NU Property & Casualty 360

Insurtech funding up in Q2, but lags 2021 levels

Although the amount invested was up, the number of deals fell 7.7% quarter-on-quarter.

Posted: Aug 10, 2022

McKinney Fire destroys 185 structures, 60K acres in Northern California

More than 60,300 acres have been destroyed since the wildfire was sparked on July 29, 2022, according to Cal Fire.

Posted: Aug 09, 2022

Are you aware of these social engineering tactics?

Social engineering attacks rely on humans to succeed and organizations must focus on training that includes simulation exercises to mitigate risks.

Posted: Aug 09, 2022

Around the P&C insurance industry: August 10, 2022

News from Alera Group, Semsee, At-Bay and more.

Posted: Aug 09, 2022

Rising rates accompany growing demand for active assailant coverage

Demand is up more than 50% and rates for higher-risk businesses are up double-digit in the past 12 months.

Posted: Aug 09, 2022

5 insights for independent agencies

A survey from Vertafore showed 20% of insurance professionals changed jobs in 2021.

Posted: Aug 09, 2022

Kentucky flooding to have limited impact on reinsurers, private insurance

Although private flood insurance has grown in recent years, it remains less than 1% of direct premiums written, Fitch Ratings reported.

Posted: Aug 08, 2022

State seeks receivership for insolvent Florida insurer

The filing listed a series of issues, including saying that the insurer's “assets if made immediately available are insufficient to pay all of its liabilities.”

Posted: Aug 08, 2022

Florida employers: It’s hurricane season—are you really ready?

As we move through the 2022 hurricane season, there is no better time than now for Florida employers to put emergency action plans in place for dealing with natural disasters and other emergencies.

Posted: Aug 08, 2022

Nat-Cat events are hurting Australian insurers' bottom line

GlobalData predicts premium rates in Australia will continue to rise, leading to underinsurance and non-renewal of policies as customers struggle to afford their coverage.

Posted: Aug 08, 2022

Insureon: Top business risks facing retailers

Both physical stores and online retailers can be susceptible to major business losses.

Posted: Aug 08, 2022

3 Tools to successfully analyze COVID-19 claims

How reporting, benchmarking and decision-support tools can help you accurately measure, prioritize and act decisively on pandemic-related claims.

Posted: Aug 08, 2022

How real estate can boost a small-business owner's financial plan

Real estate can help you hedge against inflation and secure your retirement — and it provides tax benefits.

Posted: Aug 08, 2022

Employers rethinking compensation, reward programs as competition for talent continues

There is difficulty attracting and retaining employees with digital skills and professional employees, and more than 60% are having problems hiring and keeping hourly employees.

Posted: Aug 07, 2022

Who's using what in P&C insurance: August 8, 2022

Insurance technology news from Extraordinary Re, Zesty.ai, Cowbell Cyber and more.

Posted: Aug 07, 2022

States with the most motorcycle thefts

Around 42% of stolen motorcycles are recovered, according to the National Insurance Crime Bureau.

Posted: Aug 07, 2022

DE&I initiatives belong in the workers' comp world

Here's how diversity, equity and inclusion programs help attract top employees. They also impact worker well-being.

Posted: Aug 07, 2022

Charter Spectrum on the hook after off-duty employee murdered a customer

Employees further admitted that there was a pattern of thefts by other Spectrum employees against customers and the company failed to take action.

Posted: Aug 07, 2022

Insurance carrier data responsibility in the face of telematics uptick

Insurance carriers have an obligation to safely dispose of policyholder data that no longer serves a legitimate business purpose.

Posted: Aug 07, 2022

Hurricane forecasts trimmed on slow start for Atlantic storm season

Cooler water in the tropical Atlantic will help tamp down the season's ferocity, according to two updated forecasts.

Posted: Aug 05, 2022

People on the move in the P&C insurance industry: August 5, 2022

The latest P&C industry personnel news from Gallagher Re, Agero, Holmes Murphy and more.

Posted: Aug 04, 2022

Policyholder blocked repairs, now can't recover damages from insurer

A Florida Appeals Court upheld that an insured cannot recover damages from an insurance company if they failed to comply with the policy and failed to allow the insurer to make the necessary repairs.

Posted: Aug 04, 2022

The challenge of insuring to value

Insureds need to consider the cost to rebuild a home if it is destroyed when determining its insured value.

Posted: Aug 04, 2022

Can insurers unite with governments against common threats?

The August 2022 issue of NU Property & Casualty magazine honors a proactive approach to mitigating risks.

Posted: Aug 04, 2022

Homeowners aren't taking basic security steps before leaving on vacation

More than 70% of homeowners say they’ll take a vacation sometime before the end of December.

Posted: Aug 04, 2022