Start Date: 9/10/2025 10:00 AM PST
End Date: 9/10/2025 11:00 AM PST
Organization Name:
Private Risk Management Association
Contact:
Part IV of the Pacific Southwest Chapter's Risk Management Series- Protecting Property and Profitability: Navigating Fire and Water Risk in High-Value Homes
In this session, Yusuf Muhammad, co-founder and Chief Design Officer at Plumis, will examine the growing complexity of protecting high-value residential properties amid shifting risk profiles and regulatory pressures.
As internal fire sprinklers are common in luxury homes in California where building codes mandate them—insurers are grappling with an unintended consequence: water damage is the most frequent and costly cause of claims. At the same time, homes in rural or wildfire-prone regions face heightened fire risk, often without adequate emergency response or water infrastructure.
Yusuf will unpack how these dual pressures—urban water claims and rural fire exposure—are shaping the way insurers, brokers, and risk managers think about internal fire protection. The session will explore evolving mitigation technologies, and emerging best practices for balancing life safety, regulatory compliance, and profitability.
Designed for professionals working in high-net-worth insurance, this talk will provide a strategic view of how the industry can adapt to these challenges through smarter, more flexible approaches to fire suppression and property risk management.
