NU Property & Casualty 360

Iowa man gets 21 months for filing bogus property claims following disasters

Fraud adds 5%-10% to the overall amount in claims paid after a disaster, according to the National Insurance Crime Bureau.

Posted: Jan 21, 2024

Hedge funds rake in huge profits betting on catastrophe risks

In 2023, cat bond issuance reached an all-time high of $16.4 billion, according to Artemis.

Posted: Jan 21, 2024

Are insurers 'out of step' with market demands, challenges?

Now is the time to reshape the insurance business model and technology foundation.

Posted: Jan 18, 2024

'High tech' auto theft ring busted in the Bronx

The criminal enterprise, masterminded by two brothers, reprogrammed cars' computers to give thieves easy, undetected access.

Posted: Jan 18, 2024

People on the move in the P&C insurance industry: January 19, 2024

The latest insurance industry personnel news from DUAL North America, Wallace & Turner, Atain Insurance Companies and more.

Posted: Jan 18, 2024

Allianz to pay $1.5M for denying mental health-related travel insurance claims

Because of the suit, the state’s insurance regulator ordered all travel insurers to remove mental health exclusions.

Posted: Jan 18, 2024

Southwest Airlines wins reversal against Liberty Insurance over computer crash

Writing for the panel, Fifth Circuit Judge James E. Graves Jr. said the court must determine whether the five categories of costs were losses incurred solely as a result of the system failure.

Posted: Jan 18, 2024

States with the slowest growing personal auto rates

Personal auto insurance rates are anticipated to increase around 12% during the coming year, ValuePenguin reports.

Posted: Jan 17, 2024

Class action: The Hartford and Twin City accused of undervaluing wrecked cars

The proposed class encompasses Hartford Insurance policyholders in New Jersey and those insured by Twin City in Missouri who filed claims within certain dates.

Posted: Jan 17, 2024

NY Dept. of Financial Services proposes AI guidance for insurers

In a proposed circular letter, the DFS recommended actions for insurers to prevent discrimination when using AI and ECDIS.

Posted: Jan 17, 2024

Insurance coverage Q&A: Window cleaner scratches glass

When a window cleaner scratches the glass he is working on, is there coverage under a CGL policy?

Posted: Jan 17, 2024

How to break down insurance customer data

Insurance agents can break down data and its opportunities with this easy framework...

Posted: Jan 17, 2024

Techniques for commercial real estate pros to manage insurance costs

Rising insurance costs have created a burden for everyone in the CRE value chain, but some existing tools can help.

Posted: Jan 16, 2024

Around the P&C insurance industry: January 17, 2024

Insurance industry news from Verisk, Ryan Specialty, InsurTech NY and more.

Posted: Jan 16, 2024

Soaring insurance costs add to Red Sea trade chaos

Underwriters are now charging between 0.75% and 1% of the value of the ship to sail through the region.

Posted: Jan 16, 2024

5 AI trends in insurance underwriting for 2024

Data transparency will take center stage.

Posted: Jan 16, 2024

Mitigating mental health-related EPLI claims

Discover why these types of claims are growing and ways employers can recognize accommodation requests.

Posted: Jan 16, 2024

'Pig butchering' and other cybercrimes preying on human psychology rising fast

Internet crime complaints have surged, according to the FBI, with reported financial losses from 2018 through 2022 totaling $27.6 billion.

Posted: Jan 15, 2024

Common issues, tips to navigate related-claims insurance issues

Understanding the scope of related-claim provisions and how they work can minimize surprises should a claim arise.

Posted: Jan 15, 2024

'Out Front Ideas': Issues to watch in 2024 (part 2)

In the second part of this series, review the final 10 issues that could impact workers’ comp and risk management in 2024.

Posted: Jan 15, 2024

Gridlock with D&O insurers is stalling settlements with automaker Nikola's shareholders

Nikola claims it is prepared to resolve claims against its directors and officers, but its insurers refuse to approve to proposals.

Posted: Jan 15, 2024

'Increasingly Difficult': In Davis Polk Retaliation Trial Ex-M&A Leader Talks About Guiding Plaintif...

During the first week of testimony in the trial, which began Jan. 8, a series of current and former Davis Polk professional development employees introduced jurors to the concept of a “time to go” conversation, in which associates are told they need...

Posted: Jan 15, 2024

'Out Front Ideas': Issues to watch in 2024

Examine the prominent obstacles and emerging advancements anticipated to influence workers' compensation and the wider P&C market in the year ahead.

Posted: Jan 14, 2024

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

Insurance technology news from Aspen Insurance and more.

Posted: Jan 14, 2024

Insurance coverage Q&A: An abundance of water, but from where?

When the insured's away and the water leaks, is there coverage?

Posted: Jan 14, 2024