Chances are, if you live in Florida, you have seen a billboard or heard an advertisement about water damage or pipe lawsuits. For some time, insureds have filed claims and lawsuits alleging repair costs that frequently exceed $100,000. However, Rumberger …
The person who coined the phrase “saving for a rainy day” must have been a property owner with home drainage problems. The financial costs of poor drainage can be substantial, and the human health costs significant too. Prevention is important, …
Months after two severe storms flooded basements on Detroit’s east side, the Michigan city’s water department has decided to pay the claims of all residents who aren’t suing it. Hundreds of homes were damaged during the July 8 storm, which …
In 2015, there were 1,403,054 water damage claims filed—an increase of just one percent over 2014’s total of 1,389,277, according to a new report by the National Insurance Crime Bureau (NICB). From January 1, 2014 through December 31, 2015, a …
Boston-based Liberty Mutual Insurance has rolled out portable infrared cameras to its property field adjusters working commercial insurance claims. Water damage is one of the leading causes of commercial property claims, according to the insurer, with an average claim cost …
The Science Museum of Minnesota, a major tourist attraction that opened its new, $100 million home just 15 years ago, has serious water infiltration problems that could leave state taxpayers with a hefty repair bill. Museum leaders have approached state …
Many will remember the epic winter of 2015 as one featuring ice dams and burst water pipes. But whether from snowstorm, flood or leaky plumbing fixture, water damage is an event that occurs throughout the year — accounting for a …
In a recent interview with Claims Journal, William “Bubba” Ryan, president and CEO of Atlanta-based Rytech, a water damage restoration company, discussed drying formulas and the growing trend in unnecessary demolition. Drying formulas can provide a baseline to calculate the …
Aviva Canada paid out a record of over $190 million in water damage claims in 2013, a 69 percent increase versus 2012. If the 2013 Alberta and Toronto catastrophes were removed from the calculation, water damage would have still made …