water damage claims News

Broken Pipes in Memphis Cause Water Pressure, Supply Problems

(AP) — Subfreezing conditions and treacherous roadways have contributed to dozens of deaths this month across the U.S., where states as far south as Texas and Florida were gripped by deadly arctic weather on Sunday. Nationally, winter storms have claimed …

Online Rumors Partly to Blame for Water Pressure Drop in Jackson, Manager Says

JACKSON, Miss. (AP) — Law enforcement agencies are investigating whether social media rumors about a potential water outage prompted people to quickly fill bathtubs with tap water in Mississippi’s capital during a cold snap and cause a drop in pressure …

Georgia Saw Most Frozen-Pipe Claims in 2022-2023, State Farm Says

Georgia was, by far, the state with the most frozen pipe and water damage claims, State Farm Insurance reported as much of the country faces the first deep freeze for winter 2024. The insurer said in an article on its …

Homeowners Unprepared for Non-Weather-Related Water Damage: Report

Homeowners lack preparedness for non-weather-related water damage, even though water damage ranks as the second most prevalent cause of insurance loss claims, according to The Hanover Insurance Group in a new report. Despite being a leading cause of homeowners’ claims, …

HSB Canada Launches ‘Sensor Systems by HSB’ to Help Cut Commercial Water Claims

HSB Canada, part of Munich Re, has introduced “Sensor Systems by HSB,” a turnkey solution to help insureds reduce common property claims. The program monitors, predicts and alerts customers to risk events associated with water leaks, pipe freezing and critical …

USAA Among Backers of Home Water Damage Prevention Startup Flo

Flo Technologies has unveiled Flo, an intelligent home water monitoring and conservation system that promises to help reduce water damage insurance claims. The startup has raised a total of $11.5 million from investors led by Crosslink Capital with participation from …

Top Homeowners Insurance Claims

Weather incidents account for more than half of all homeowners insurance claims, with wind, pipes freezing and bursting, roof and flashing leaks and ice dams among the major causes of home damage during weather events. Fire-related claims are the most …

Florida Assignment of Benefits, Ridesharing Bills Approaching Dead End

It’s looking like Florida lawmakers will not provide resolution for two controversial issues currently facing the Florida insurance industry, this year at least. With just three days left in the 2016 Florida Session, legislative attempts at addressing the rising cost …