NU Property & Casualty 360

New licensing requirement for New Jersey home contractors brings needed change

Restitution would be easier for consumers without the need to go to court and engage in litigation with a contractor.

Posted: Jan 22, 2024

Empathy remains critical in a tech-enabled insurance industry

In 2024, empathy will drive insurance customer retention and operational efficiency.

Posted: Jan 22, 2024

Insurance coverage Q&A: Extra expense for cannabis manufacturers loss in rented property

When a cannabis manufacturer sustains a loss in a rented building, can extra expense be used for cleaning the property?

Posted: Jan 22, 2024

How solar photovoltaic structures reduce insurer risk

Some of the risks related to solar photovoltaic structures are not widely recognized or understood.

Posted: Jan 22, 2024

Who's using what in P&C insurance: January 22, 2024

Insurance technology news from Foxquilt, Bees360, Verisk and more.

Posted: Jan 21, 2024

Renting still less expensive than owning in nearly all of U.S.

Both rent and housing costs escalated in 2023, but rents are rising faster

Posted: Jan 21, 2024

Most trusted U.S. home insurance companies in 2024

Lifestory Research surveyed more than 8,400 Americans about their home insurer during the past 12 months.

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

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

6 Reasons for insurance premium increases

Higher prices are impacting insurance customer satisfaction. It can help to educate insureds about the whys.

Posted: Jan 21, 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

'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

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

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

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

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

How to break down insurance customer data

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

Posted: Jan 17, 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

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

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

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

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