NU Property & Casualty 360

Pandemic threats top cyber risks as the biggest threat for businesses in 2020

The main risks in the next 5-10 years will relate to pandemics and infectious diseases, climate change and cyber risks, AXA says.

Posted: Oct 01, 2020

Allstate cuts 3,800 jobs in 'revamp'

The cuts will help 'create a more competitive auto insurance price,' says CEO Tom Wilson.

Posted: Oct 01, 2020

Nearly half of agencies lose 15-20% of policy renewals each year, new data shows

Agents are losing about $43 million in premiums each year from canceled policies, according to Vertafore.

Posted: Oct 01, 2020

Lawsuit over commercial coverage may impact COVID-19 litigation

A Miami restaurant may now become center stage for 'direct physical loss' arguments in COVID-19 cases.

Posted: Sep 30, 2020

Nearly half of agencies lose 15-20% of policy renewals each year

Agents are losing about $43 million in premiums each year from canceled policies, according to data from Vertafore.

Posted: Sep 30, 2020

13 highest-paid CEOs in financial services in 2019

Three P&C insurance leaders are on this list, including two who earned more than 200 times the median employee.

Posted: Sep 30, 2020

Seven signs a claim is about to go wrong

Learning to identify the factors that indicate problems with a claim can save insurers time and money.

Posted: Sep 30, 2020

How to address flood risk and flood insurance misconceptions

Flood insurance is more affordable than people expect, and definitely not the painful insurance buying experience of the past.

Posted: Sep 30, 2020

P&C Legislative Round-Up: October 2020

Here are key insurance-related legislative updates from California, New Jersey, Ohio and more.

Posted: Sep 30, 2020

Consolidation, commissions and the rise of independent brokers

Insurance brokerage M&A activity could lead to more nimble, forward-thinking independent brokers who fully embrace transparency and objectivity.

Posted: Sep 30, 2020

Insurers attempt to 'leapfrog' U.K. COVID-19 case decision

Insurers want to take their pandemic coverage dispute directly to the U.K. Supreme Court if they can’t reach a deal with regulators.

Posted: Sep 30, 2020

Why specialty insurance is ripe for innovation

Specialty claims tend to run longer than traditional P&C claims due to the amount of data attached to the file.

Posted: Sep 30, 2020

A familiar scene in Napa Valley as Glass, Zogg Fires continue to burn

More than 70,000 acres have been burned so far as the Glass and Zogg Fires continue to rage across wine country.

Posted: Sep 30, 2020

9 ways the pandemic is changing the nature of business

To say that businesses have struggled in 2020 is a colossal understatement. But what might that mean for insurance?

Posted: Sep 30, 2020

Observatory insurance: Coverage for telescope computers

Coverage Q&A: Will an observatory's insurance policy cover the computers connected to a telescope?

Posted: Sep 29, 2020

Insurance events & conferences: Fall 2020

Here are the P&C insurance events to have on your radar this October through December.

Posted: Sep 29, 2020

How is COVID-19 affecting insurance claims?

The latest Insurance & Law Today podcast looks at the impact of the coronavirus and hurricanes on the claims process.

Posted: Sep 29, 2020

Around the P&C insurance industry: September 30, 2020

News from USI Affinity, AXA XL, Travelers Companies and more.

Posted: Sep 29, 2020

Top 20 global reinsurers of 2020

An S&P Global Ratings report names the year's top reinsurers, ranked by net premiums written.

Posted: Sep 29, 2020

The role of insurance data in telematics and IoT

Insurance companies must connect and make sense of all the data it collects to achieve a complete 'Customer 360' profile.

Posted: Sep 28, 2020

Americans would be $2.5 trillion richer without income inequality

Economic growth since the mid-1970s hasn’t benefited most American workers, says a new RAND study.

Posted: Sep 28, 2020

Insurers likely to weather impact from virus-related D&O claims

Despite the COVID-19 pandemic adding extra strain to a segment facing increasing threats, insurers may be able to offset losses.

Posted: Sep 28, 2020

DOL proposes rule changes to clarify classification of independent contractors

The proposed rule adopts an “economic reality” test for determining which workers qualify as independent contractors.

Posted: Sep 28, 2020

DOL proposes rule changes to clarify role of independent contractors

'Employers should carefully monitor this development,' says an attorney on the proposed 'economic reality' test.

Posted: Sep 28, 2020

Using texts & selfies for insurance claims

Insurers are using these simple but powerful innovations in a new way to lower claims times and costs.

Posted: Sep 28, 2020