NU Property & Casualty 360

Remote-only isn’t the new normal — change is the new normal

Insurance providers navigating the pandemic must consider whether remote-only is the best way to manage their workforces and serve customers.

Posted: Sep 29, 2021

Cast-iron pipe corrosion: Are plumbing claims draining you?

Part 1 of 2: An estimated 76 million homes have cast-iron pipes, which can cost $10,000-$30,000 to replace in a residential home.

Posted: Sep 29, 2021

How the on-demand workforce is transforming insurance needs

As the gig economy expands, regulators are working to catch up with legal rights and work protections for individuals in mind.

Posted: Sep 29, 2021

Cyberthreats top 2021 Travelers Risk Index

A majority of business leaders are confident in their cybersecurity, but less than half have adopted basic preventative measures.

Posted: Sep 29, 2021

IRS cracks down on 'abusive' micro-captive insurers

The agency says micro-captive owners are on the hook for withholding taxes on the cash used to make the premium payments.

Posted: Sep 29, 2021

Hard market trends: What D&O insurance brokers should know

Professional and management liability coverages including directors and officers insurance are more prudent — and expensive — than ever.

Posted: Sep 29, 2021

How ready are U.S. households for an emergency?

Gen X reported being the least prepared, while baby boomers felt they were the readiest to take on adverse situations.

Posted: Sep 29, 2021

5 steps to ensure cyber insurance claims don't get denied

These tips can help business clients reduce potential exposures and maximize insurance recovery after a cyberattack.

Posted: Sep 28, 2021

Trends in Specialty Insurance — A View from the Top

PropertyCasualty360 recently spoke with Mike Kerner, CEO at Munich Re Specialty Insurance to learn more about emerging trends that are impacting brokers and agents.

Posted: Sep 28, 2021

Professional Liability Trends: Beating Cyberrisk

PropertyCasualty360 recently spoke with Steve Pacheco, Head of US Cyber and Technology E&O for Munich Re Specialty Group, as he describes what the landscape looks like and what tips can help reduce exposure.

Posted: Sep 28, 2021

Excess & Surplus Lines: Insurance Solutions for Difficult-to-Place Risks

PropertyCasualty360 recently spoke with Jill Beggs, President of Excess & Surplus Insurance lines at Munich Re Specialty Insurance Group to discuss what the current environment means for E&S lines, the challenges brokers are facing in the space, and...

Posted: Sep 28, 2021

Insurance coverage for pollutant removal following a disaster

Coverage Q&A: The insured discovered asbestos underneath flooring when assessing Hurricane Ida damages.

Posted: Sep 28, 2021

Around the P&C insurance industry: September 29, 2021

News from Burns & Wilcox, Arbella Insurance Group, Crawford Technologies and more.

Posted: Sep 28, 2021

Carriers saw more identify fraud as digital activity spiked

Purely digital transactions and the growing availability of personal data for sale is driving this trend, LexisNexis reported.

Posted: Sep 28, 2021

Blending data & technology to improve compliance

Insurtech is playing a leading role in preventing and detecting improper payments or employee behavior.

Posted: Sep 28, 2021

Six tips for a high-functioning hybrid workforce

Flexible work is here to stay, but many managers are out of touch with their employees, according to Microsoft.

Posted: Sep 28, 2021

Five trends driving ESG risks

Companies need to be aware of global ESG matters to adequately assess potential perils and how they can manifest into liabilities.

Posted: Sep 27, 2021

Ransomware drove cyber losses for small, medium businesses

SMEs face an average ransom of $247,000, while the cost to recover from an incident is around $350,000 for these size businesses.

Posted: Sep 27, 2021

Striking the perfect balance: How insurers need to think about AI

For insurance companies, successful AI deployment requires a careful balance between visionary optimism and cautious pragmatism.

Posted: Sep 27, 2021

PG&E charged with manslaughter for 2020 wildfire that killed four

Evidence suggests California's Zogg Fire last year was caused by a tree falling on the utility's power line.

Posted: Sep 27, 2021

How & why small businesses are targeted by cybercriminals

Experts reveal how these businesses are targeted, why they underappreciate the threat and ways to mitigate these risks.

Posted: Sep 27, 2021

Another court rules on COVID shutdowns & business interruption coverage

The Sixth Circuit has sided with insurers' position that commercial policies do not cover income losses due to government lockdown orders.

Posted: Sep 27, 2021

How insurance agents can maximize customer growth & retention

A study from The Hanover reveals best practices for agency owners seeking to build their business in the coming months.

Posted: Sep 27, 2021

Gen Z, millennials most willing to share data for tailored policies

While the willingness is there, the desire to share data varies depending on the type of information being collected.

Posted: Sep 26, 2021

Who's using what in P&C insurance: September 27, 2021

Insurance technology news from Cover Whale, HOVER, FCCI Insurance Group and more.

Posted: Sep 26, 2021