Descartes Underwriting’s Post

Is climate change causing you and your business/organisation issues? Our latest blog shows how we can help..... #claimsmangement #climatechange

A recent BBC article provides data which shows that the late autumn, winter and early spring months brought a deluge of rain to the UK. With total rainfall between October 2023 and March 2024 being the UK's second wettest period on record. This has led to a surge in insurance claims, causing headaches for both insurers and policyholders. 🤯 Our blog explores the impact of natural disasters on claims management and how technology can help. Click through to read more https://lnkd.in/euZEYPwC Has your business been affected by recent weather events? Let's discuss how ClaimControl can support you. #insurance #claimsmanagement #naturaldisasters #technology #climatechange

According to the Institute for Catastrophic Loss Reduction, between 2008 and 2020, hail generated almost 900,000 insurance claims in Canada, with damage exceeding $8.2 billion. Many Auto Dealers feel powerless to do anything about hail damage, but there are solutions! Here are a few structural solutions, and in the face of rising premiums and hail deductibles, it may well be worth the investment. There may also be tax incentives if you use hail-resistant solar panels, according to Solar X: https://lnkd.in/eVGrmMKw #autodealerships; Binks Insurance; Pitcher & Doyle; Jones DesLauriers

Insurance carriers continue to experience significant losses due to water damage claims and those costs are being passed along to insureds through higher deductibles, lower limits and premium rate increases. Taking time to design a clear and concise water leak mitigation plan will greatly improve your organizations ability to limit the impact. #commercialpropertyinsurance #IoTsolutions #digitaltwin #commercialrealestate #leakdetectionsystems

Insurance carriers continue to experience significant losses due to water damage claims and those costs are being passed along to insureds through higher deductibles, lower limits and premium rate increases. Taking time to design a clear and concise water leak mitigation plan will greatly improve your organizations ability to limit the impact. #commercialpropertyinsurance #IoTsolutions #digitaltwin #commercialrealestate #leakdetectionsystems

This is interesting guidance but ,alas, only guidance. Policy wording changes permitting functional replacement vs like kind and quality can currently be negotiated on property policies and are standard on some carrier policies. Build back better endorsements would be a game changer for flood and wind prone or exposed properties in terms of accelerating #climate #resilience #insurance #riskmanagement #innovation

Strengthen your defense against the storm with Truth Be Told Inspections. Our wind mitigation inspections assess your home's ability to withstand high winds, offering recommendations to enhance safety and potentially lower insurance premiums. Secure your peace of mind and protect your investment with strategies that stand up to the elements. Let's make sure your home is as resilient as you are. 🛠️🔐 📌 https://lnkd.in/gqxjukQN #WindMitigation #StormPreparedness #HomeSafety #TruthBeToldInspections

Insurance claims for weather-related damage hit a record high in 2023 as climate change continues to impact the frequency and severity of severe weather events. 🌧️ Businesses incurred £443 million in weather claims last year, and the average weather-related business payout increased from £12,612 in 2022 to £18,542 in 2023. Read our latest article below to find out more about this worrying trend and find out how we can support your business from weather related accidents 👇 🌐 https://loom.ly/ip0Br5s

🔍 Did you know homeowners can get insurance to cover pollution issues during property sales? 🏠💰 Greg Davis dives into the hidden costs of ignoring oil tank problems and how New Jersey's unique regulations play a role. Don't miss out on these essential insights! 💬 Have you ever encountered unexpected costs when selling a property? Share your stories below! ⬇️ #RealEstateTips #HomeSelling #PropertyInsurance #OilTankIssues #NewJerseyRegulations

🌦️ Alternating Hot and Wet Weather Alert 🌦️ We are in the middle of the season when scorching temperatures and unexpected flooding often occur. It's crucial to remain vigilant for any damage to your property during these times. Ignoring or delaying maintenance can lead to compounded problems, and remember, complacency today could result in a claim that your insurance may reject if deemed a maintenance issue. 🔍 What You Should Do Now: ***Inspect Your Property: Regularly check for leaks, cracks, and other signs of damage. ***Perform Maintenance: Address minor issues before they become major problems. ***Review Your Insurance Policy: Ensure you understand what weather-related damages are covered. Stay proactive and protect your investment! 📋🔧🏠 If you need help, we are here for you! #InsuranceTips #PropertyMaintenance #WeatherAlert #StayPrepared