NU Property & Casualty 360

Ransomware attacks, third-party liability and you

Organizations need to consider unintended victims and the potential for liability to reliant third parties if their systems are attacked by ransomware.

Posted: Dec 09, 2020

Publix accused of causing worker's COVID-19 death by banning proper PPE

The complaint alleges Publix instructed staff not to wear personal protective equipment without a doctor's note so as not to “incite panic.”

Posted: Dec 09, 2020

Publix accused of causing worker's COVID-19 death

The complaint alleges Publix instructed staff not to wear personal protective equipment without a doctor's note so as to not “incite panic.”

Posted: Dec 09, 2020

Some blame cyber insurers for the consistent rise in ransomware attacks

Some are arguing cyber insurance policies and payouts are fueling the rise in ransomware events.

Posted: Dec 09, 2020

Putting 2020 in the rearview mirror — Part 2

Wildfires changed the landscape, 30 named storms formed in the Atlantic, and rioters demonstrated in cities across the country in a year unlike any other.

Posted: Dec 09, 2020

UBI auto insurance market poised to grow nearly 25%

More than 30% of consumers are showing interest in UBI coverage as they are driving less due to the pandemic.

Posted: Dec 09, 2020

Insurance, finance firms with the most women executives

S&P: Only one company in insurance and financial services can say that nearly half of its executives are women.

Posted: Dec 09, 2020

Around the P&C insurance industry: December 9, 2020

News from Cowbell Cyber, Coalition, Marsh and more.

Posted: Dec 08, 2020

How agents must evolve to better serve their customers in the Digital Age

Facing rapid automation, agents must adapt to evolving tech and customer needs to be successful, trusted advisors.

Posted: Dec 08, 2020

What is a material misrepresentation on an insurance application

Coverage Q&A: Withholding information on an insurance application could mean the difference between a claim being paid or not.

Posted: Dec 08, 2020

More holiday shoppers will buy online in 2020 despite cyber fears

Two-thirds of Americans are concerned about their information being compromised by a data breach this holiday season.

Posted: Dec 08, 2020

Why Fast-Changing Market Conditions Demand Agile Insurtech Ecosystems

The resources required to build technologies from scratch are labor-intensive, and when carriers have a way to shorten the time to market, they achieve a competitive edge.

Posted: Dec 08, 2020

The safest U.S. cities during the COVID-19 pandemic

For insureds, crime rates can play a role in shopping for and the pricing of renters and home insurance.

Posted: Dec 08, 2020

Putting 2020 in the rearview mirror - Part 1

Riots, wildfires, cyberattacks, hurricanes and the coronavirus were at the forefront of an active year filled with insurance claims.

Posted: Dec 08, 2020

House passes 'historic' MORE Act

The MORE Act would remove marijuana from the list of scheduled substances and makes SBA loans and services available to legitimate cannabis businesses.

Posted: Dec 08, 2020

MLB slams insurers with suit over billions in coronavirus losses

Major League Baseball is suing AIG and other insurers for coverage it believes is warranted under the league's all-risks insurance policies.

Posted: Dec 08, 2020

Ransomware: A growing threat to organizations of all sizes

This year's uptick in ransomware attacks is problematic for insurance professionals and policyholders alike. Here's how to respond.

Posted: Dec 07, 2020

Lack of physical loss moves court to reject COVID BI claims

U.S. District Court for the Northern District of Georgia has rejected a bid for business income insurance coverage, joining similar rulings nationwide.

Posted: Dec 07, 2020

Insurance professionals need practical training now more than ever

Here is how employers can develop programs to increase productivity and retention, and guide trainees to more fulfilling insurance careers.

Posted: Dec 07, 2020

Putting 2020 in the rearview mirror — Part 1

Riots, wildfires, cyberattacks, hurricanes and the coronavirus were at the forefront of an active year filled with insurance claims.

Posted: Dec 07, 2020

State of the P&C insurance market in Q3 2020

Burns & Wilcox notes the insurance market continued to harden while capacity remained tight but not scare as carriers deployed resources more strategically.

Posted: Dec 07, 2020

10 cities with the most expensive driver commutes

American drivers who commute 54 minutes five days a week could spend $3,900 a year in fuel and wear and tear costs.

Posted: Dec 07, 2020

Wildfire risk leaves Californians without homeowners insurance

Grappling with a climate emergency, insurance companies say they can't pay for catastrophic losses.

Posted: Dec 06, 2020

Personal lines insurance needs shift as people flee large cities

More than 14 million people have filed a permanent change of address form in 2020.

Posted: Dec 06, 2020

Historic 2020 hurricane season responsible for $60-65B in economic damage

With 30 named storms, 2020 was the most active season in history, but its overall cost underscores its hyperactivity.

Posted: Dec 06, 2020