RiskMeter’s Distance to Fire Station Report Expands

June 27, 2005

CDS Business Mapping LLC, a provider in online property risk mapping, has added Colorado, Maine and Texas to its Distance to Fire Station report on the RiskMeter Online (www.RiskMeter.com).

The distance between a property and the primary fire station directly affects an insurance carrier’s loss ratio. By simply typing in an address, RiskMeter Online users can get a detailed report that returns: drive distance to local fire stations, names of the stations and staffing (career or volunteer). What once used to reportedly be an error prone and time-consuming process can now be done within a matter of seconds.

“The key to underwriting success is being able to quickly assess risk,” explains James Munson, director of Consulting Services, CDS Business Mapping. “The Distance to Fire Station report will immediately guide carriers to decide whether a location is protected or not. Regardless of the training, personnel or equipment at a station, if an insured location is greater than 5 miles from a station, the chance of a large loss is inevitable. This report will quickly verify the distance from local fire stations, and most importantly, it will improve underwriting performance by saving valuable time and money in the early stages of the underwriting process.”

For more information, contact Munson at: jmunson@cdsys.com.

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