NU Property & Casualty 360

Cargo owners may bear portion of damages from Baltimore bridge accident

The owner of the cargo ship that involved in Baltimore’s bridge disaster declared general average.

Posted: Apr 15, 2024

Injured workers' most common questions about the claims process

Many claims pain points stem from ineffective communications and a failure to cut through the complexity of the claims process.

Posted: Apr 15, 2024

Altria class action spotlights AI fraud and mitigation

This case serves as a stark reminder of a growing threat: fraudulent claims facilitated by artificial intelligence.

Posted: Apr 15, 2024

Tesla settles wrongful death lawsuit one day before trial starts

Tesla settled with the family of Walter Huang for an undisclosed amount after he was killed in a crash while using its Autopilot software.

Posted: Apr 15, 2024

Motorized scooters, e-bikes and no-fault coverage

The convenience and affordability of motorized scooters, mopeds and E-bikes also comes with a price in the form of injuries, sometimes fatal.

Posted: Apr 14, 2024

Who's using what in P&C insurance: April 15, 2024

Insurance technology news from Send Technology Solutions, Trean Insurance Group, Bond-Pro, and more.

Posted: Apr 14, 2024

Navigating the complexities of representations and warranties insurance

RWI helps facilitate smoother transactions by transferring transaction-related risks to insurance carriers.

Posted: Apr 14, 2024

How California homeowners can protect their assets in 2024

Homeowners in the Golden State must navigate insurance instability and uncertainty with care.

Posted: Apr 14, 2024

Nomination deadline extended for 2024 workers' comp awards

The deadline to nominate is now May 1, 2024.

Posted: Apr 14, 2024

The biggest workers' compensation carriers (based on market share)

Through the first half of 2023, private workers' comp carriers had a 47% combined direct loss ratio.

Posted: Apr 14, 2024

Misunderstanding over auto policy limits potentially reduced settlement by $400K

A law firm initially proposed a $100,000 settlement and alleges the insurer concealed a $500,000 death-claim limit.

Posted: Apr 11, 2024

Flash flooding, tornadoes rock Gulf Coast states

High winds from these storms reportedly cut power to more than 250,000 customers across the south on Wednesday.

Posted: Apr 11, 2024

Top global cities for wealthy property owners

One in five ultra-wealthy individuals plan to invest in real estate during 2024, according to Knight Frank.

Posted: Apr 11, 2024

Making a difference: April 12, 2024

Philanthropic insurance news from IICF.

Posted: Apr 11, 2024

People on the move in the P&C insurance industry: April 12, 2024

The latest insurance industry personnel news from Swiss Re, RT Specialty, bolt and more.

Posted: Apr 11, 2024

How AI can mitigate roof-related insurance losses

Incorrect roof age data is a significant concern for P&C insurers, costing $1.3 billion per year in premium leakage, according to CBIZ.

Posted: Apr 11, 2024

California contract fess up to workers' comp fraud charges

The contractor underreported payroll by nearly $1 million to lower his workers’ comp premium.

Posted: Apr 11, 2024

California contractor fess up to workers' comp fraud charges

The contractor underreported payroll by nearly $1 million to lower his workers’ comp premium.

Posted: Apr 11, 2024

Pet insurance gross written premiums grew more than 20% in 2023

The sector’s gross written premiums have been growing by 20%-30% annually since 2020.

Posted: Apr 10, 2024

How ESG could transform insurance into a more sustainable sector

Insurance companies are in a unique and powerful position to influence behaviors.

Posted: Apr 10, 2024

Survey blames class action spike in-part on surge in 'employee activism'

Labor and employment class actions accounted for 43.4% of legal departments' class action matters in 2023 – an increase of nearly 10 percentage points from a year earlier.

Posted: Apr 10, 2024

Which states have the safest Gen Z drivers?

Estimates from the NHTSA also showed that traffic deaths of people ages 15 to 24 increased 6% in the first half of 2023 compared to the same period in 2022.

Posted: Apr 10, 2024

Number of vehicles stolen in U.S. again surpasses 1 million

As auto thefts rise across the country, lawmakers are considering measures to stem the tides.

Posted: Apr 10, 2024

Summoning the 'insurance genie' for portfolio-wide analysis

AI-driven chat bots could streamline recovery efforts and claims payouts based on comprehensive, portfolio-wide insights.

Posted: Apr 10, 2024

Pennsylvania issues AI guidelines for state-licensed insurers

The April 9 release outlines concerns over bias and transparency in AI-supported decisions, particularly in underwriting.

Posted: Apr 10, 2024