NU Property & Casualty 360

Munich Re stops selling pandemic insurance coverage

In addition to significant COVID-19-related losses, the German insurer also recently suffered major claims tied to the Beirut explosion and natural disasters.

Posted: Sep 23, 2020

LexisNexis pays $9.8M to Florida over car crash report fees

The company allegedly underreported the number of car crash reports it sold while serving as a vendor to avoid paying state fees.

Posted: Sep 23, 2020

Explosive liability: Takeaways from the Beirut tragedy

The Beirut explosion is the most recent example of a major accident involving improper storage of hazardous chemicals.

Posted: Sep 23, 2020

House vote prevents NFIP lapse with 1-year extension, pending Senate approval

The House budget bill would grant the NFIP – set to expire Sept. 30 – its 16th short-term extension since 2017.

Posted: Sep 23, 2020

Growth in 5G and IoT presents new 'physical' cyber threats

Cyber-related incidents resulting in damage to physical property have the potential to become an issue as big as data theft or ransomware in the next few years.

Posted: Sep 23, 2020

QBE to appeal U.K. coronavirus coverage ruling

The U.K. High Court judgment would expose QBE to around $170 million in additional claims.

Posted: Sep 23, 2020

What causes the most injuries at home?

Yard work and home improvement projects contributed to more than 775,000 injuries in the last year.

Posted: Sep 23, 2020

Insurance Speak: A conversation with Sedgwick's new president

Bob Peterson addresses the challenges and opportunities available in a rapidly changing insurance environment.

Posted: Sep 22, 2020

Around the P&C insurance industry: September 23, 2020

News from CFC, Beazley, Zurich North America and more.

Posted: Sep 22, 2020

Business income coverage for disruptions in contractual work

Coverage Q&A: The insured had to pause its operations under a contract after a tornado damaged the business premise.

Posted: Sep 22, 2020

Mitigation: An essential step in any emergency response plan

Effective mitigation efforts reduce risk and keep people, property and communities safe.

Posted: Sep 22, 2020

N.J. court refuses to dismiss COVID-19 coverage claims

The court rejected an insurer’s claim that pandemic-related business interruption losses cannot qualify as damages under a policy.

Posted: Sep 22, 2020

Tropical Storm Beta unleashes heavy rains, floods in Texas

Beta is the ninth storm to hit the U.S. this year, tying a record set in 1916.

Posted: Sep 22, 2020

Managing negligent security risks — Part 2

Following a violent attack, a claims professional should assemble the proper team to ensure the investigation is performed correctly.

Posted: Sep 22, 2020

Hurricane Sally insured loss estimates top $2 billion

Category 2 Sally hit coastal communities in Alabama and Florida last week with heavy rainfall and a storm surge of 6-7 feet.

Posted: Sep 22, 2020

The 14 hardest-working states in the U.S.

Americans averaged 1,779 hours on the job in 2019.

Posted: Sep 22, 2020

NJ court refuses to dismiss COVID-related business interruption claims

The court rejected an insurer’s claim that COVID-related losses cannot qualify as covered losses.

Posted: Sep 21, 2020

Merging technology, claims & usage-based insurance

As insurers begin to realize initial benefits from telematics implementations, additional return on investment becomes even more viable.

Posted: Sep 21, 2020

COVID-19 accelerates the adoption of telemedicine in aging services

Telehealth is not only expanding services to a vulnerable population, but it also is driving new changes across the aging services industry.

Posted: Sep 21, 2020

Opportunities abound for agents to enhance personal lines services

A Nationwide study shows that consumers have evolving needs that require the support and expertise of insurance agents.

Posted: Sep 21, 2020

Gallagher claims competitor aided employees, clients in acts of retaliation

Alliant of accused stealing Gallagher's confidential information and rebranding documents after a deal between the brokers fell through.

Posted: Sep 21, 2020

Gallagher says competitor aided its employees, clients in acts of retaliation

Alliant of accused stealing Gallagher's confidential information and rebranding documents after a deal between the brokers fell through.

Posted: Sep 21, 2020

Managing negligent security risks — Part 1

These cases typically involve violent crime, broad press coverage, sympathetic juries and significant awards.

Posted: Sep 21, 2020

Managing negligent security risks - Part 1

These cases typically involve violent crime, broad press coverage, sympathetic juries and significant awards.

Posted: Sep 21, 2020

Client sues his lawyer's insurance carrier for legal malpractice

The suit alleges the insurer's advice to 'do nothing' on a legal malpractice claim caused James Irwin to miss the deadline under the statute of limitations.

Posted: Sep 21, 2020