Magazine article from January 1998 reported general insurance savings as a result of a rating reclassification in Churchill/Fallon, Nevada.7 The following month’s issue of Fire-Rescue Magazine noted insurance savings in a rural department in Colorado and the City of Atlanta.8 Although these studies offered some information on insurance savings as a result of PPC rate changes, none presented a detailed analysis. In many of these reports, only one home value and one construction type were used to illustrate insurance savings.
One of the challenges in this type of analysis in calculating the savings homeowners realize as a result of improved PPC ratings is the complexity of the variables present in Richland County. There were multiple jurisdictions within the county, split ratings within these areas, and a wide range of home values. In order to address these variables and to provide citizens in all areas of Richland County a