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Water Damage - increasing trend or just bad luck?

Question asked by joel.greene on Jun 24, 2015
Latest reply on Dec 7, 2015 by fireman

I work  with CNA Insurance, in the property Risk Control area, we've seen a dramatic increase in the frequency and severity of water damage losses since 2013.  Almost 2/3rds of these losses are due to frozen sprinkler or water supply piping.  Clearly not a good situations for anyone.  Looking to start a dialogue around what others (insureres, contractors, regulators or companies) have been seeing and what actions if any should be contemplated to help prevent these types of losses. 

 

What are you seeing and what are your thoughts?

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