FMIC Expands Use of Chrp’s AI-Based Home Health Reports to Reduce Non-CAT Water & Fire Claims
After a successful launch with new business, First Mutual Insurance Company will leverage Chrp’s AI-based self inspections for home & farmhouse renewals in North Carolina on June 1st and pilot an inspection for poultry farms Smithfield, NC (Mar. 24, 2026) – First Mutual Insurance Company is pleased to announce it has extended its commercial agreement with Chrp Technologies, an AI-driven home risk platform that identifies 400+ failure points inside & outside homes that can lead to property claims. First Mutual Insurance Company (FMIC), headquartered in Smithfield, NC, sells insurance products through a broad network of independent agents located in North Carolina, South Carolina, and Tennessee. The company offers coverage for homeowners, farmowners, swine & poultry, and more. One of the ways FMIC has maintained historically low loss ratios is by inspecting every property. This allows them to minimize costs for their policyholders and maintain a formidable market presence. Before Chrp Technologies, FMIC relied upon traditional inspections to underwrite new homeowners and farmowners policies in North Carolina. One challenge the company faced when using traditional inspection companies was slow turnaround times, resulting in underwriting delays. Another issue the company faced was most traditional inspections did not capture imagery inside homes and...