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Before approving a claim, it is important to have stone, tile, terrazzo or other hard flooring thoroughly evaluated and properly cleaned. The proper treatment of these surfaces after a flood can save the floor and the high cost of replacement.

Flooding that accompanies hurricanes and other storms can potentially ruin stone, tile, wood and other types of flooring. The most pressing concern claims adjusters have after a flood is whether the floor can be saved. Answering this question can be tricky, because it depends on a variety of factors, including the source of the water, how long the water remained on the surface and the environment. Let’s look at each of these factors, as well as actions to take immediately following a flood.

CoreLogic's final Hurricane Ian estimate projects $41B-$70B in damages

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10 states with the lowest natural disaster risk

Americans’ biggest misconceptions about auto insurance rates

National Flood Insurance Program and private insurance losses are expected to range from $8B-$18B, according to CoreLogic.

Capacity is opening up in the D&O market, leading to buyer-friendly conditions.

The October 2022 issue of NU Property & Casualty magazine is packed with inspiration for insurance professionals.

Beyond the Buzzword: Understanding the Power of AI in Small Commercial Underwriting

Harnessing the power of AI/ML models allows insurers to win the race to zero questions on an insurance application. Download this white paper and learn how you achieve a holistic view of applicant risk to fuel automated workflows.

Identify Risk and Avoid Fraud with the Halo Effect

Proactively tackling fraud in an insurance business has never been more critical. Consumers have expected improved levels of service during the pandemic and migrated to online interaction, driving demand for claims automation. This paper demonstrates how identifying and acting on the Halo Effect is crucial to all aspects of risk management and how AI automation is necessary against fraud and risk to grow profits and retain customers.

Program Business: Technology Can Unlock the True Value of Data

Sharing data within the program business market is crucial for reporting purposes but embracing truly frictionless data sharing can also improve overall business performance - if certain challenges can be overcome. Download this free guide and learn how automated, smart systems can help improve data validation, risk management and is critical for governance reporting and value-added analysis.

Copyright © 2022 ALM Global, LLC. All Rights Reserved.