NU Property & Casualty 360

Most industries seeing relief from ransomware, but insurance isn't one

Smaller insurers became a favorite target for the LockBit ransomware gang during Q1 2022.

Posted: May 20, 2022

Coastal erosion: Two N.C. homes wash away on same day

The collapses, which happened while the homes were unoccupied, highlight the growing risk from erosion and rising sea levels.

Posted: May 20, 2022

Busting the biggest auto insurance myths

Auto insurance can be downright baffling for consumers, and according to research from Forbes Advisor, 40% of insureds believe they have coverage in…

Posted: May 20, 2022

Supreme Court urged to 'just say no' to workers' comp marijuana cases

The U.S. Solicitor General's Office on May 16, 2022, urged the U.S. Supreme Court not to jump into the debate over whether workers' compensation should…

Posted: May 19, 2022

People on the move in the P&C insurance industry: May 20, 2022

The latest P&C industry personnel news from AXA XL, Alera Group, Hippo and more.

Posted: May 19, 2022

4 insurance tech themes driving innovation amid uncertainty

Embracing innovation can allow insurers to remain competitive in uncertain times.

Posted: May 19, 2022

Insights into the environmental liability insurance market growth trend

Environmental exposures that once would have gone unnoticed or ignored are now receiving attention thanks to heightened focus on pollutants.

Posted: May 19, 2022

Tesla says it can lower insurance costs & make driving safer

Insurance is one example of how Tesla operates as a series of startups doing things other car companies aren’t, according to its CEO.

Posted: May 19, 2022

Consumer prices growing faster than workers' comp medical costs

For the first time in 20 years, consumer prices ‘significantly’ outpaced medical costs, according to the NCCI.

Posted: May 19, 2022

Do your AI hiring tools violate ADA, EEOC laws?

As AI use in hiring becomes more common, employers must examine whether the technology is truly unbiased, or if it harms those with disabilities.

Posted: May 18, 2022

3 things agents should know about disability insurance

Disability causes home foreclosures 16 times more often than death does.

Posted: May 18, 2022

How to really unlock the power of AI in insurance

Here are a few things that insurers need to keep in mind as they look to build up their AI capabilities.

Posted: May 18, 2022

Insurers cancel policies while DeSantis says property insurance reforms coming

As part of an agreement, 56,500 FedNat Insurance Co. policies are being canceled, while some insurers have proposed rate hikes of more than 20%.

Posted: May 17, 2022

Removing noise from small commercial insurance data

Bad data is worse than no data. Review how to cut through to the useful insights insurance data carries.

Posted: May 17, 2022

Tools & talent: Insurers need both in claims

Striking a balance between tech tools and human skills will require more strategic thinking around claims operations.

Posted: May 17, 2022

Around the P&C insurance industry: May 18, 2022

News from BXS Insurance, NFP, Ryan Specialty and more.

Posted: May 17, 2022

Flood insurance urgency continues in 2022

Many homeowners are turning to private flood insurance as an alternative to challenges with the National Flood Insurance Program.

Posted: May 17, 2022

The 10 most costly U.S. floods

Flood losses are expensive, but a bit of community preparation can go a long way to minimizing your risk this hurricane season.

Posted: May 17, 2022

Fraud in disaster claims cost insurers as much as $9.2B in 2021

Fraud adds 5%-10% to the total claims paid following a disaster, according to the NICB.

Posted: May 16, 2022

TikTok sued following death of 10-year-old user of the social app

Social media firms continue to take advantage of a vulnerable population, will their insurers be on the hook to defend and indemnify?

Posted: May 16, 2022

Engineering firm’s insurers agree to settlement over Surfside collapse

Details about the settlement are remaining confidential for the time being, a representative from Morabito said.

Posted: Feb 25, 2022

Protecting the madness: Insurance and the NCAA tournament

Insuring an event as large as the NCAA basketball tournament comes with a unique set of challenges.

Posted: Feb 25, 2022

Insurers need to find focus and create value

P&C insurers face headwinds from low interest rates as well as an overabundance of carriers in many businesses.

Posted: Feb 25, 2022

Professions with the highest annual long term disability premiums

The average monthly amount of long term disability benefits increased 23% from 2020-2021.

Posted: Feb 25, 2022

Q&A: The lawyers who reached $73M Sandy Hook settlement with Remington

". . . When you write umbrella policies for gun makers, you are underwriting the risk of a mass shooting."

Posted: Feb 24, 2022