NU Property & Casualty 360

Insurance company off the hook for $750K+ personal injury award

The company prevailed before the New Jersey Appellate Division in its argument that it is not required to cover a personal injury claim because the injured person lived with the policyholder.

Posted: Oct 18, 2023

Nearly one-third of data backups fail after a ransomware attack, At-Bay reports

At-Bay dives into the claims data to uncover ways organizations can enhance data backup strategies.

Posted: Oct 18, 2023

Cyberattack on major payment system could cause $3.5T loss, Lloyd's says

The U.S., China and Japan would be the hardest hit if the hypothetical, but plausible, scenario unfolded, according to the London market.

Posted: Oct 18, 2023

How incentive travel programs can transform your bottom line

Unveiling the magic: Insurance businesses that incentivize travel gain a competitive edge with prospective employees.

Posted: Oct 18, 2023

Very few companies feel prepared to manage AI risks

Data privacy and cyber risks are the areas that cause the most worry around generative AI use.

Posted: Oct 18, 2023

Around the P&C insurance industry: October 18, 2023

Insurance industry news from Canopius Group, Clearspeed, NFP and more.

Posted: Oct 17, 2023

IICF supports Raphael House’s work with low-income families

This story is part three of a five-part series for the Insurance Industry Charitable Foundation (IICF) Week of Giving.

Posted: Oct 17, 2023

Real-life renters’ insurance claims tenants should know about

It is a common misconception that landlords are responsible for all financial losses that occur inside a rental home.

Posted: Oct 17, 2023

U.S. plans to push other countries not to pay hacker ransoms

This is a first step toward a broader effort to curb ransom payments to hackers.

Posted: Oct 17, 2023

Safeguarding our future: Cyber insurance in the public sector

According to IBM, the average cost of a data breach in the U.S. is $9.44 million.

Posted: Oct 17, 2023

Navigating Florida's insurance challenges with parametric solutions

Florida accounts for only 9% of U.S. insurance claims but represents 79% of homeowners' lawsuits.

Posted: Oct 17, 2023

Phrases to avoid in client discussions (and what to say instead)

Each customer interaction is an opportunity to prove your company's value.

Posted: Oct 16, 2023

How Kids’ Meals and IICF are fighting childhood hunger in Houston

This story is part two of a five-part series for the Insurance Industry Charitable Foundation (IICF) Week of Giving.

Posted: Oct 16, 2023

Global insurance execs rank cyber among biggest trends affecting industry

Insurers still using legacy systems could be more exposed to growing cyberthreats, Earnix noted in its 2023 industry trends report.

Posted: Oct 16, 2023

Failure to satisfy deductible leads to no coverage for hail damaged property

The policy stated that damage to property would be covered if the total cost of the destruction exceeded the deductible.

Posted: Oct 16, 2023

Hard market creates more E&O exposure for insurance agents

Proper coverage isn’t just important for protecting clients; it’s also important for agents and brokers to protect themselves. Are you ready?

Posted: Oct 16, 2023

How to more accurately manage risk with geolocation data

Having accurate, up-to-date geolocation data is more critical than ever as property risk shifts to reflect a changing climate.

Posted: Oct 16, 2023

Beyond Hunger and IICF providing relief for Chicago food insecurity

This story is part one of a five-part series for the Insurance Industry Charitable Foundation (IICF) Week of Giving.

Posted: Oct 15, 2023

Insurance coverage Q&A: Artificial turf and trees, shrubs, plants and lawns

Is artificial turf part of coverage B — other structures, or part of coverage A or coverage C?

Posted: Oct 15, 2023

Who's using what in P&C insurance: October 16, 2023

Insurance technology news from BDI Global, Betterview, ManageMy and more.

Posted: Oct 15, 2023

Slide acquires renewal rights for 86K Farmers' home policies in Florida

As it stands, the insurtech has roughly 170,000 home insurance policies in the state.

Posted: Oct 15, 2023

These states are seeing the most auto thefts with U.S. on pace to set record

Illinois, New York and Ohio saw double-digit increases in the rate of stolen vehicles during the first half of 2023, according to the NICB.

Posted: Oct 15, 2023

Inside Nationwide's 'bionic business model'

Executive Vice President and CTO Jim Fowler considers generative AI to be pivotal to the company’s future.

Posted: Oct 15, 2023

Risks of hosting EV charging stations

There are many reasons for commercial property owners to have EV charging, but new technologies bring their own risks.

Posted: Oct 12, 2023

People on the move in the P&C insurance industry: October 13, 2023

The latest insurance industry personnel news from ATF Medical, Alliant Insurance Services, Inver Re and more.

Posted: Oct 12, 2023