NU Property & Casualty 360

Smart home water monitoring devices prevent property damage

Some insurers incentivize policyholders with discounts to use water monitoring devices, decreasing losses from water damage claims.

Posted: Mar 25, 2024

Self-insured Floridians 'taking an extreme risk'

With the average premium around $6,000, some Floridians are foregoing homeowners insurance in favor of self-insurance with their investments.

Posted: Mar 25, 2024

Insurer hit with 341% surge of lawsuits in Florida federal courts

Among the lawsuits is a civil RICO action over allegations that the insurer and 10 other carriers have operated as a 'cartel.'

Posted: Mar 25, 2024

Baltimore bridge collapses after ship rams into overpass

The disaster at the Francis Scott Key Bridge is likely to cause huge disruption at one of the country's busiest ports.

Posted: Mar 25, 2024

Rampant legal-system abuse contributes to rising insurance costs

This trend subverts the judiciary's truth-finding mandate and promotes the courts as an investment opportunity.

Posted: Mar 25, 2024

Insuring thrill-seekers heading to 2024's top adventure destinations

Review the coverage needs for sports and adventure travel as well as National Geographic’s top adventure destinations.

Posted: Mar 24, 2024

Exploring the role of the insurance department

Each state has an insurance department, but what does it do?

Posted: Mar 24, 2024

Who's using what in P&C insurance: March 25, 2024

Insurance technology news from Family Guardian Insurance Company, ZestyAI, NFP and more.

Posted: Mar 24, 2024

Value of lost, stolen luxury watches soars to €1.5 billion

The Watch Register calls for one centralized global database for lost or stolen luxury watches to reunite more owners with their timepieces.

Posted: Mar 24, 2024

The ecosystem future of insurance claims

Many insurers aren’t yet equipped to integrate multiple technology partners into the claims process.

Posted: Mar 24, 2024

Former Georgia insurance commissioner pleads guilty to fraud

John Oxendine admitted to his role in a health care kickback scheme that netted him hundreds of thousands of dollars.

Posted: Mar 24, 2024

More overlap in case facts needed to deny D&O coverage, Delaware court says

The claim was initially denied because a policy provision excluded coverage for related claims.

Posted: Mar 21, 2024

Preparing your business for spring weather risks

With the possibility of late snowfall and severe weather on the horizon this spring, businesses must create a plan to get ahead of unique spring risks.

Posted: Mar 21, 2024

People on the move in the P&C insurance industry: March 22, 2024

The latest insurance industry personnel news from RT Specialty, State Farm, Chubb and more.

Posted: Mar 21, 2024

NHTSA investigates Honda braking issues, second time in two years

Honda is cooperating with the NHTSA for the second time since 2022 to investigate issues with its emergency braking system.

Posted: Mar 21, 2024

Supreme Court sinks yacht owner’s insurance counterclaim on choice-of-law grounds

U.S. Supreme Court decides choice-of-law provision stands after yacht owner’s insurance called for using state law of Pennsylvania over New York law.

Posted: Mar 21, 2024

Cybersecurity, geopolitical top chief risk officers long-term worries

Although risks are becoming more complex, around 75% of CROs are confident in their organizations' ability to manage them.

Posted: Mar 21, 2024

SEC climate disclosure rules: How insurers can prepare

New SEC rules are designed to standardize climate-related disclosures about GHG emissions and weather-related risks by public companies and offerings.

Posted: Mar 20, 2024

Common cyber-insurance security provisions

Cyber liability coverage is now necessary for most businesses, but it's no substitute for strong cybersecurity procedures.

Posted: Mar 20, 2024

J.D. Power: Homeowners property claim satisfaction at 7-year low

Insureds who use digital tools for claims reporting see faster claim times overall, but J.D. Power found that this hasn’t helped overall satisfaction among those customers.

Posted: Mar 20, 2024

Insureds with AI experience more likely to embrace it, report says

Insurity released the results of its 2024 AI in Insurance Report, revealing 63% of respondents had a positive AI experience with their insurer.

Posted: Mar 20, 2024

Industrial environments more vulnerable to cyberattacks

Outdated equipment and open networks make operational technologies at industrial complexes susceptible to cyberattacks.

Posted: Mar 20, 2024

State Farm furthers retreat from California property market

In total, the company will not be renewing some 72,000 commercial and personal property policies in the state.

Posted: Mar 20, 2024

$15M awarded in pool stairway slip-and-fall

The settlement consisted of $12 million from an AXA XL excess coverage policy and $3 million total from three other policies.

Posted: Mar 19, 2024

10 least affordable housing markets in 2024

Zillow analysis identifies the least affordable housing markets in 2024, discovers a 96.4% hike in mortgage payments and rise in “house hacking.”

Posted: Mar 19, 2024