Moen Announces Initiative With Amica Insurance To Promote Adoption Of Flo Smart Water Monitor And Shutoff Devices; Aims To Reduce Water Damage And Preventable Flooding; Devices Can Lower Water Damage Claims By 96% And Preventable Leaks By 90%
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Moen has announced a partnership with Amica Insurance to promote the adoption of Flo Smart Water Monitor and Shutoff devices. The initiative aims to reduce water damage and preventable flooding, with the devices capable of lowering water damage claims by 96% and preventable leaks by 90%.
June 24, 2024 | 8:10 pm
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Moen, a subsidiary of Fortune Brands Innovations (FBIN), has partnered with Amica Insurance to promote Flo Smart Water Monitor and Shutoff devices. This initiative could significantly reduce water damage claims and preventable leaks, potentially boosting sales and market presence for Moen's products.
The partnership with Amica Insurance is likely to increase the adoption of Moen's Flo Smart Water Monitor and Shutoff devices, which could lead to higher sales and market penetration. This positive development is expected to have a favorable short-term impact on FBIN's stock price.
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