Water Line Animation
Imagine a typical loss scenario where
a water supply line fails behind a toilet and nobody is home. A minor leak
then floods the residence and causes
thousands, if not millions, of dollars in
However, some alarm companies already have implemented water control
and leak detection packages, which
promise to detect leaks as they occur
and enable homeowners to shut off the
water main from their smartphones.
These systems animate waterlines and
let them interface with alarm systems,
alarm monitoring stations and the
Water line animation appears to be
an ideal risk management tool, likely
reducing the extent of water damage
claims. However, what if the leak detection system, remote shut off or even the
insured’s smartphone fails? Welcome to
Hello Dave.” In 1968, director Stanley Kubrick introduced the world to an interactive, albeit maniacal, talking
computer named Hal in “2001: A Space
Fast forward to 2013, and not only do
such computers generally exist, they are
now prevalent in everyday items, includ-
ing in the iPhone. With “Hello, Siri,” sci-
ence fiction has become reality.
Looking through the wormhole, and
taking the temperature of industry insiders, The Internet of Things is poised to
become the next big universal technological advance.
The Internet of Things (Io T) is com-
munication among your things and/or
by your things to other machines, de-
vices and data centers. The technology,
which has already been implemented in
a number of industries, uses communi-
cation platforms such as Wi-Fi, tracking
tags, chips, bar codes and radio frequency
to effectively give a voice to everything,
thereby animating the inanimate.
The need for the IoT is simple: The
number of devices connected to the Internet already exceeds the number of people
on earth. In fact, by the year 2020, there
will be an estimated 30 billion things connected to the Internet.
IoT is efficient. It reduces Internet
traffic by creating smaller interactive
ecosystems of just your personal things.
Manufacturers already have begun incorporating communication devices into
their products, thereby linking typical
household items such as HVAC units, appliances, alarm systems and utility meters
to the Io T.
It is these newly created “smart” links
that impact subrogation, causing broad
repercussions. Here are four examples:
Science Fiction As Reality
The Internet of Things and Its Impact on Subrogation
By Howard D. Maycon, Esq