NU Property & Casualty 360

The power of data and the ‘enlightened’ agency

Jason Keck, founder and CEO of Broker Buddha, joins us for a discussion on modernizing agency practices and effectively using data.

Posted: Jan 23, 2024

Proposed class action raises question of insurers' obligation to pay for loss-of-value damages

Are carriers responsible for the loss of value a third party’s vehicle sustains after an accident caused by a policyholder?

Posted: Jan 23, 2024

Around the P&C insurance industry: January 24, 2024

Insurance industry news from Alta Signa, Kennedys, AgencyBloc and more.

Posted: Jan 23, 2024

Can telematics cure America's distracted driving problem?

Arity reported a 30% increase in the average amount of distracted driving per mile from 2019-2023.

Posted: Jan 23, 2024

Amazon phasing out UK Insurance Store

The online retail giant launched the home insurance aggregator in October 2022.

Posted: Jan 23, 2024

10 insurtechs to watch in 2024

These firms have the people, products and performance metrics to fully modernize insurance, according to the InsureTech Connect Forward50 Americas report.

Posted: Jan 23, 2024

The best U.S. cities to be an insurance agent

The top ten best cities for insurance agents are concentrated in three southwestern states.

Posted: Jan 22, 2024

New licensing requirement for New Jersey home contractors brings needed change

Restitution would be easier for consumers without the need to go to court and engage in litigation with a contractor.

Posted: Jan 22, 2024

Empathy remains critical in a tech-enabled insurance industry

In 2024, empathy will drive insurance customer retention and operational efficiency.

Posted: Jan 22, 2024

Insurance coverage Q&A: Extra expense for cannabis manufacturers loss in rented property

When a cannabis manufacturer sustains a loss in a rented building, can extra expense be used for cleaning the property?

Posted: Jan 22, 2024

North Carolina home insurers seeking 42% rate increase

Coastal properties could face rate increases as high as 99%, according to the state insurance commissioner.

Posted: Jan 22, 2024

How solar photovoltaic structures reduce insurer risk

Some of the risks related to solar photovoltaic structures are not widely recognized or understood.

Posted: Jan 22, 2024

Most trusted U.S. home insurance companies in 2024

Lifestory Research surveyed more than 8,400 Americans about their home insurer during the past 12 months.

Posted: Jan 21, 2024

Who's using what in P&C insurance: January 22, 2024

Insurance technology news from Foxquilt, Bees360, Verisk and more.

Posted: Jan 21, 2024

Renting still less expensive than owning in nearly all of U.S.

Both rent and housing costs escalated in 2023, but rents are rising faster

Posted: Jan 21, 2024

6 Reasons for insurance premium increases

Higher prices are impacting insurance customer satisfaction. It can help to educate insureds about the whys.

Posted: Jan 21, 2024

Iowa man gets 21 months for filing bogus property claims following disasters

Fraud adds 5%-10% to the overall amount in claims paid after a disaster, according to the National Insurance Crime Bureau.

Posted: Jan 21, 2024

Hedge funds rake in huge profits betting on catastrophe risks

In 2023, cat bond issuance reached an all-time high of $16.4 billion, according to Artemis.

Posted: Jan 21, 2024

Are insurers 'out of step' with market demands, challenges?

Now is the time to reshape the insurance business model and technology foundation.

Posted: Jan 18, 2024

'High tech' auto theft ring busted in the Bronx

The criminal enterprise, masterminded by two brothers, reprogrammed cars' computers to give thieves easy, undetected access.

Posted: Jan 18, 2024

People on the move in the P&C insurance industry: January 19, 2024

The latest insurance industry personnel news from DUAL North America, Wallace & Turner, Atain Insurance Companies and more.

Posted: Jan 18, 2024

Allianz to pay $1.5M for denying mental health-related travel insurance claims

Because of the suit, the state’s insurance regulator ordered all travel insurers to remove mental health exclusions.

Posted: Jan 18, 2024

Southwest Airlines wins reversal against Liberty Insurance over computer crash

Writing for the panel, Fifth Circuit Judge James E. Graves Jr. said the court must determine whether the five categories of costs were losses incurred solely as a result of the system failure.

Posted: Jan 18, 2024

States with the slowest growing personal auto rates

Personal auto insurance rates are anticipated to increase around 12% during the coming year, ValuePenguin reports.

Posted: Jan 17, 2024

Class action: The Hartford and Twin City accused of undervaluing wrecked cars

The proposed class encompasses Hartford Insurance policyholders in New Jersey and those insured by Twin City in Missouri who filed claims within certain dates.

Posted: Jan 17, 2024