Each year, water damage and freezing pipes cost insurers $15-$20 billion and result in claims from approximately one in 50 insured homes. While many cases of water damage are caused by a lack of maintenance or normal wear and tear, …
DETROIT (AP)–Crews with the Detroit Water and Sewerage Department were working Wednesday to repair 75 active water main breaks, about half the number reported since the beginning of the year. “We expect the final number for January will be the …
In 2013, State Farm Insurance paid more than $1.3 billion for more than 175,000 water loss claims as a result of burst frozen pipes, flooded basements and broken appliance hoses. The top 10 states with the most water-related State Farm …
The City Council in Sioux City, Iowa, has discussed setting up an insurance fund to cover the costs of water service repairs. The Sioux City Journal says dozens of homeowners have had to pay hundreds or even thousands of dollars …
Winter storms that brought heavy snowfall, freezing rain and Arctic air to the U.S. last month will probably cost more than $3.5 billion in economic losses, according to insurance broker Aon Plc. Insurers estimated losses of more than $1.4 billion …