NU Property & Casualty 360

Cloudflare using lava lamps for secure SSL/TLS encryption

Cybersecurity is only as strong as the random data sources creating encryption keys. True randomness is found in the chaotic physical world.

Posted: Mar 31, 2024

Some states will see homeowners rate increases as high as 23% in 2024

The effects of climate change are putting some states that have historically had lower premiums in the line of fire for more frequent and severe weather events.

Posted: Mar 31, 2024

States with the highest percentage of uninsured homeowners

Around 7% of all homeowners in the U.S. are uninsured, according to the Consumer Federation.

Posted: Mar 28, 2024

Insurer wants out of duty to defend school sexual abuse suit

The suit against the Leonia School Board was filed in November 2021, though the plaintiff says the alleged sexual abuse happened in 1980.

Posted: Mar 28, 2024

AI agents may improve underwriting process, close talent gaps

Underwriters train AI agents to think like them, teaching the software to perform menial tasks, then larger projects. AI can streamline processes and close talent gaps.

Posted: Mar 28, 2024

People on the move in the P&C insurance industry: March 29, 2024

The latest insurance industry personnel news from Accredited, BMS, CRC Group and more.

Posted: Mar 28, 2024

How a mechanical engineer built a successful insurance career

This executive's career path illustrates what is possible when insurers purposefully recruit talent from outside the industry.

Posted: Mar 28, 2024

Making a difference: March 29, 2024

Philanthropic insurance news from Kansas Insurance.

Posted: Mar 28, 2024

How to Manage Compliance at Scale and Capture a Competitive Advantage

As climate risks evolve, competition intensifies, and the agent population ages, carriers reconsider compliance infrastructure.

Posted: Mar 28, 2024

State Farm General Insurance downgraded by AM Best

This news comes on the heels of State Farm pulling back further from the California market.

Posted: Mar 28, 2024

The insurance implications of Baltimore's Key Bridge accident

The investigation into why the ship collided with the bridge is ongoing.

Posted: Mar 27, 2024

Connecticut Insurance Department issues notice on use of aerial imagery in policy nonrenewal

After reviewing complaints where aerial images were relied upon to support nonrenewal, the Department found many of the images did not definitively show material roof damage.

Posted: Mar 27, 2024

Swiss Re: Global insured NAT CAT losses totaled $108B in 2023

In 2023, global insured catastrophe losses exceed $100B for the fourth consecutive year, according to Swiss Re Institute.

Posted: Mar 27, 2024

Cost of car insurance for top-selling cars

ValuePenguin survey results reveal Honda CR-V and Ford F-Series models are the most affordable vehicles to insure, while Tesla’s Y model tops the list for most expensive auto insurance rates.

Posted: Mar 27, 2024

Insurance coverage Q and A: Third-party injured during tire change by covered towing company

When an injury occurs at the scene of a roadside repair, what policy provides coverage if a stranded motorist is injured?

Posted: Mar 27, 2024

Insurers harness next-generation data models to combat wildfire risks

Next-generation wildfire data and risk models allow insurers to pinpoint localized wildfire risk and identify mitigation strategies to lower the propensity for loss.

Posted: Mar 27, 2024

Remote workers and employment-practices liability exposures

Employers are not immune to employment liability exposures just because some or all employees work remotely.

Posted: Mar 27, 2024

Rising risk: Workplace misconduct is harming both employees and companies

When people see others engaging in misconduct, they are more likely to engage in it themselves.

Posted: Mar 26, 2024

Travelers' 2024 Personal Insurance Agents of the Year Award winners share industry insights

Award-winning agencies elaborate on their technology integration and methods for staying informed about evolving policyholder needs.

Posted: Mar 26, 2024

Around the P&C insurance industry: March 27, 2024

Insurance industry news from Duck Creek Technologies, Agero, Marsh and more featured in weekly update.

Posted: Mar 26, 2024

Smart home devices may lure insureds to new insurers

One-third of homeowners with internet say they would switch to a new insurer to get smart home devices for safety and security.

Posted: Mar 26, 2024

Homeowners say coverage affordability is becoming more challenging

Most policyholders blame inflation and home prices for recent premium increases.

Posted: Mar 26, 2024

Affinity vs. embedded insurance and today’s consumers

Affinity insurance marketing remains crucial despite shifting policyholder tastes, says PIMA Executive Director Ann Dieleman.

Posted: Mar 26, 2024

U.S. P&C industry saw $21.2 billion underwriting loss in 2023

Swiss Re has forecast a much more favorable 2024 for the industry, predicting strong premium growth of 7% for the year.

Posted: Mar 25, 2024

Drivers in these states get the most speeding tickets

How much does getting a speeding ticket really affect a driver's auto insurance premium?

Posted: Mar 25, 2024