NU Property & Casualty 360

Florida home insurance bailout comes up short

Going forward, state lawmakers must prioritize forward-looking solutions to forestall future crises before they begin.

Posted: Dec 19, 2022

For agencies, is insurance really recession-proof?

The economic landscape continues to be weird. Here are three ways independent agencies can weather the uncertainty.

Posted: Dec 19, 2022

‘Tripledemic’ of COVID, flu, RSV: Threat to return-to-office policies (& holiday parties)

While public health officials are urging masks in Los Angeles, New York City and other areas, employers across the U.S. might encourage employees to stay home if they are not feeling well and are symptomatic, recommend experts.

Posted: Dec 19, 2022

Economic factors will dictate risk trends for 2023

Some risks will continue into the new year, and others may evolve into newer versions of existing threats.

Posted: Dec 19, 2022

The worst U.S. states for winter-holiday driving

ValuePenguin analyzed holiday accident statistics to determine which U.S. states are the deadliest for Christmas drivers.

Posted: Dec 19, 2022

2023 will be the year of compliance

Managing compliance in a more technologically enabled way will be pivotal for players across the insurance industry.

Posted: Dec 19, 2022

Ohio Supreme Court sides with insurers on COVID-19 business-interruption issue

The court found that the COVID-19 government shutdown order does not constitute a 'direct physical loss.'

Posted: Dec 19, 2022

Workers' compensation: Tips for the small business owner in non-construction industries

It is best practice to have policies in place so that if you are ever faced with a claim for workers’ compensation benefits, you can limit exposure as much as possible.

Posted: Dec 19, 2022

Florida governor signs more property insurance reforms into law

Under the new law, insurers will be protected from excessive jury awards in lawsuits involving property damage or personal injury.

Posted: Dec 18, 2022

Who's using what in P&C insurance: December 19, 2022

Insurance technology news from Ardonagh Specialty, ClarionDoor, Precisely and more.

Posted: Dec 18, 2022

ALM launches new course focusing on workers' compensation issues for cannabis businesses

The fifth module in the Cannabis Insurance Coverage Specialist designation provides insights to protect employees and employers.

Posted: Dec 18, 2022

A closer look at why SMEs need intellectual property insurance

Having intellectual property insurance in place is the only way that many SMEs can afford to enforce their rights.

Posted: Dec 18, 2022

Personal auto premiums to jump another 7% in 2023

Inflation and growing accident frequency & severity are expected to continue pushing up costs for policyholders and auto insurers alike.

Posted: Dec 16, 2022

Selecting and pricing the right risk no longer a carrier's conundrum

For carriers, AI-powered risk modeling can enable better decisions and optimize underwriting to deliver faster quotes.

Posted: Dec 15, 2022

What's behind the extreme drop off in ransomware claims?

Cyber risks are constantly evolving as hackers find easier and more lucrative attack vectors.

Posted: Dec 15, 2022

People on the move in the P&C insurance industry: December 16, 2022

The latest insurance industry personnel news from Acrisure, Allianz Global Corporate & Specialty, WTW and more.

Posted: Dec 15, 2022

Greatest Technology Challenges for Carriers and MGAs

Liza Smith of OneShield Software discusses recent survey results that show where insurers are getting “stuck” with meeting their goals, and how to resolve common roadblocks.

Posted: Dec 15, 2022

Avoiding risk bias through effective building data practices

Here's an extreme hypothetical that demonstrates how risk bias can negatively impact policyholders — and a solution.

Posted: Dec 15, 2022

Flood insurance in 2023: More floods, reduced uptake unless action is taken

Review the events that shaped flood insurance in 2022 and where the sector is heading in the new year.

Posted: Dec 15, 2022

The insurance industry's COVID sin

The meaning of “physical loss or damage” has been the centerpiece of virtually every COVID-19 business interruption case.

Posted: Dec 14, 2022

Increase in labor competition leads to greater investment in employee experience

Sixty-three percent of respondents say challenges due to the shift from in-person to remote and hybrid work has led to a willingness to invest more in EX.

Posted: Dec 14, 2022

Florida legislature passes bill to tame rising property insurance costs

The bill represents the ‘most extreme measures’ ever taken by the state to tackle the property insurance crisis, a former state senator said.

Posted: Dec 14, 2022

Cannabis financing: How to secure capital in a cash-only industry

Cannabis insurance protects companies from damage that causes financial setbacks, but leaders can also use it to help secure financing.

Posted: Dec 14, 2022

A look back at six years of the Independent Insurance Agent Survey

Respond now: Our annual Independent Insurance Agent Survey focuses squarely on issues facing today’s producers.

Posted: Dec 14, 2022

A colossal shift coming: EVs, auto claims & underwriting

By 2025, 3% of all registered vehicles in the U.S. will be electric. This share is projected to reach 8% by 2030.

Posted: Dec 14, 2022