Tag Archives: Hurricane Season

New Claims Technology to Tackle Increased Water Damage Claims

There have been a lot more claims for water damage than wind damage in recent years, including the trillions of gallons of water Texas experienced when Hurricane Harvey hit in 2017. Since that time, water damage claims have gone up each year, representing more than 50% of hurricane claims.

Here are a few of the new technologies in the following areas are being used to help combat this uptick in water and flood loss:

  • Faster, easier and better-targeted forms of communication
  • Faster estimating
  • Virtual inspections
  • Damaged item valuation
  • Smarter vendor selection using data and analytics

Click here to read the article.

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Filed under Property (Homeowners)

It’s baaaack! Hurricane Season Starts Tomorrow and the Forecast Is In

The 2018 Atlantic hurricane season officially went in the books as being tumultuous or “above normal” to say the least.  However, 2019 doesn’t seem to trail too far behind. According to the National Oceanic and Atmospheric Administration, nine to 15 named storms are forecast during the six-month season that starts June 1, of those, 4 to 8 will become hurricanes and 2 to 4 will be major systems with winds of 111 miles (179 kilometers) per hour or more. This year is the fifth time in a row that a system has spun up in the Atlantic before the official June 1 start to the season.

Click here to read the article.

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Filed under Property (Homeowners)