News From Law.com
From the perspective of insurers, water damage caused by leaks is becoming an uninsurable risk. Although all buildings eventually experience some sort of water-related damage, the causes and severity can be widely dissimilar, making the cost nearly impossible to price. As a result, deductibles have skyrocketed, placing much of the financial responsibility for water damage on building owners themselves. However, emerging technology driven by AI can help.
Property & Casualty
December 12, 2023, 7:15 AM