NU Property & Casualty 360

Another court rules in favor of insurer in COVID-19 business interruption suit

The U.S. Court of Appeals for the 11th Circuit has joined courts across the country in siding with an insurer against businesses trying to recoup profits lost during the COVID-19 pandemic.

Posted: Jun 13, 2022

Yellen says EU, UK insurance ban would 'lock in' Russian oil

The U.K. is likely to support a ban, which would lock in a good portion of Russian oil, Yellen says.

Posted: Jun 13, 2022

Resiliency to geopolitical risks is slipping, business leaders indicate

Inflation, war and social unrest are among the issues swirling in the high risk/low resilience geopolitical environment, Beazley reports.

Posted: Jun 13, 2022

J.D. Power: Increased UBI, communication have kept auto satisfaction steady

Customers aren't happy about auto rate increases, but have found value in usage-based technology and transparency from their insurers.

Posted: Jun 13, 2022

Top personal auto insurers of 2021

Consumers largely sought out tried-and-true car insurance brands in 2021. But how long will that last?

Posted: Jun 13, 2022

Two trapped in tank at Mars Wrigley chocolate plant

Local OSHA official says the workers became trapped while performing maintenance inside the tanks.

Posted: Jun 12, 2022

Insurer prevails on appeal in Florida assignment of benefits case

The insurer argued it couldn’t retroactively apply the assignment to the contractor because the policy was issued before the new statute was passed.

Posted: Jun 12, 2022

Who's using what in P&C insurance: June 13, 2022

Insurance technology news from Praxent, West Bend Mutual Insurance Company and more.

Posted: Jun 12, 2022

How state insurance commissioner primaries are shaping up

The winner could play a major role in whether the U.S. moves toward a non-variable annuity sales standard.

Posted: Jun 12, 2022

Drought & dry conditions are elevating wildfire risks in these states

The past decade has been the worst on record for wildfire insurance losses, according to Zesty.ai.

Posted: Jun 12, 2022

Commercial clients short on intangible-asset insurance

Digital assets, proprietary data, brand equity and intellectual property are highly valuable but often have insufficient coverage.

Posted: Jun 12, 2022

Top questions insurance agents, brokers should ask their clients

Rapport is key in order to understand someone’s insurance requirements.

Posted: Jun 09, 2022

Policyholders are warming up to credit-based auto rates

Just 36% of consumers said credit scores shouldn’t be used when determining auto rates, down from 69% this past year.

Posted: Jun 09, 2022

GEICO to pay $5.2M to women who got STD in car

The insured was found liable for not disclosing his infection status after the unnamed parties had sex in his car.

Posted: Jun 09, 2022

People on the move in the P&C insurance industry: June 10, 2022

Liberty Mutual CEO David H. Long to retire, company taps Timothy M. Sweeney as successor.

Posted: Jun 09, 2022

Why an open-brokerage carrier may be the right partner for you

The open-brokerage model can be particularly useful when exploring niche opportunities.

Posted: Jun 09, 2022

Using automation to drive efficiency and improve satisfaction

Maximizing the value of technology begins with giving adjusters more time to provide a personalized experience.

Posted: Jun 09, 2022

2022 Agency of the Year Award honors insurance excellence

Nominations are being accepted now through July 15, 2022, and there is no fee to enter.

Posted: Jun 09, 2022

Have you 'Heard' of insurance coverage for defamation?

Get an in-‘Depp’ crash course on policies endorsements that might respond to slanderous and libelous claims.

Posted: Jun 08, 2022

Common flood insurance myths debunked

Many insureds need to know the facts about flooding in order to make smarter choices about flood coverage.

Posted: Jun 08, 2022

The current state of the insurance market

Several factors, including social inflation and severe weather events, have shaped the current state of the insurance market.

Posted: Jun 08, 2022

Your food & beverage clients are overlooking major risks

Manufacturers’ risks and coverages show a lack of alignment, according to WTW, particularly around environmental and reputational risks.

Posted: Jun 08, 2022

Cyberthreats 2022: What we know so far

As ransomware attacks wane, phishing continues to be the weapon of choice for system access.

Posted: Jun 08, 2022

Property insurance does not cover restaurants' 'physical loss' from COVID-19

Another judicial opinion underscores the dire record of business owners seeking coverage for losses attributed to COVID-19.

Posted: Jun 08, 2022

Real estate for cannabis entities - what are the insurance issues?

Industry expert Danielle Hernandez discusses zoning regulations, leasing and coverage exclusions for cannabis-touching businesses.

Posted: Jun 08, 2022