NU Property & Casualty 360

Divided state court ruling sparks uncertainty about workers' comp for mental injuries

An Arizona Court of Appeals concluded the Arizona Constitution never contemplated mental injuries when they used the term 'injury,' and the state's high court agreed.

Posted: Dec 05, 2022

After the storm: Busting 5 more flood insurance myths

Once consumers know the facts about flood coverage, they can make wiser insurance choices.

Posted: Dec 05, 2022

How long do insurers have a duty to defend?

Whether an insurer has a duty to defend arises in almost every liability insurance claim. A less common question is when the duty ends.

Posted: Dec 05, 2022

How European insurers can survive claims inflation

A recent report from McKinsey & Company offers advice for how P&C insurers in Europe can keep up with rising costs.

Posted: Dec 05, 2022

Welcome to the 2022 Hall of Shame - Part 2

Fraudsters steal an estimated $308.6 billion each year from insurers through their damaging crime sprees.

Posted: Dec 05, 2022

Industries with the highest employee loss in 2022

The top reasons that people tend to leave a job are poor management and unhealthy working conditions.

Posted: Dec 05, 2022

Policyholders still confused about what home insurance covers

More than 60% of U.S. policyholders said ‘I have no idea what my home insurance fully covers.’

Posted: Dec 05, 2022

How stability ratings help agents find the right carrier partner

Get a rundown on how ratings agencies work and why ratings are a valuable tool for agents and brokers.

Posted: Dec 04, 2022

Who's using what in P&C insurance: December 5, 2022

Insurance technology news from Got You Covered, Wejo Group Limited, Aviva Canada and more.

Posted: Dec 04, 2022

More than 3 in 4 American workers have been ‘quietly promoted’ with no pay raise

Nearly three-quarters of Americans report having a manager ask them to take on additional work, and when that happened, 57% felt manipulated or taken advantage of.

Posted: Dec 04, 2022

10 Fraudsters enter the 2022 Hall of Shame - Part 1

From a dentist who killed his wife on safari to a doctor who performed unnecessary back surgeries to a homeowner who set his own homes on fire, these fraudsters are shameless.

Posted: Dec 04, 2022

Swiss Re: 2022 catastrophe losses total $268B

The trend in recent years has been for catastrophe losses to increase by 5% to 7% annually, the reinsurer reported.

Posted: Dec 04, 2022

The P&C industry's most common compliance, conduct complaints

Most compliance challenges relate to claims handling requirements, including timeliness and required disclosures.

Posted: Dec 02, 2022

How insurers can — and should — close the global flood protection gap

Society needs a new approach to protecting against, preparing for and responding to floods and other natural disasters.

Posted: Dec 01, 2022

Creating impactful insurance-focused content

Marketing to any audience requires creativity and the use of multiple channels to catch their attention.

Posted: Dec 01, 2022

People on the move in the P&C insurance industry: December 2, 2022

The latest insurance industry personnel news from AXA XL, Canopius Group, Mosaic Insurance and more.

Posted: Dec 01, 2022

LexisNexis: Auto insurance shopping rebounded in Q3 2022

This is the first quarter-over-quarter growth auto insurance shopping trends have seen since Q2 2021.

Posted: Dec 01, 2022

Mainstream media turns spotlight on property resilience

Increased natural-disaster severity has many outside of insurance asking whether some communities should be uninsurable.

Posted: Dec 01, 2022

Ford Motor Co. expands U.S. user-based data services

The automaker announced it will grow its partnership with Wejo, providers of connected, electric and autonomous vehicle data.

Posted: Dec 01, 2022

Congress working to avert rail strike & further supply chain snarls

Should railroad workers strike, insurers would quickly face inflationary pressures from the supply chain slowdown.

Posted: Nov 30, 2022

The importance of expertise in renewable energy underwriting

The rapid evolution of the wind energy industry is raising new questions for underwriters.

Posted: Nov 30, 2022

Pa. justices eye whether deleting vehicle from insurance is a 'purchase' in UIM stacking

“In order to hold in the manner in which you’re arguing we would have to read 'purchase' to mean any change in coverage," said Justice Christine Donohue, who sits on the Pennsylvania Supreme Court bench.

Posted: Nov 30, 2022

The coverage must go on for theater security guard

The employer asserted the “positive work order” defense, which required proof that there was a specific policy in place, the claimant knew about the employer's policy, and that the claimant’s conduct at the time of injury removed the claimant from th...

Posted: Nov 30, 2022

Swiss Re donation helps further new Smithsonian museum

A $1 million gift made the reinsurer a founding corporate sponsor of the Smithsonian American Women’s History Museum.

Posted: Nov 30, 2022

HUD to allow private flood insurance for FHA-insured mortgages

Previously, only NFIP insurance was allowed for FHA-insured mortgages, which limited consumers’ options, HUD reported.

Posted: Nov 29, 2022