NU Property & Casualty 360

Insurance brokerage M&A activity dropped nearly 17%, but was still above average in 2023

While deal volume dropped year-on-year, MarshBerry still expects 2023 to see the third-highest transaction volume on record.

Posted: Jan 09, 2024

Around the P&C insurance industry: January 10, 2024

Insurance industry news from Travelers, Alta Signa, Claim Assist Solutions and more.

Posted: Jan 09, 2024

FTC offering cash prizes for ideas to crack down on voice cloning

The fact that the FTC launched the unusual competition reflects concerns that AI advances will make voice-cloning efforts faster to pull off and harder to detect.

Posted: Jan 09, 2024

J.D. Power: The factors changing insurance

The P&C insurance sector is now engaged in a notable business transition, according to a new report.

Posted: Jan 09, 2024

Workers' comp rate adequacy, changing workforce among sector executive's top concerns

The NCCI surveyed 101 executives from 98 workers’ comp carriers to uncover the leading concerns in the sector.

Posted: Jan 09, 2024

Weather trends insurance pros (and clients) should monitor in 2024

Severe hail and thunderstorms, hurricanes and wildfires all caused widespread destruction and loss during 2023.

Posted: Jan 09, 2024

Montana insurance agency owner sentenced to 4 years in prison for fraud, ID theft

The agent impersonated a college employee and fraudulently set up an insurance financing agreement.

Posted: Jan 08, 2024

What wealthy clients want from their insurance agent

According to data from the Federal Reserve, the number of U.S. households with net assets over $1 million grew 63% from 2019 to 2022.

Posted: Jan 08, 2024

Sharp uptick in ER visits, hospitalizations for COVID, flu & RSV (and gaining momentum)

A federal mask mandate is unlikely, but health officials and hospitals in California, Illinois, Massachusetts, and New York have again told staff and patients to don masks.

Posted: Jan 08, 2024

Student loan relief could attract more insurance workers

Recent findings from the ADP Research Institute indicate 64% of workers with high student debt are looking to change jobs.

Posted: Jan 08, 2024

Tesla recalling 1.6M cars in China over Autopilot crash risk

The Chinese recall, which will be fixed with an over-the-air update, is similar to one taking place in the U.S.

Posted: Jan 08, 2024

IVANS execs optimistic about insurer connectivity

'Data' is no longer a buzz word, and top-tier insurances carriers are moving beyond 'digital transformation.'

Posted: Jan 08, 2024

Top rated renters insurance companies to start 2024

Renters in Wyoming and Alaska see an average premium of about $8/month, the lowest in the U.S.

Posted: Jan 07, 2024

Who's using what in P&C insurance: January 8, 2024

Insurance technology news from CoverForce, Duck Creek Technologies and more.

Posted: Jan 07, 2024

12 biggest financial services data breaches of 2023

The incidents affected everything from Social Security numbers to debit card security codes.

Posted: Jan 07, 2024

7 claims executive insurtech predictions for 2024

Crawford & Co. leaders foresee significant insurtech development this year, largely driven by catastrophe costs.

Posted: Jan 07, 2024

Forecasting what 2024 will bring for wine, brewing & spirits industries

Weather-related risks challenged wineries throughout 2023. Will 2024 hold more of the same?

Posted: Jan 07, 2024

Global reinsurance market enters stable period, Howden reports

Insurance organizations are urged to 'offer innovative products that meet clients’ changing needs.'

Posted: Jan 07, 2024

Industries with the highest workplace fatality rates

‘Contact with object or equipment’ was the most common cause of workplace deaths in 2022.

Posted: Jan 04, 2024

Making a difference: January 5, 2024

Philanthropic insurance news from Spot Pet Insurance, Selective Insurance Group Foundation, Main Street America Insurance and more.

Posted: Jan 04, 2024

People on the move in the P&C insurance industry: January 5, 2024

The latest insurance industry personnel news from IMA Financial Group, World Insurance Associates, Optio Group and more.

Posted: Jan 04, 2024

The promising market for professional liability insurance

This market is buyer-friendly with long-term expansion possibilities. Here's how to grow your portfolio.

Posted: Jan 04, 2024

Insurance coverage Q&A: Shifting house and coverage for repairs

When a water leak causes the house to shift, exactly what is covered under the land stabilization endorsement?

Posted: Jan 04, 2024

Business travelers are easy targets for cybercriminals

Less than one-third of business travelers avoid unsecured Wi-Fi networks, according to World Travel Protection.

Posted: Jan 03, 2024

Majority of Americans say car insurance is becoming unaffordable

More than 20% of U.S. drivers bought less coverage than they desired as a way to save money in 2023.

Posted: Jan 03, 2024