NU Property & Casualty 360

Around the P&C insurance industry: August 31, 2022

News from PCF Insurance Services, Duck Creek Technologies, NFP and more.

Posted: Aug 30, 2022

U.S. airports with the most summer 2022 flight cancellations

The U.S. Department of Transportation has proposed a rule that would codify language around canceled or delayed flights to create more consistent refund rules airline-to-airline.

Posted: Aug 30, 2022

InsurTech 2.0: What is the future for the insurance industry?

Corvus Insurance CEO Madhu Tadikonda discusses the next generation of insurtech and the lessons learned from early tech entrepreneurs.

Posted: Aug 30, 2022

A robotic arm for underwriters

It's important to strike the right balance between human and digital resources in the underwriting workflow.

Posted: Aug 30, 2022

Handling multiple claimants & insufficient policy limits scenarios

When multiple lawsuits are filed and policy limits will be insufficient to settle all the claims or pay for all potential judgments, unique questions arise.

Posted: Aug 30, 2022

NICB: Watercraft thefts see decline in 2021

Florida and California saw the most thefts of watercraft in 2021, which had a nationwide recovery rate of 42%.

Posted: Aug 29, 2022

Cyberattackers are exploiting SPoF to cast a wider net of chaos

When it comes to insurance, CyberCube suggests the market should pay attention to threats from Chinese APTs.

Posted: Aug 29, 2022

'It's a big problem': The insurance industry is the harbinger of South Florida's climate change risk...

"If there's a direct-hit Category 5 storm that hits Miami, you're going to see 20 insurance companies go bankrupt and are not going to be able to pay claims. It’s become a big problem," said South Florida insurance broker Joseph Gendelman.

Posted: Aug 29, 2022

Best advice for keeping kids safe during the new school year

Seven out of 10 parents now worry that their kids will face a school shooting.

Posted: Aug 29, 2022

Survey will focus on how much claims professionals make

Claims magazine is fielding its annual salary survey and needs your input.

Posted: Aug 29, 2022

Arbitration: Embrace it or avoid it? Considerations for small businesses

Here are six things to consider when deciding whether to arbitrate a claim.

Posted: Aug 29, 2022

Hurricane insurance bad faith lawsuits see dramatic surge

The bad faith hurricane insurance lawsuits have primarily been targeting major property insurance carriers.

Posted: Aug 28, 2022

Theft of cryptocurrency not counted as physical loss in California

How do you buy property insurance for something that cannot be touched? The literal impossibility of physical damage is a red flag to many insurers.

Posted: Aug 28, 2022

Who's using what in P&C insurance: August 29, 2022

Insurance technology news from Previsico, Driver Technologies, Duck Creek Technologies and more.

Posted: Aug 28, 2022

Forbes Advisor: Best workers' comp insurance in 2022

A range of factors, including business type, claims history and payroll size, affect how much workers’ comp insurance costs.

Posted: Aug 28, 2022

Mitigating the effects of a malware attack

When cyberstalkers go phishing, it can lead to ransomware attacks and the loss of valuable information.

Posted: Aug 28, 2022

Ohio contractor with history of violations fined again for fall hazards

Since 2011, the contractor has been cited at least seven times for exposing workers to fall hazards.

Posted: Aug 28, 2022

United P&C plans to withdraw from 4 states

The company received notice from Demotech of its intention to withdraw the insurer’s financial stability rating.

Posted: Aug 25, 2022

People on the move in the P&C insurance industry: August 26, 2022

The latest P&C industry personnel news from Swiss Re Corporate Solutions, Canopius Group, Prism Specialties and more.

Posted: Aug 25, 2022

Texas insurance agency accused of plan involving thousands of forged signatures, fake policies

Sanford & Tatum, one of the oldest insurance agencies in Texas, has been sued for allegedly participating in an elaborate fraud scheme.

Posted: Aug 25, 2022

Model pet insurance act passed by NAIC

The pet insurance regulatory standards would require certain consumer disclosures, among other provisions.

Posted: Aug 25, 2022

Arbella sponsors 20th annual Jimmy Fund to support Dana-Faber

The 36-hour Jimmy Fund Radio-Telethon, held at Boston’s Fenway Park, raised more than $3.5 million.

Posted: Aug 25, 2022

Insurance marketing lessons from outdoor adventuring

An insurance leader turned outdoor adventurer shares the professional lessons she picked up along the way.

Posted: Aug 25, 2022

$308.6 billion: The real annual cost of insurance fraud in the U.S.

The new yearly cost of insurance fraud is the first time in 27 years the figure has been updated, according to the Coalition Against Insurance Fraud.

Posted: Aug 24, 2022

Skunked again: The animal exclusion in homeowners policies

Over time, policy language has changed to be more specific and detail what exactly is excluded when it comes to animal claims.

Posted: Aug 24, 2022