Chubb Limited today announced that it has acquired the business of StreamLabs from Australia-based Reliance Worldwide Corporation Limited (RWC). StreamLabs offers leading Internet of Things (IoT) enabled water monitoring, leak detection and water shut-off products. The addition of StreamLabs, which uses patented and proprietary ultrasonic technology to monitor waterflow and alert property owners to potential… Continue reading Chubb Acquires StreamLabs, Maker of Smart Water Leak Detection Products
Tag: water damage claims
Winter Freeze Sparks Claims Glut with $18 Billion in Losses Seen
Crippled by a winter storm, Texas and other states are becoming a hotbed of insurance claims, with analysts expecting a hefty bill for losses. Insured losses could hit $18 billion for the winter weather, six times the yearly average, according to Karen Clark, whose firm models catastrophes. In Texas, one of the worst-affected regions, State… Continue reading Winter Freeze Sparks Claims Glut with $18 Billion in Losses Seen