frozen pipes News

Viewpoint: Subrogation, Common Failures, and Complex Causes for Frozen Pipe Claims

Each year, water damage and freezing pipes cost insurers $15-$20 billion and result in claims from approximately one in 50 insured homes. While many cases of water damage are caused by a lack of maintenance or normal wear and tear, …

Extreme Cold Leads to 150 Frozen Water Mains in Detroit

DETROIT (AP)–Crews with the Detroit Water and Sewerage Department were working Wednesday to repair 75 active water main breaks, about half the number reported since the beginning of the year. “We expect the final number for January will be the …

Top States for Water-Related Claims: State Farm

In 2013, State Farm Insurance paid more than $1.3 billion for more than 175,000 water loss claims as a result of burst frozen pipes, flooded basements and broken appliance hoses. The top 10 states with the most water-related State Farm …

Water Line Insurance Considered in Sioux City

The City Council in Sioux City, Iowa, has discussed setting up an insurance fund to cover the costs of water service repairs. The Sioux City Journal says dozens of homeowners have had to pay hundreds or even thousands of dollars …

U.S. Freeze Costs $3.5B, Causes Burst Pipes, Crashes: Aon

Winter storms that brought heavy snowfall, freezing rain and Arctic air to the U.S. last month will probably cost more than $3.5 billion in economic losses, according to insurance broker Aon Plc. Insurers estimated losses of more than $1.4 billion …