Any Size Insurance Agency or Carrier Can Now Partner with Moen to Help Reduce Non-Weather Water Damage Claims, Improving Loss Ratios & Enhancing Profitability
NORTH OLMSTED, Ohio, April 14, 2025 /PRNewswire/ -- Moen, a leader in water experiences in the home, has launched an Insurance Partner Program for insurance providers of all sizes, including regional carriers, to help limit water damage claims across all states with its Moen® Flo Smart Water Monitor and Shutoff. Water damage is a leading cause of insurance claims each year. In fact, it is estimated that insurers nationally pay out over $15 billion in water damage claims annually¹.
This new program allows any insurance provider to sign up for free and help their policyholders experience the cost-saving benefits of water leak prevention while also limiting damage claim frequency. To learn more, providers can sign up for the Free Informational Webinar at www.Moen.com/FloInfoWebinar.
"Over a ten-year period, one in every six homes will file a claim for water damage with an average claim of $12,500,2"said Jeff Barnes, vice president, business development, Moen. "By participating in Moen's new Insurance Partner Program, insurance providers can encourage homeowners to install the Flo Smart Water Monitor and Shutoff and thereby help reduce the likelihood of these expensive claims, since the device has been shown to decrease water damage claim events by 96%3."
The Smart Water Monitor and Shutoff continuously monitors the pressure and flow rate of water moving through a home's pipes, detecting leaks as small as a drop per minute anywhere in the home. If the device identifies an issue, it will promptly send an alert through the Moen Smart Water Network App, enabling users to turn off the water. In the event of a catastrophic leak, it can be set to automatically shut off the water to prevent major damage. Homeowners also can track water usage by fixture and set conservation goals within the app to further support water-saving efforts.
Getting started is easy for providers:
Sign up for the Free Informational Webinar at www.Moen.com/FloInfoWebinar.
Complete the online application.
Download complete marketing and support materials from Moen.
Refer policyholders to a special online web form to enroll.
Policyholders pay Moen for the device and installation (where available) and Moen does the rest.
Moen assigns an account manager and holds monthly Q&A and info sessions.
To learn more about Moen's Insurance Partner Program sign up for the Free Informational Webinar at www.Moen.com/FloInfoWebinar.
1 Internal Company estimate based on information from sources such as the Insurance Information Institute and the U.S. Census Bureau2 Insurance Information Institute (III): https://www.iii.org/fact-statistic/facts-statistics-homeowners-and-renters-insurance 3 Based on a 2020 Lexis Nexis Study of 2,306 U.S. homes with a Flo Shutoff device.
ABOUT MOEN
Moen is the #1 consumer faucet brand in North America, offering a vast array of stylish and innovative kitchen and bath faucets, showerheads, accessories, bath safety products, kitchen sinks, garbage disposals, leak detection products and connected home offerings for residential applications that give consumers more power than ever before to understand and control the water that flows through their homes. These thoughtful designs deliver an exceptional user experience and elevate how people interact with water daily. In addition, Moen® Commercial offers superior-performing products that can deliver lower lifetime costs for today's facilities.
Moen is part of Fortune Brands Innovations, Inc. (NYSE: FBIN), a brand, innovation and channel leader focused on exciting, supercharged categories in the home products, security and commercial building markets. Moen anchors Water Innovations (WINN), which also includes several brands under the House of Rohl® including Perrin & Rowe®, ROHL®, Riobel®, Shaws® and Victoria + Albert®. Fortune Brands' other brands include Fiberon® composite decking and railing products; Master Lock®, Yale® residential, August® and Sentry® Safe security products; LARSON® storm doors and Therma-Tru® entry door systems. For more information, please visit www.FBIN.com.
View original content to download multimedia:https://www.prnewswire.com/news-releases/any-size-insurance-agency-or-carrier-can-now-partner-with-moen-to-help-reduce-non-weather-water-damage-claims-improving-loss-ratios--enhancing-profitability-302427808.html
SOURCE Moen
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Wire
5 hours ago
- Business Wire
Align Technology President and CEO Joe Hogan Personally Purchases $1 Million of Align's Common Stock
TEMPE, Ariz.--(BUSINESS WIRE)--Align Technology, Inc. ('Align') (Nasdaq: ALGN) a leading global medical device company that designs, manufactures, and sells the Invisalign ® System of clear aligners, iTero™ intraoral scanners, and exocad™ CAD/CAM software for digital orthodontics and restorative dentistry, today announced that Joe Hogan, Align Technology president and CEO, has personally purchased approximately $1 million of Align's common stock. Since his last sale of Align common stock in 2021, Mr. Hogan has purchased approximately $8 million of Align common stock 1. 'This purchase reflects my continuing confidence in the long-term value of Align and our commitment to increasing shareholder value by balancing investments to drive growth and continuing to invest with discipline in the areas that will define our future,' said Joe Hogan, president and CEO. 'We are excited about our next-generation technologies and treatment platforms that meet today's patient expectations for fast, effective, and personalized treatment while also providing value and growth opportunities for our doctor customers. We believe that these innovations are not only improving outcomes in Invisalign practices but also expanding our addressable market and strengthening our competitive differentiation.' Continued Hogan, 'While we believe that the macroeconomic uncertainty will likely persist into the near future, we are confident in our ability to adapt and lead. Our long-term strategic initiatives and opportunities remain intact, as does our commitment to focused execution on transforming treatment for doctors and patients.' 1 Valued based on the purchase price of Align common stock at the time of each purchase. About Align Technology Align Technology designs and manufactures the Invisalign ® System, the most advanced clear aligner system in the world, iTero™ intraoral scanners and services, and exocad™ CAD/CAM software. These technology building blocks enable enhanced digital orthodontic and restorative workflows to improve patient outcomes and practice efficiencies for over 286.4 thousand doctor customers and are key to accessing Align's 600 million consumer market opportunity worldwide. Over the past 28 years, Align has helped doctors treat over 20.8 million patients with the Invisalign System and is driving the evolution in digital dentistry through the Align™ Digital Platform, our integrated suite of unique, proprietary technologies and services delivered as a seamless, end-to-end solution for patients and consumers, orthodontists and GP dentists, and lab/partners. Visit for more information. For additional information about the Invisalign System or to find an Invisalign doctor in your area, please visit For additional information about the iTero digital scanning system, please visit For additional information about exocad dental CAD/CAM offerings and a list of exocad reseller partners, please visit Invisalign, iTero, exocad, Align, Align Digital Platform, and iTero Lumina are trademarks of Align Technology, Inc.
Business Wire
7 hours ago
- Business Wire
KORU Medical Systems Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)
MAHWAH, N.J.--(BUSINESS WIRE)-- KORU Medical Systems, Inc. (NASDAQ: KRMD) ('KORU Medical' or the 'Company'), a leading medical technology company focused on the development, manufacturing, and commercialization of innovative and patient-centric large volume subcutaneous infusion solutions, today announced inducement equity awards to Adam Kalbermatten, Chief Commercial Officer, pursuant to his previously announced employment agreement with the Company dated as of June 30, 2025. Mr. Kalbermatten was granted nonqualified stock options on August 1, 2025 to purchase 600,000 shares of the Company's common stock at an exercise price of $3.44 per share. In addition, on July 28, 2025, his start date, Mr. Kalbermatten received 300,000 restricted shares of the Company's common stock. Each of these awards are subject to vesting 25% on each anniversary of their grant date, subject to accelerated vesting and the other terms and conditions of the respective award agreements entered into between Mr. Kalbermatten and the Company. The Compensation Committee of the Company's Board of Directors approved the awards as an inducement material to Mr. Kalbermatten's employment in accordance with Nasdaq Listing Rule 5635(c)(4). About KORU Medical Systems KORU Medical Systems develops, manufactures, and commercializes innovative and patient-centric large volume subcutaneous infusion solutions that improve quality of life for patients around the world. The Freedom Syringe Infusion System (the 'Freedom System') currently includes the Freedom60® and FreedomEdge® Syringe Infusion Drivers, Precision Flow Rate Tubing™ and HigH-Flo Subcutaneous Safety Needle Sets™. The Freedom System, which received its first FDA clearance in 1994, is used for self-administration in the home by the patient and/or delivery in an ambulatory infusion center by a healthcare professional. Through its Pharma Services and Clinical Trials business, KORU Medical provides products for use by biopharmaceutical companies in feasibility/clinical trials during the drug development process and, as needed, is capable of customizing the Freedom System for clinical and commercial use across multiple drug categories. For more information, please visit
Business Insider
7 hours ago
- Business Insider
Use these money management tips to potentially help build a stronger financial future for your business
Starting a small business and being self-employed is exciting, but it requires a lot of time and work. A self-employed person can wear many hats or titles on any given day, including chief marketing officer, sales manager, customer service department head, and accountant. Multitasking, juggling multiple priorities, poor cash flow, and a general lack of time/energy are the primary reasons that small businesses don't thrive. Here are a few business strategies to help your business run smoother. Separate personal from business It's tempting to use existing personal credit cards, along with bank and savings accounts, for business purposes, particularly when you're getting started. But a separate setup for business income and expenses helps delineate the two, simplifies tax preparation, and may reduce personal liability. Consider multiple accounts for your business One tip for accommodating different business needs — taxes, operating expenses, and an emergency fund — is to find a financial institution that allows you to have linked yet separate accounts or funds. Once you do that, automatically divvy up every invoice payment as needed into various accounts. Figure out a digital record-keeping system you like What works for you may not work for someone else, so review the options in software programs to find out what fits your accounting style. Some have a small monthly fee but allow you to generate branded invoices and offer payment collection and tracking, account reconciliation, and custom reports for tax purposes. Create an expense tracking routine Recording your business expenses can help reduce your tax burden, but it's also imperative to maintain accurate records. Save receipts and statements, and consider a quick-scan program to keep digital copies. Use your digital record-keeping system to collect data and find a tool that helps you track business-related mileage. E-pay and e-invoice, if you can Switching to these options can help you get in the habit of immediate billing and allow people to send you money efficiently. In addition, many online processors integrate with most bookkeeping or invoicing systems to allow for seamless record-keeping collection. Consider using a tax professional When you work for yourself, taxes can be confusing and tricky. They involve not only Social Security and Medicare but also 1099s, itemizing, and quarterly payments. Investing in the services of an expert may pay off by saving you time and reducing the possibility of mistakes and fines. Review your insurance needs There are many questions you should ask regarding your business and personal insurance coverages. What would you do if you were sued? What if you couldn't work for a month? What will happen to your business when you die? Contact a State Farm® agent to review coverages such as workers' compensation coverage, commercial umbrella insurance, disability insurance, life insurance, business and professional liability insurance, health insurance, and more. Save for retirement There are retirement plan options every business owner should consider. Many self-employed people do not have a plan. Take time to review which retirement savings plan option would be best for you. Plan for the unexpected What will happen to your business after you are gone or if you become disabled? Business continuation is an important topic to consider for most small business owners. A will or trust does not always address the central problems created when this happens. This is particularly important when there are stockholders or other people who have an interest in your business. Learn more about State Farm resources available for your small business. If you're ready to get a small business insurance quote, fill out this form, and a State Farm agent will reach out to you. This post was created by State Farm with Insider Studios. _________________________________________________________________________ The information in this article was obtained from various sources not associated with State Farm® (including State Farm Mutual Automobile Insurance Company and its subsidiaries and affiliates). While we believe it to be reliable and accurate, we do not warrant the accuracy or reliability of the information. State Farm is not responsible for, and does not endorse or approve, either implicitly or explicitly, the content of any third party sites that might be hyperlinked from this page. The information is not intended to replace manuals, instructions or information provided by a manufacturer or the advice of a qualified professional, or to affect coverage under any applicable insurance policy. These suggestions are not a complete list of every loss control measure. State Farm makes no guarantees of results from use of this information. Neither State Farm nor its agents provide tax or legal advice. State Farm Mutual Automobile Insurance Company State Farm Indemnity Company State Farm Fire and Casualty Company State Farm General Insurance Company State Farm Mutual Automobile Insurance Company State Farm Life Insurance Company (Not licensed in MA, NY or WI) State Farm Life and Accident Assurance Company (Licensed in NY and WI) Bloomington, IL State Farm County Mutual Insurance Company of Texas State Farm Lloyds Richardson, TX State Farm Florida Insurance Company Tallahassee, FL
