circular. The web edition of 2007-DF-02 has been corrected and is available for downloading. We apologize for any inconvenience this has caused.
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SPECIFIC LOSS COSTS ADJUSTED TO REFLECT NEW RATE LEVELS

The published specific loss costs have been adjusted based on the latest rate level review with data ending December 31, 2005. These changes were announced in our circulars 2006-CF-02 and 2006-CF-06. Prior rate levels are available for those companies who have not adopted the most current adjustments.
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NEW ADDRESS & PHONE NUMBER

After 20 years at the office on Franklin and Phillippi, its time to move to a more efficient location for both our customer and our staff. Check our our new mailing address at
Contact Information.
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NEWS FOR IDAHO FIRE CHIEFS

The Bureau has developed a new tool to provide our users with the ability to find the class of public protection applicable to properties based on the address of the property. This tool is called the Public Protection Calculator. One of the key elements that makes this tool work is the boundaries of the cities and fire districts we obtain from the State of Idaho Tax Commission. These are the only boundaries that we will be using in the new Geographic Information System application. Its important, for a number of reason, that the Tax Commission is always updated with annexation details.
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PUBLIC PROTECTION CALCULATOR

The ISRB PPC Calculator has moved from outside group testing to production and is now available from the public protection page. The water data layer has been updated filling the hole we had in the Northern Lakes Fire Protection District.
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