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Claims administrator Crawford & Co. on Monday said it has launched smart water-sensor technology to help reduce water damage claims.
Atlanta-based Crawford’s escape-of-water claims management product provides round-the-clock monitoring and detects leaks via sensors placed throughout a property, the company said in a statement.
If water is detected, the wireless sensors alert Crawford’s operations center, which notifies the property owner of the event within minutes, dispatching a water mitigation company to the site if needed, the statement said.
Crawford’s 24-hour call center takes first notice of loss claims by phone to begin to mitigate the water damage claim, the company said.
“Escape of water has been a growing concern to insurance carriers and risk managers for several years and is one of the largest causes of non-catastrophe losses,” the company said in the statement.
Claims administrator Crawford & Co. on Thursday said it has completed its $36.1 million acquisition of a majority interest in online and mobile platform WeGoLook L.L.C.