Latest news with #Ting
Business Wire
9 hours ago
- Business
- Business Wire
Triple-I/Whisker Labs: Study Shows Ting IoT Fire Safety Solution Reduces Annual Fire Damage Claims by $81 Per Home
MALVERN, Pa.--(BUSINESS WIRE)--A new study conducted by the Insurance Information Institute (Triple-I) and Whisker Labs, with support provided by Octagram Analytics, has found IoT-based fire prevention technology reduced a broad category of non-catastrophic fire claims by an estimated 63% within three years after installation. 'As property/casualty insurers increasingly focus on predicting and preventing costly damage that drives up claims and premiums, this study provides concrete evidence of the value that telematics technology can deliver." The analysis, which represents the first comprehensive quantitative analysis of home IoT claims reduction efficacy, found that Ting – a home fire prevention solution created by Whisker Labs – resulted in 0.39 fewer fire claims per 1,000 home years of experience. This translates into a fire claim reduction benefit of $81 per customer per year by the third year. 'As property/casualty insurers increasingly focus on predicting and preventing costly damage that drives up claims and premiums, this study provides concrete evidence of the value that telematics technology can deliver,' said Patrick Schmid, chief insurance officer at Triple-I. 'While IoT solutions are gaining traction with many success stories, rigorous analysis of claims reduction has been harder to find until now. This analysis clearly shows Ting reduces claims and provides a positive return on investment for insurers.' How the Technology Works Ting helps protect homes from electrical fires by using advanced AI to detect arcing, the precursor to most electrical fires. Once connected to a single outlet, Ting analyzes 30 million measurements per second, analyzing voltage at high frequencies to detect tiny electrical anomalies and power quality problems. These hazards can originate from wiring in the home, connected devices and appliances, or even the power coming in from the utility. On average, Ting detects and mitigates fire hazards in one out of every 60 homes it protects. 'Ting is about saving lives and homes - that's always been our mission,' said Bob Marshall, CEO and cofounder of Whisker Labs. 'By analyzing verified claims data over time, this analysis shows that what's best for families also delivers a strong financial return for insurers. Prevention is better for everyone.' The device also includes temperature monitoring capabilities, issuing alerts when temperatures drop below 42 degrees to prevent frozen and burst pipes. Over the past three years, low temperature warnings have been issued to approximately one in 560 customers annually. Study Methodology To overcome challenges related to limited data and sampling bias, the research team developed a self-controlled study that assessed claims over time in homes with Ting installed. The methodology was designed to measure real-world performance with existing customers and experience data. 'We developed a methodology to prove that home IoT technology can prevent losses in the real world,' said Stan Heckman, chief scientist at Whisker Labs. 'The challenge was demonstrating that claims didn't occur – essentially counting fires that never happened.' Using data from Triple-I and Verisk, the study determined Ting provides an average loss-prevention benefit of $81 per home per year from fire claims reduction alone, demonstrating a compelling return on investment for insurers. Additional benefits from water-related loss prevention and potential improvements in customer retention suggest the total value may be substantially higher. Market Adoption More than 1 million Ting sensors are currently deployed across the United States, with approximately 50,000 new installations each month. A growing community of 30 property/casualty insurers now provide Ting to their customers at no charge. About the Insurance Information Institute (Triple-I) Since 1960, the Insurance Information Institute (Triple-I) has been the trusted voice of risk and insurance, delivering unique, data-driven insights to educate, elevate and connect consumers, industry professionals, policymakers and the media. An affiliate of The Institutes, Triple-I represents a diverse membership accounting for nearly 50% of all U.S. property/casualty premiums written. Our members include mutual and stock companies, personal and commercial lines, primary insurers and reinsurers – serving regional, national and global markets. About The Institutes The Institutes® are a global not-for-profit comprising diverse affiliates that educate, elevate and connect people in the essential disciplines of risk management and insurance. Through products and services offered by The Institutes' nearly 20 affiliated business units, people and organizations are empowered to help those in need with a focus on understanding, predicting and preventing losses to create a more resilient world. The Institutes is a registered trademark of The Institutes. All rights reserved. About Whisker Labs Whisker Labs develops cutting-edge sensor technology to protect families, homes, and communities by predicting and preventing electrical fires while also monitoring the resiliency and safety of the U.S. electrical grid. Through a single, DIY sensor plugged into a wall outlet, Ting, Whisker Labs' flagship solution, enables intelligent detection, localization, and mitigation of hazards before they can start a fire. As one of the fastest growing grid IoT networks, Ting is proven to prevent 4 out of 5 home electrical fires, reducing home fire losses and saving lives across the U.S. every day. Follow us on LinkedIn, X, Instagram and Facebook. About Octagram Analytics Octagram Analytics is a data and analytics consulting firm specializing in property and casualty insurance. The company focuses on helping clients leverage data to improve pricing, underwriting, and overall business performance. Octagram offers both consulting services and tools designed to help clients develop and implement data-driven strategies.
Borneo Post
15 hours ago
- Entertainment
- Borneo Post
‘Kek-Nyalang' unites Mirians in sweet celebration of Sarawak Day
(From fifth right) Ting, Yii and Lee pose with members of the organising committee during the Kek-Nyalang event. MIRI (July 24): Over 700 people gathered at Boulevard Shopping Mall here for 'Kek-Nyalang', Sarawak's first multicultural cake-sharing charity event held in conjunction with Sarawak Day. Organised by Persatuan Prihatin Masyarakat Miri (PPMM), the event on July 22 featured a total of 503 cakes of various types, donated by sponsors and shared with guests to spread joy, unity, and compassion within the community. Deputy Minister for Tourism, Creative Industry and Performing Arts Datuk Sebastian Ting, who officiated at the event, described Miri as a city filled with love and compassion, where community welfare efforts are always met with strong public support. 'The ability to give is a form of happiness. When we help others together, we also experience a sense of joy and fulfilment ourselves,' he said in his speech. He praised the active involvement of youths in volunteerism and community service, calling them the driving force behind Sarawak's future development. 'The future of Sarawak depends not only on physical and economic progress but also on a generation of visionary, caring, and action-oriented young people.' Ting urged continued societal support for the younger generation by providing opportunities for growth through service, allowing them to become catalysts for positive change in their communities. Meanwhile, PPMM president Lee Jun Tak said the event was not only about cakes, but about extending love and support to those in need. 'We invited around 200 special guests from various special needs groups to celebrate Sarawak Day with us, sharing warmth and creating meaningful memories together. 'Charity is not just about money, but also about action and emotional connection. That is the foundation on which we built this organisation,' he added. Founded in 2019, PPMM has grown from a small group of five to more than 400 volunteers today. This year's celebration drew support from sponsors across Peninsular Malaysia, Brunei, Kuching, Sibu, and Bintulu, showing the wide reach and appeal of the initiative. Also in attendance was Miri mayor Adam Yii. Kek-Nyalang miri sarawak day
Yahoo
17 hours ago
- Business
- Yahoo
Tucows Announces Timing for Q2 2025 Financial Results News Release and Management Commentary
TORONTO, July 24, 2025 /CNW/ - Tucows Inc. (NASDAQ: TCX) (TSX: TC) today announced that it will report its financial results for the second quarter ended June 30, 2025, via news release on Thursday, August 7, 2025 at 5:05 p.m. ET. Concurrent with the dissemination of its quarterly financial results news release at 5:05 p.m. ET on Thursday, August 7, 2025, management's pre-recorded audio commentary and transcript discussing the quarter and outlook for the Company will be posted to the Tucows website at Following management's prepared commentary, for the subsequent seven days, until Thursday, August 14, 2025, shareholders, analysts and prospective investors can submit questions to Tucows' management at ir@ Management will post responses to questions in an audio recording and transcript to the Company's website at on Tuesday, August 26, 2025, at approximately 5 p.m. ET. All questions will receive a response, however, questions of a more specific nature may be responded to directly. About TucowsTucows helps connect more people to the benefit of internet access through communications service technology, domain services, and fiber-optic internet infrastructure. Ting ( delivers fixed fiber Internet access with outstanding customer support. Wavelo ( is a telecommunications software suite for service providers that simplifies the management of mobile and internet network access; provisioning, billing and subscription; developer tools; and more. Tucows Domains ( manages approximately 24 million domain names and millions of value-added services through a global reseller network of over 35,000 web hosts and ISPs. Hover ( makes it easy for individuals and small businesses to manage their domain names and email addresses. More information can be found on Tucows' corporate website ( Tucows, Ting, Wavelo, and Hover are registered trademarks of Tucows Inc. or its subsidiaries. View original content to download multimedia: SOURCE Tucows Inc. View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
17 hours ago
- Business
- Cision Canada
Tucows Announces Timing for Q2 2025 Financial Results News Release and Management Commentary
TORONTO, July 24, 2025 /CNW/ - Tucows Inc. (NASDAQ: TCX) (TSX: TC) today announced that it will report its financial results for the second quarter ended June 30, 2025, via news release on Thursday, August 7, 2025 at 5:05 p.m. ET. Concurrent with the dissemination of its quarterly financial results news release at 5:05 p.m. ET on Thursday, August 7, 2025, management's pre-recorded audio commentary and transcript discussing the quarter and outlook for the Company will be posted to the Tucows website at Following management's prepared commentary, for the subsequent seven days, until Thursday, August 14, 2025, shareholders, analysts and prospective investors can submit questions to Tucows' management at [email protected]. Management will post responses to questions in an audio recording and transcript to the Company's website at on Tuesday, August 26, 2025, at approximately 5 p.m. ET. All questions will receive a response, however, questions of a more specific nature may be responded to directly. About Tucows Tucows helps connect more people to the benefit of internet access through communications service technology, domain services, and fiber-optic internet infrastructure. Ting ( delivers fixed fiber Internet access with outstanding customer support. Wavelo ( is a telecommunications software suite for service providers that simplifies the management of mobile and internet network access; provisioning, billing and subscription; developer tools; and more. Tucows Domains ( manages approximately 24 million domain names and millions of value-added services through a global reseller network of over 35,000 web hosts and ISPs. Hover ( makes it easy for individuals and small businesses to manage their domain names and email addresses. More information can be found on Tucows' corporate website ( Tucows, Ting, Wavelo, and Hover are registered trademarks of Tucows Inc. or its subsidiaries.
Borneo Post
a day ago
- Sport
- Borneo Post
Rajang Taekwondo Club on the podium in junior event at Korea Open
Ting (centre) and Tan stand tall on the podium in Chung Cheon, South Korea. SIBU (July 24): Rajang Taekwondo Club (RTC) returned with a gold and a silver medal from the recent Korea Taekwondo Open Championships held in Chung Cheon. Desmond Ting Zhong Xiang, 17, from SMK Bandar Sibu clinched the gold medal after beating compatriot Tan Wei Yao, 16, from SMP Catholic High in the Kyorugi junior (65-70kg) event. RTC adviser Thomas Tang hailed the result as the duo were in Korea more on an exposure trip. 'Again this is another great achievement for RTC exponents in an international level,' he said. The outing was RTC second international exposure for RTC athletes following the 9th Asian Taekwondo Championships in Nanjing last year when the RTC squad returned with three bronze medals. The club is planning to send more athletes for the international level competition in future. Tang also commended the coaches, Tie Ton Hung and Tie Ton Xiang, and thanked Deputy Minister for Public Health, Housing and Local Government Datuk Michael Tiang for his financial support to the club. Korea Taekwondo Open Championships Rajang Taekwondo Club
