water damage News

Haines Continues Long Recovery from Late 2020 Landslides

HAINES, Alaska (AP) — More than a year and half after the Haines landslides, organizations, both local and out-of-state, are still helping to repair damage from the dozens of landslides that occurred around the borough. That recovery work has evolved …

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, …

Texas Proposes Rules to Ready Natgas Industry for Weather Emergencies

The Texas Railroad Commission, which oversees the state’s oil and natural gas industries, approved a proposed weatherization rule to help protect Texans during emergencies that could occur any time of the year. The proposed rule is the latest in a …

Why Insurers Offer Premium Discounts for Smart-Home Devices

A smart thermostat can turn up the heat in your home before you roll out of bed. A smart speaker can play your favorite podcasts with a voice command. A smart lightbulb can be turned on or off from across …

‘Deceptive’ Denial Letter Costs Insurer Treble Damages After Appeal to 4th Circuit

The insurer first said it would pay to repair a breezeway at a student housing complex that partially collapsed during a Saturday night student party. Then it said it wouldn’t, and sent the policyholder a “confusing” and “deceptive” denial letter …

Appraisals, Water Damage Fraud Among ‘New Normals’ Discussed at PLRB

SAN ANTONIO, Texas — The use of appraisals to resolve insurance claims disputes is the new normal, even though insurers don’t trust the process to bring about a fair result, an attorney and a claims examiner said Monday during the …

Act Fast to Preserve Evidence When Subrogating Water Damage Claims

Nearly a third of homeowners’ insurance claims are caused by water damage, costing carriers an average of more than $11,000 per claim. Insurers can recover some of those costs through subrogation if the damage was caused by defective materials or …

Water Leaks Dampen Morale at Market for Minority Businesses

STONECREST, Ga. (AP) — Water leaks at a new Atlanta-area market that’s focused on minority-owned businesses have led to cracks, mold, buckets throughout the building — and tensions between some vendors and management. Those who oversee the New Black Wall …

Insurers Hope to Head Off Claims With IoT Devices

Wouldn’t it be nice, if, instead of relying on adjusters and restoration companies to surmise how much damage was actually caused by a water leak, an insurer could stop the leak almost before it starts. That’s now the reality for …

Meticulous Restoration Underway at Air Force Academy Chapel

COLORADO SPRINGS, Colo. (AP) — The Air Force Academy chapel is one of the most distinctive pieces of architecture in Colorado. But few people have caught a glimpse of it for more than a year. That’s because the entire building …