One Way for Insurers to Reduce Water Losses

One way for insurers to reduce water losses

iStock.com/Ole_CNX Insurance companies and other industry stakeholders can help reduce loss ratios by becoming more prevention-minded and proactive when it comes to water-related claims, suggests Jerry Fairborn, national sales manager at MOEN, a manufacturer of plumbing products. “We’re starting to hear that P&C insurers are struggling with loss ratios because of climate change…,” he tells Canadian Underwriter during an interview at IBAOcon in N…

Residents asked to reduce usage as water restrictions remain in place

Knysna Municipal Manager Dr Lulamile Mapholoba has asked residents to drastically reduce water consumption in the face of the ongoing low rainfall conditions. “Residents are reminded that level three water restrictions are still in place,” he said. “The water restriction level may have to be escalated if rainfall patterns and associated river flow do not […] The post Residents asked to reduce usage as water restrictions remain in place appeared …