House fires cause $12 billion in damages every year, according to the Insurance Information Institute (Triple-I), U.S. Fire Administration and National Fire Protection Association (NFPA). (Credit: photobyjimshane/Adobe Stock) House fires cause $12 billion in damages every year, according to the Insurance Information Institute (Triple-I), U.S. Fire Administration and National Fire Protection Association (NFPA). (Credit: photobyjimshane/Adobe Stock)

No one wants to lose their home or life in a house fire, and no one wants to pay the inflating costs to rebuild. In 2020, State Farm partnered with Whisker Labs in the hopes of lowering rates of house fires by installing a plug-in sensor, Ting, in policyholder's homes to monitor for dangerous arcing – the precursor to most home fires. The program has largely been a success, detecting and mitigating over 500 potential electrical fires in 2022.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Ashley Hattle-Cleminshaw

Ashley Hattle-Cleminshaw serves as ALM's PropertyCasualty360 Senior Editor. She brings 10 years of experience in journalism and communications to the editorial team. Reach her by sending an e-mail to [email protected].