NU Property & Casualty 360

Can predictive analytics tame runaway verdicts?

Alexia Cruz, the claim general counsel at Travelers, predicts analytics will be 'instrumental in identifying cases that could yield large verdicts.

Posted: Jul 01, 2022

P&C industry combined ratio could surpass 100% in 2022

According to an S&P report, inflation could send the P&C industry to its first unprofitable year from an underwriting standpoint since 2017.

Posted: Jul 01, 2022

Firework injuries have skyrocketed since 2012

Consumer demand for fireworks soared during the pandemic. A surge in injuries followed.

Posted: Jul 01, 2022

People on the move in the P&C insurance industry: July 1, 2022

The latest P&C industry personnel news from NFP, Canopius Group, IMA Select and more.

Posted: Jun 30, 2022

Can predictive analytics tame runaway verdicts?

Alexia Cruz, the claim general counsel at Travelers, predicts analytics will be 'instrumental in identifying cases that could yield large verdicts.

Posted: Jun 30, 2022

Repair costs & labor issues squeezing auto insurers

Auto repair costs grew 4.9% in March, more than double the average from 2016-2019, according to RSM.

Posted: Jun 30, 2022

Insurance inclusion means remembering the non-digital natives

As insurers continue to advance in their digital journey, here are some ways to foster digital inclusion.

Posted: Jun 30, 2022

California bill would require gun owners have liability insurance

Opponents of the bill argue no insurance company will cover the misuse of a firearm, and that insurance requirements are an illegal infringement on gun owners' constitutional rights.

Posted: Jun 29, 2022

Florida lawsuit: Do roofer restrictions violate the First Amendment?

The lawsuit contends, in part, that the restrictions violate First Amendment rights as they deal with issues such as advertising and being able to advise homeowners about insurance coverage.

Posted: Jun 29, 2022

Business owners: Consider these steps to ward off wildfire damage

Record heat, drought conditions and a longer wildfire season could spell trouble. The Hartford has this wildfire advice...

Posted: Jun 29, 2022

Weather-related events causing surge losses

Lightning is the frequent culprit in electronics malfunctions, but other types of weather can create surge claims.

Posted: Jun 29, 2022

Agency of the Year: What are the characteristics of champions?

Being able to tell the stories of stellar insurance agencies is among the greatest value of this annual award. Nominate today!

Posted: Jun 29, 2022

Travelers Championship raises more than $2.5M for charities

Since 2007, the event has raised more than $25 million for more than 800 nonprofits.

Posted: Jun 29, 2022

UK insureds consider dropping policies to fight inflation

More than half of surveyed consumers are likely or somewhat likely to cancel a policy to save money, Guidewire reports.

Posted: Jun 28, 2022

Around the P&C insurance industry: June 29, 2022

News from Acrisure, Brokerslink, Openly and more.

Posted: Jun 28, 2022

U.S. News: 10 best places to live in the U.S.

U.S. News and World Report analyzed the 150 most populous metro areas in the nation to determine their rankings.

Posted: Jun 28, 2022

6 common attacks on insurtech and mobile insurance apps

Unprotected applications can leave policyholder and insurer information vulnerable to hackers.

Posted: Jun 28, 2022

The effects of rising claim payouts after recent hurricanes

Higher insurance settlements can lead to higher insurance premiums, as demonstrated in Florida's property market.

Posted: Jun 28, 2022

Robo advisors could give small-business insurers a competitive edge

Many of the questions policyholders take to their insurer or agent lend themselves to automated self-service.

Posted: Jun 28, 2022

Another appeals court sides with insurer in pandemic BI case

Zurich denied the plaintiffs' claim because they had not suffered "physical loss or damage to" their buildings, the opinion said.

Posted: Jun 27, 2022

Report: Insurance dealmaking slows in first half of 2022

Of the 343 announced deals in the first half of 2022, 91% were brokerage target companies.

Posted: Jun 27, 2022

Insuring semi-autonomous vehicles

Insurers will have to reexamine how to handle claims where they must determine who is at fault — the car or the driver.

Posted: Jun 27, 2022

NAIC: Top inland marine insurers of 2021

Nearly any business with a retail component needs inland marine insurance, which protects against losses when goods are transported over land via truck…

Posted: Jun 27, 2022

Adapting to changing policyholder behaviors & expectations

There is a need to evolve data analytics alongside changing customer behaviors and expectations.

Posted: Jun 27, 2022

Supreme Court sidesteps workers' comp marijuana cases

The Supreme Court complied with recommendations from the Solicitor General in declining to consider the medical marijuana reimbursement case.

Posted: Jun 27, 2022