With the availability of new data and risk models, the potential exists to make a much more informed and scientific assessment based on data points that are more highly correlated with fire damage to a property and thus more accurately predictive of potential loss. (Credit: metamorworks/Adobe Stock) With the availability of new data and risk models, the potential exists to make a much more informed and scientific assessment based on data points that are more highly correlated with fire damage to a property and thus more accurately predictive of potential loss. (Credit: metamorworks/Adobe Stock)

Fire-related events represent a significant portion of an insurer's claims, upwards of 24% of expenses according to the Insurance Information Institute.

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