We’ve talked about how climate change is impacting the risk of flooding, particularly with coastal properties. Currently, more than 300,000 homes are at risk of flooding more than 26 times in one calendar year. As our climate continues to change, we can expect the rising sea levels to impact significantly more properties. It’s also important […]
Did you know that September is National Preparedness Month? When conducting an insurance inspection this month, be sure to make insureds aware of how they can prepare for disasters or emergencies in their homes and commercial properties. We’ve talked about ways to prepare for hurricane season, but it’s important to also discuss ways to mitigate […]
Despite Mother Nature’s unpredictable events, sophisticated catastrophic risk and weather verification models have made it possible for insurance carriers to take into account natural hazard risk in underwriting. Surprisingly, it has historically been more challenging for insurers to quantify the non-weather-related events when assessing the risk of a property. Thanks to big data from resources […]
Insurance carriers want to prevent claims from being filed just as much as homeowners want to prevent damage to their properties. Considering this, insurance carriers have a huge opportunity to add value to their clients by educating them about preventive maintenance and ways to reduce risk around the home. However, the relationship between insurance carriers […]
We’re delighted to announce that Insurance Risk Services will rebrand to Davies in the near future.
