The Fire Sprinkler Roundtable

Some thoughts from NFSA

Archive for August, 2010

Homeowners’ Insurance Credit – How much are insurance companies are giving?

The results of the Homeowner’s Insurance Credit survey are linked to this month’s insurance blog.  There were a total of 79 responses, many with comments.  Most automatic fire sprinkler systems are garnering a discount of 1-10%.  These responses made up 58 of the 79.   You will note when reviewing the responses that there are vast differences even among the same insurance companies.  We have yet to learn if the differences are merely due to ratings based upon region, or if it could have something to do with type of construction, age of structure, etc.  This is still to be learned by NFSA and subsequently reported to our readers.
 
Please click the following link to view the full matrix of the response.  - August 2010 - Insurance Survey Results
 
Thank you, NFSA greatly appreciates the time spent answering and as promised we will be emailing the results to those that provided email addresses in their response.
 
                                                                                                John A. Viniello, President, NFSA

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The Economic Roundtable – Are We at the Bottom?

 Reports from the field suggest we may have bottomed out from the worst recessionary cycle in the history of our Industry.  While bidding activity cannot be characterized as robust reports suggest that business activity, at the very least, has stabilized.  The recovery during this cycle will, from all reports, be “painfully slow” with levels of activity moving upward at a “snail’s” pace.  We would be interested in hearing from our members if there appears to be any improvement in your area.  Just blog your response by clicking here.  Also of interest would be the type of occupancies being protected. 
 
Hopefully we will begin to see some sustained growth, no matter how small, in the coming months.

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