From the Insurance Journal: What is being called the first sensor-triggered earthquake parametric insurance policy in the U.S. was purchased by The University of California.
Liberty Mutual Reinsurance, part of Liberty Mutual Insurance Group, and Safehub, a technology provider in seismic sensor and risk management solutions, partnered with the University of California to protect campuses from the risk of earthquake damage...
Under the policy, claims are triggered and settled based on measurements from 180 Safehub sensors installed across multiple UC locations.
Full story at https://www.insurancejournal.com/news/west/2024/10/02/795351.htm.
No comments:
Post a Comment