Weather hazards pose significant challenges to the energy sector. Discover how a major electricity provider in a state prone to heatwaves, sought a parametric insurance policy from Descartes to safeguard against revenue losses. #DescartesUnderwriting #ParametricInsurance
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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
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Director - Alphatec Software - Boost Efficiency and Cut Costs with Our SaaS Solutions. Book a discovery call to discuss how we can help.
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
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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
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Smart Building Technologies, Risk Mitigation, Operating Expense Optimization Consulting and Deployment Specialist
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
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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
Water Leak Mitigation Plans for CRE Facilities
bridgecag.com
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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
German insurers driving climate-resilient buildings
https://www.commercialriskonline.com
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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
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Don't let a small oil leak become a big problem. Oil can spread underground and cause expensive damage. If you suspect a leak, act quickly! Delaying action could void your insurance coverage. Most home insurance covers oil leaks from your heating system, but only if you respond promptly. Get professional help to avoid costly repairs. We are fully accredited and individually designed remediation programmes completed to the highest standards. 📞 0800 0286020 (UK) 📞 1800 818873 (ROI) #spillresolve #oilspill #oilpollution #pollutioncontrol #oilleak
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2023 has already set a record for cataphoric billion-dollar-plus insurance-related events with 25. The total cost of these events are over $73 Billion. It is one factor contributing to the rise in the cost of insurance. https://lnkd.in/eMTwgbQS
NOAA: U.S. Withstands Record 25 Disasters in 2023
insurancejournal.com
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🌧 Bad weather brings rise in insurance claims - BBC 🌧 Hey everyone, did you catch this interesting article by BBC about the spike in insurance claims due to bad weather? It's an eye-opener on the impact of unpredictable weather events on our lives and finances. As climate changes, it's becoming more crucial to ensure we have the right coverage. Check it out for some valuable insights into this timely issue. #InsuranceClaims #BadWeather #ClimateChangeImpact https://ift.tt/YjpIFS6
🌧 Bad weather brings rise in insurance claims - BBC 🌧 Hey everyone, did you catch this interesting article by BBC about the spike in insurance claims due to bad weather? It's an eye-opener on the impact of unpredictable weather events on our lives and finances. As climate changes, it's becoming more crucial to ensure we have the right coverage. Check it out for some valuable insights into...
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