Rising Insured Losses: Strategies for Effective Water Damage Restoration

Natural disasters caused a staggering global economic loss of US$270 billion last year, with insured losses reaching US$111 billion.

- 

These numbers reflect a troubling trend, as insured losses have been rising by 5% to 7% annually over the past decade. Floods and other secondary risks accounted for over 70% of these insured losses, emphasizing the need for effective water damage mitigation strategies.