NU Property & Casualty 360

People on the move in the P&C insurance industry: April 12, 2024

The latest insurance industry personnel news from Swiss Re, RT Specialty, bolt and more.

Posted: Apr 11, 2024

California contractor fess up to workers' comp fraud charges

The contractor underreported payroll by nearly $1 million to lower his workers’ comp premium.

Posted: Apr 11, 2024

Which states have the safest Gen Z drivers?

Estimates from the NHTSA also showed that traffic deaths of people ages 15 to 24 increased 6% in the first half of 2023 compared to the same period in 2022.

Posted: Apr 10, 2024

Summoning the 'insurance genie' for portfolio-wide analysis

AI-driven chat bots could streamline recovery efforts and claims payouts based on comprehensive, portfolio-wide insights.

Posted: Apr 10, 2024

Pennsylvania issues AI guidelines for state-licensed insurers

The April 9 release outlines concerns over bias and transparency in AI-supported decisions, particularly in underwriting.

Posted: Apr 10, 2024

Number of vehicles stolen in U.S. again surpasses 1 million

As auto thefts rise across the country, lawmakers are considering measures to stem the tides.

Posted: Apr 10, 2024

Pet insurance gross written premiums grew more than 20% in 2023

The sector’s gross written premiums have been growing by 20%-30% annually since 2020.

Posted: Apr 10, 2024

Survey blames class action spike in-part on surge in 'employee activism'

Labor and employment class actions accounted for 43.4% of legal departments' class action matters in 2023 – an increase of nearly 10 percentage points from a year earlier.

Posted: Apr 10, 2024

How ESG could transform insurance into a more sustainable sector

Insurance companies are in a unique and powerful position to influence behaviors.

Posted: Apr 10, 2024

Around the P&C insurance industry: April 10, 2024

Insurance industry news from Generali Investments Holding, Devonshire UW Limited, SageSure and more featured in weekly update.

Posted: Apr 09, 2024

Cities that saw the most insurance fraud in 2023

Workers’ compensation and auto theft are the most common fraudulent P&C claims, says CAIF.

Posted: Apr 09, 2024

A key U.S. inflation metric doesn't count home insurance

The average cost of insuring a U.S. home last year was $1,905 — 50% higher than 2019.

Posted: Apr 09, 2024

SEC climate disclosure rule paused due to legal challenges

The SEC said it will resume implementing the rule depending on the resolution of the legal challenges.

Posted: Apr 09, 2024

The ZIP codes most affected by State Farm's California pullback

State Farm currently holds around 8.7% of all home insurance policies in California.

Posted: Apr 09, 2024

How would a major earthquake impact New York City?

Manhattan island in particular features unique seismic hazards, says Megan Linkin with Swiss Re Corporate Solutions.

Posted: Apr 09, 2024

A guide to mastering remote-work risk

Ensuring the safety and well-being of remote employees demands a modern, proactive approach.

Posted: Apr 09, 2024

3 ways to improve cyber hygiene

A single training session and advanced software are not enough to maintain robust cybersecurity.

Posted: Apr 08, 2024

Outsmarting vishing: Balancing emotions and logic for protection

Cybercriminals uses emotional manipulation to overcome vishing victims' common sense and cybersecurity training.

Posted: Apr 08, 2024

Seeking workers' comp risk management experts

The nomination deadline is looming for the 2024 Workers’ Comp Risk Management Award for Excellence.

Posted: Apr 08, 2024

Getting ahead of common springtime home insurance claims

Policyholders can take steps to prevent their policy premiums from climbing due to preventable claims.

Posted: Apr 08, 2024

NAIC targets coverage gaps with national climate strategy

The climate strategy was developed under the coordination of the NAIC's Climate and Resiliency Task Force.

Posted: Apr 08, 2024

Dog bite and injury claims exceeded $1 billion in 2023

In 2023, the number of dog bite and injury claims was up 8% compared with the year prior and 110% compared with the past decade.

Posted: Apr 08, 2024

Risk engineer insights: Navigating commercial property risks in 2024

Scott Ewing of AXA XL Risk Consulting discusses modern loss prevention measures for commercial properties.

Posted: Apr 07, 2024

Nations with the highest resilience to physical risks in 2024

FM Global reports that countries that rank among the top 50 most resilient recover from property losses 30% faster than other locations.

Posted: Apr 07, 2024

Feds double-down on financial services cybersecurity warnings

Cyberthreat actors are increasingly using AI to perpetuate fraud, the U.S. Treasury Department reports.

Posted: Apr 07, 2024