NU Property & Casualty 360

NAIC targets coverage gaps with national climate strategy

The climate strategy was developed under the coordination of the NAIC's Climate and Resiliency Task Force.

Posted: Apr 08, 2024

Dog bite and injury claims exceeded $1 billion in 2023

In 2023, the number of dog bite and injury claims was up 8% compared with the year prior and 110% compared with the past decade.

Posted: Apr 08, 2024

Risk engineer insights: Navigating commercial property risks in 2024

Scott Ewing of AXA XL Risk Consulting discusses modern loss prevention measures for commercial properties.

Posted: Apr 07, 2024

Nations with the highest resilience to physical risks in 2024

FM Global reports that countries that rank among the top 50 most resilient recover from property losses 30% faster than other locations.

Posted: Apr 07, 2024

Feds double-down on financial services cybersecurity warnings

Cyberthreat actors are increasingly using AI to perpetuate fraud, the U.S. Treasury Department reports.

Posted: Apr 07, 2024

The last total eclipse coincided with a big increase in car crashes

Travelers Insurance’s auto expert offers tips to help drivers stay safe during this year’s celestial event.

Posted: Apr 07, 2024

Florida's property insurance market is showing some promise

Eight property and casualty insurers have recently been approved to enter the Florida market.

Posted: Apr 07, 2024

Who's using what in P&C insurance: April 8, 2024

Insurance technology news from The Black Car Fund with CLARA Analytics technology.

Posted: Apr 07, 2024

Early forecast calls for 'well above-average' 2024 hurricane season

There is a 62% chance that a major hurricane will make landfall along the U.S. coastline.

Posted: Apr 04, 2024

Pregnant mom hit by toddler driving Model X sues Tesla

The 2018 incident caused several pelvic fractures and premature birth of the infant. The lawsuit alleges defective design, negligence and consumer fraud.

Posted: Apr 04, 2024

Are dog-related distracted driving laws needed?

Americans are divided evenly on the necessity of requiring dog restraints in cars, according to Erie Insurance.

Posted: Apr 04, 2024

People on the move in the P&C insurance industry: April 5, 2024

The latest insurance industry personnel news from Safety National, Novidea, USQRisk and more.

Posted: Apr 04, 2024

As 'Social Inflation' Helps Fuel 'Nuclear' Verdicts, Insurers Address 'Legal System Abuse'

In this week's Legal Speak episode, James Whittle with the American Property Casualty Insurance Association dives into the impact of what the organization has dubbed "legal system abuse" as social inflation—the belief that large corporations are "bad...

Posted: Apr 04, 2024

7 commercial insurance exposures from the Baltimore bridge collapse

Insurance experts analyze who was involved from a coverage and liability perspective.

Posted: Apr 04, 2024

Can AI improve the predict and prevent paradigm?

AI risk assessments may offer more advantages because they give insureds the tools and information necessary to monitor and improve their properties.

Posted: Apr 04, 2024

White House urges responsible, transparent AI use

Federal leaders in the U.S. want AI safeguards akin to those being developed by the insurance industry.

Posted: Apr 03, 2024

D&O insurance market outlook sours

Declining premium revenues, lower rates, underwriting volatility and litigation led to this hardening, Fitch Ratings says.

Posted: Apr 03, 2024

These states have the most pedestrian traffic fatalities

In the first half of 2023, drivers in the United States struck and killed 3,373 pedestrians, according to data from the GHSA.

Posted: Apr 03, 2024

Insurance coverage Q&A: Vacant or unoccupied?

Whether a property is vacant or simply unoccupied makes a difference when coverage is involved.

Posted: Apr 03, 2024

Swiss Re taps Andreas Berger as next group CEO

Andreas Berger is succeeding Christian Mumenthaler, who is stepping down on July 1, 2024.

Posted: Apr 03, 2024

Recent North Carolina quakes highlight importance of earthquake endorsements

Much like flooding, earthquakes are not typically covered by a standard home insurance policy.

Posted: Apr 03, 2024

Baltimore bridge collapse may trigger historic marine loss, says Lloyd's CEO

Barclays estimated that insurers face claims of as much as $3 billion following the accident.

Posted: Apr 02, 2024

What is synthetic data, and how are insurers using it?

Advances in generative AI have enhanced the accuracy of synthetic data, which makes it a valuable tool.

Posted: Apr 02, 2024

Top 10 P&C carriers for all lines in 2023 based on NAIC report

Insurers across all lines wrote $960,802,932,489 in direct premiums in 2023, according to NAIC market share report.

Posted: Apr 02, 2024

Major earthquake sparks tsunami concerns in Taiwan

The island nation produces more than half of the world's laptops, motherboards and network devices.

Posted: Apr 02, 2024