Structural Damage

Verisk Estimates Industry Insured Losses from Winter Storm Ciarán will Range from EUR 800 Million to EUR 1.3 Billion

Retrieved on:

星期三, 十一月 8, 2023

Storm, ALE, Structural Damage, Temperature, Pressure, Free University of Berlin, Wind, Domingos, Tree, Ohio River, EUR, Free University, VRSK

Ciarán began as a shallow low that developed over the Ohio Valley, U.S., on Sunday 29 October, associated with very strong temperature gradients in the region.

Key Points:

Ciarán began as a shallow low that developed over the Ohio Valley, U.S., on Sunday 29 October, associated with very strong temperature gradients in the region.
On Wednesday 1 November, the storm explosively deepened by 34 mb in 24 hours over warm sea surface temperatures, classifying Ciarán as a bomb cyclone.
However, high-exposure regions in the area were spared the worst impacts from the storm.
Verisk’s modeled insured loss estimates do not include:
Additional living expenses (ALE) for residential claims for all modeled countries, except the UK

Oh, Rats! Chicago Tops Orkin's Rattiest Cities List for Ninth Consecutive Year

Retrieved on:

星期一, 十月 23, 2023

Rat, Infestation, Structural Damage, Weather, Mouse, Water, Health, Food, Family, News, Garbage, Risk, Disturbance, Wood, Orkin, Safety, Trapping, Electrical wiring

ATLANTA, Oct. 23, 2023 /PRNewswire/ -- Chicago continues its first-place run in the rat race, topping Orkin's Top 50 Rattiest Cities List for the ninth year in a row. Los Angeles moved up to the #2 ranking while New York rounds out the top three spots. Jumping up 10 spots this year is Houston to #20, and Greensboro, N.C., moves up 17 spots to take #50.

Key Points:

They typically enter homes between October and February looking for food, water and shelter from the cold .
Rodents can cause health issues and also severe structural damage with their strong jaws and burrowing skills.
They have oversized front teeth for gnawing, and teeth which are adapted for chewing a variety of items including electrical wires, water pipes and gas lines.
Using the tips above, homes and businesses across the nation can be better equipped to keep rats and mice out.

Santa Maria water damage professionals report how household leaks can cause water damage and mold

Retrieved on:

星期三, 九月 13, 2023

Insurance, Wood, Allergy, Growth, Maintenance, Structural Damage, Bacteria, Water damage, Emergency, Shingles, Water, Common, Water supply, Natural gas, Plumbing, Household

SANTA MARIA, Calif., Sept. 13, 2023 /PRNewswire-PRWeb/ -- Household leaks, whether from a pipe, appliance, or roof, can quickly lead to significant water damage and mold growth if not addressed promptly. Mark Powers, owner of SERVPRO Santa Maria, water damage specialist, recently released a report exploring how leaks can lead to water damage and mold, and what steps can be taken to address these issues.

Key Points:

Mark Powers, owner of SERVPRO Santa Maria, water damage specialist, recently released a report exploring how leaks can lead to water damage and mold, and what steps can be taken to address these issues.
SANTA MARIA, Calif., Sept. 13, 2023 /PRNewswire-PRWeb/ -- Household leaks, whether from a pipe, appliance, or roof, can quickly lead to significant water damage and mold growth if not addressed promptly.
Mark Powers, owner of SERVPRO Santa Maria , water damage specialist, recently released a report exploring how leaks can lead to water damage and mold, and what steps can be taken to address these issues.
A leaking roof can cause water to seep into your attic or walls, leading to water damage and mold growth.

AI TECHNOLOGY COMES TO PROPERTY VALUATIONS HOMEMOVE LAUNCHES "HOMER" AI TOOL TO FIND OUT WHAT HOUSES ARE REALLY WORTH

Retrieved on:

星期三, 九月 13, 2023

Knowledge, Housing, Face, Structural Damage, Research, Messi (cougar), Investment, Entrepreneurship, System, Pharmaceutical industry, Sales, Homer, NORWICH

Homer harnesses the power of visual AI using image recognition and optical analysis to give the most accurate online property valuations available, unlike websites that can share property estimates which are off.

Key Points:

Homer harnesses the power of visual AI using image recognition and optical analysis to give the most accurate online property valuations available, unlike websites that can share property estimates which are off.
Beyond simple data-driven estimates, this visual inspection captures the nuances of a home's value, giving sellers a more comprehensive understanding of its real worth.
Added to a data-driven price estimate, this visual inspection offers sellers the opportunity to find out what their home is really worth.
Research conducted by Homemove comparing major online valuation tools using a range of property listings in September 2023.

AI TECHNOLOGY COMES TO PROPERTY VALUATIONS HOMEMOVE LAUNCHES "HOMER" AI TOOL TO FIND OUT WHAT HOUSES ARE REALLY WORTH

Retrieved on:

星期三, 九月 13, 2023

Knowledge, Housing, Face, Structural Damage, Research, Messi (cougar), Investment, Entrepreneurship, System, Pharmaceutical industry, Sales, Homer, NORWICH

Homer harnesses the power of visual AI using image recognition and optical analysis to give the most accurate online property valuations available, unlike websites that can share property estimates which are off.

Key Points:

Homer harnesses the power of visual AI using image recognition and optical analysis to give the most accurate online property valuations available, unlike websites that can share property estimates which are off.
Beyond simple data-driven estimates, this visual inspection captures the nuances of a home's value, giving sellers a more comprehensive understanding of its real worth.
Added to a data-driven price estimate, this visual inspection offers sellers the opportunity to find out what their home is really worth.
Research conducted by Homemove comparing major online valuation tools using a range of property listings in September 2023.

Evertrust Development's Upper Vista Welland Condo Project Moves Forward with 2 Phase Plan

Retrieved on:

星期五, 九月 8, 2023

Drive, Structural Damage, City, Underwater Construction Teams, EverTrust Bank, Safety, Construction

WELLAND, ON, Sept. 8, 2023 /PRNewswire/ -- The team at Evertrust Developments are happy to announce a significant milestone in the construction process of the Upper Vista Welland Condominiums with a 2 phase permit plan that was officially approved and initiated last week.

Key Points:

WELLAND, ON, Sept. 8, 2023 /PRNewswire/ -- The team at Evertrust Developments are happy to announce a significant milestone in the construction process of the Upper Vista Welland Condominiums with a 2 phase permit plan that was officially approved and initiated last week.
This new permit plan issued by The City of Welland is an exciting step towards completion.
For first time since the project was delayed, we now have a clear strategy and path forward.
With this significant step of progress, Evertrust Developments looks forward to continuing their legacy of developing high quality and luxurious lifestyle living and becoming a valued part of the community with Upper Vista Welland.

Extreme Turbulence Injures 11 on Delta Flight from Milan to Georgia

Retrieved on:

星期四, 八月 31, 2023

Federal Aviation Administration, Sanger, Altitude, Montreal Convention, Aviation, Australian Transport Safety Bureau, Structural Damage, NTSB, Risk, National Transportation Safety Board, Weather, Hartsfield–Jackson Atlanta International Airport, Injury, Aircraft, Airline, Delta

AUSTIN, Texas, Aug. 31, 2023 /PRNewswire/ -- A Delta flight, carrying 151 passengers and 14 crew members, hit severe turbulence on Tuesday as it was approaching Atlanta's Hartsfield-Jackson International Airport, sending 11 people to the hospital. According to the Federal Aviation Administration, turbulence is the leading cause of injuries to flight attendants and passengers in nonfatal accidents. It is also one of the most common airline accident types, according to the National Transportation Safety Board (NTSB). The flight originated in Milan, Italy and was about 40 miles northeast of Atlanta when the event occurred.

Key Points:

According to the Federal Aviation Administration, turbulence is the leading cause of injuries to flight attendants and passengers in nonfatal accidents.
The flight originated in Milan, Italy and was about 40 miles northeast of Atlanta when the event occurred.
"Despite improvements in technology, turbulence encounters continue to be an airline safety issue," said pilot and aviation expert, Ladd Sanger of Slack Davis Sanger.
"Turbulence can be difficult to predict, and sometimes flight crews are justifiably unaware of the risk of a turbulence encounter."

Verizon makes progress on Maui network restoration

Retrieved on:

星期六, 八月 12, 2023

HONOLULU, Aug. 12, 2023 (GLOBE NEWSWIRE) -- While crews are gaining ground on wildfire containment, Verizon is continuing its efforts to restore service and provide assistance to the people of Maui.

Key Points:

In the aftermath of the most devastating natural disaster in Hawai`i’s history, Verizon engineers are working diligently on network restoration and recovery efforts.
Partial service to a portion of West Maui from Maalaea and the Maui Chin to the South through Lahaina Civic Center to the North.
Verizon continues to engage local and state EOC contacts to prioritize restoration and arrange for logistics to bring more equipment to Maui.
While Verizon works to restore the network, there may be inconsistent and partial restoration of network coverage.

New IBHS, CoreLogic study shows modern building codes cut post-hurricane mortgage delinquency rates in half

Retrieved on:

星期三, 八月 9, 2023

Science, CoreLogic, IBHS, Cyclone, Building, Structural Damage, Weather, Business, Climate change, Insurance Institute for Highway Safety, Insurance, Real estate

RICHBURG, S.C., Aug. 9, 2023 /PRNewswire/ -- A new report released today by the Insurance Institute of Business & Home Safety (IBHS) and CoreLogic® found modern building codes decreased the expected spike in post-hurricane mortgage delinquency rates by about 50 percent. Borrowers in homes built to modern building codes — which emerged in 2002 — were least likely to experience mortgage delinquency following a hurricane when all other factors were equal.

Key Points:

Borrowers in homes built to modern building codes — which emerged in 2002 — were least likely to experience mortgage delinquency following a hurricane when all other factors were equal.
Modern building codes decreased the expected spike in post-hurricane mortgage delinquency rates by about 50 percent.
The study explored the impact of landfalling hurricanes on mortgage delinquency rates and how more resilient modern building codes and their adoption impact local housing markets.
"Modern building codes provide stability when weather-related disasters occur," said Tanya Havlicek, principal, science and analytics at CoreLogic.

Nearmap Launches AI Products to Improve the P&C Insurance Claims Experience

Retrieved on:

星期二, 七月 18, 2023

Pressure, Classification, API, Structural Damage, Cyclone, P&C, SALT, Organization, Collection, FEMA, City, AI, Fraud, Total Loss, Surveying, Risk management, Insurance, Medical device, Nearmap

SALT LAKE CITY, July 18, 2023 /PRNewswire/ -- With the 2023 natural disaster season upon us, property and casualty (P&C) insurers are now, more than ever, aware of the increased strain recent catastrophes, like Hurricane Ian, have had on their business. Nearmap, a leading location intelligence and aerial imagery solutions provider, aims to alleviate some of that pressure by revolutionizing how P&C insurers respond to catastrophes. Today, the firm is announcing an enhanced post-catastrophe response solution, which combines industry-leading Nearmap ImpactResponse post-catastrophe imagery with two new products--Nearmap ImpactTriage AI and Nearmap ImpactAssessement AI. This new solution equips insurers with a more robust set of AI-derived property insights all in one place, enabling them to address damage and get a head start on claims.

Key Points:

Today, the firm is announcing an enhanced post-catastrophe response solution, which combines industry-leading Nearmap ImpactResponse post-catastrophe imagery with two new products --Nearmap ImpactTriage AI and Nearmap ImpactAssessement AI.
These new solutions allow Nearmap to be there supporting organizations at all stages as they respond to catastrophe, process claims, and help communities to recover."
Together, the post-catastrophe products from Nearmap provide industry-leading aerial imagery and AI-derived damage assessment data to support all stages of the post-catastrophe claims workflow.
Nearmap ImpactTriage AI provides insurers a categorization of the damaged locations, enabling insurers to systematically prioritize and allocate limited resources.