NU Property & Casualty 360

Who's using what in P&C insurance: June 27, 2022

Insurance technology news from MMG Insurance Company, QBE, SEON and more.

Posted: Jun 26, 2022

These countries see the most data breaches

A single email has been breached an average of three times, statistically, since 2004, according to Surfshark.

Posted: Jun 26, 2022

The problem with current catastrophe-risk models

Thanks, in part, to emerging technologies, the future should hold many positives in risk understanding and predictability.

Posted: Jun 26, 2022

Florida insurance ruling sets precedent on new assignment-of-benefits law

Tactics used by unscrupulous contractors allegedly trick homeowners into giving up certain rights under their insurance policy.

Posted: Jun 26, 2022

Citizens Insurance could spend $100 million on lawsuits in 2022

The state-backed Florida insurer has seen a huge uptick in policies the last two years, which has meant an increase in litigation costs, as well.

Posted: Jun 26, 2022

P&C price hikes for developers: Why we're living in a materials world

New insurance challenges are emerging around the construction materials developers need to get their projects off the ground.

Posted: Jun 23, 2022

Fraud & litigation push Florida home premiums to national high

The annual average cost for home insurance in Florida is expected to surpass $4,230 this year, Triple-I reports.

Posted: Jun 23, 2022

People on the move in the P&C insurance industry: June 24, 2022

The latest P&C industry personnel news from WTW, Network of Vertafore Users, AmTrust Financial Services and more.

Posted: Jun 23, 2022

Time to first contact weighs heavily on claims satisfaction

A recent Hi Marley study found the highest performing claims adjusters respond to 80% of their cases in under 3.5 hours.

Posted: Jun 23, 2022

10 tips for a successful risk management career

If you’ve been a risk manager for a while, there are probably things you’d do differently if only you could go back in time. Even if not, we…

Posted: Jun 23, 2022

Reassessing customers' risk profiles during wildfire season

Insurers must learn from past wildfires to create the most accurate risk assessments for their customers.

Posted: Jun 23, 2022

The latest legislative actions on COVID presumptions in workers' comp

Review the current state-level legislative picture of COVID presumptions across the U.S.

Posted: Jun 23, 2022

How the Depp-Heard verdict could affect professional liability

The apparent sole basis for the jury’s finding of liability against Depp was that his lawyer spoke about his case to the media.

Posted: Jun 22, 2022

How cannabis legalization in NY is affecting landlords one year later

Landlords should first check with their insurers before renting to determine whether any loss arising from marijuana use by a tenant must be excluded.

Posted: Jun 22, 2022

Top ocean marine insurers of 2021

Overall, annual shipping losses have fallen nearly 60% since 2012.

Posted: Jun 22, 2022

How to solve the insurtech distribution problem

Direct-to-consumer insurance distribution deprives customers of professional guidance and human connection.

Posted: Jun 22, 2022

Roofs on most Gulf Coast homes are susceptible to hurricane damage

Asphalt shingles can only withstand 110 mph winds, while older and degraded shingles may be impacted by 50 mph winds.

Posted: Jun 22, 2022

The 9 most dangerous dog breeds

In 2021 alone, dog bite claims cost insurers in the U.S. around $881 million.

Posted: Jun 21, 2022

Lightning caused $1.3B in U.S. homeowners claims

While lightning-related claims volume has fallen since 2017, the average cost has grown 100%, Triple-I reports.

Posted: Jun 21, 2022

The Internet of Things: How sensors are transforming the risk landscape

Chubb’s Hemant Sarma discusses how insurers are using technology to prevent and mitigate risk.

Posted: Jun 21, 2022

The imperfections in Florida's no-fault auto insurance system

The no-fault system is rife for fraudsters’ exploitation and leaves the injured on the hook for unpaid medical bills and lost wages.

Posted: Jun 21, 2022

Breaking down a supply chain cyberattack

Learn the nature of this cyberthreat and actionable steps to mitigate these risks.

Posted: Jun 21, 2022

Top cyber insurance carriers of 2021

The cyber insurance market earned roughly $3.2 billion in premiums in 2021, according to the NAIC and S&P Global Market Intelligence..

Posted: Jun 20, 2022

Tesla reported most automated system-related crashes, NHTSA says

The news comes from the first public release of data on crashes involving level 2 automated driving systems.

Posted: Jun 20, 2022

Report: Top companies saw cyber rate increases over 80% in Q1 2022

A Q1 2022 report from Gallagher found that as cyber premiums have increased, policy limits have shrunk.

Posted: Jun 20, 2022