NU Property & Casualty 360

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Outdated equipment and open networks make operational technologies at industrial complexes susceptible to cyberattacks.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

Labor trends flashing positive for workers' comp, NCCI reports

Wages have continued growing, in turn boosting payrolls and premiums for most industries.

Posted: Mar 19, 2024

Around the P&C insurance industry: March 20, 2024

Insurance industry news from Nordic Capital, Chubb, USQRisk and more featured in weekly update.

Posted: Mar 19, 2024

EPA bans ongoing use, importing of chrysotile asbestos

Chrysotile is the only known type of asbestos still being imported, processed and distributed in the U.S.

Posted: Mar 19, 2024

Most insurance agencies grew revenues, production in 2023

Part 3 of 3: Agents are muddling through rising premiums, tough technology and a challenging regulatory environment.

Posted: Mar 19, 2024

Are Gen Z workers more traditional than we think?

Gen Z’s reputation for fearless quitting when their needs aren’t met has been met with disapproval from some older managers, but their attitude represents an enormous opportunity.

Posted: Mar 18, 2024

My insurance claim was denied. Now what?

There are steps an insured can take if they find themselves on the receiving end of a claim denial.

Posted: Mar 18, 2024

Product recalls hit 7-year high in 2023

While the number of events was up, the total number of units recalled saw a 50% decrease compared with 2022, Sedgwick reports.

Posted: Mar 18, 2024

Waymo robotaxis spark controversy with new L.A. fleet

Waymo released a new fleet of driverless vehicles in L.A. on March 14, with some hailing the robotaxi service as revolutionary and others weary of dangers.

Posted: Mar 18, 2024

Jon Farney named State Farm CEO, Michael Tipsord to retire

Tipsord is retiring after 36 years with the company. He will continue on in his role as chairman of the company's board.

Posted: Mar 18, 2024

Tech problems continue to vex today's insurance agents

Part 2 of 3: Survey indicates insurtech tools are abundant, but they don’t necessarily meet insurance-agent needs.

Posted: Mar 18, 2024

Fraud roundup: Bogus invoices, fake pet claims & stolen lawnmowers

The FC&S coverage experts review some recent instances of insurance fraud.

Posted: Mar 17, 2024

Tornados, severe weather carve path of damage across Midwest

Officials report at least half of the buildings in one Indiana town were damaged by a tornado in last week's storms.

Posted: Mar 17, 2024

Who's using what in P&C insurance: March 18, 2024

Insurance technology news from Oneglobal, Earnix, RSQRisk and more.

Posted: Mar 17, 2024

3 reasons young adults in college need property insurance

New graduates moving away for school or work often need renters insurance to cover losses from theft or property damage.

Posted: Mar 17, 2024

California's insurer of last resort unprepared for big disaster

The California FAIR Plan faces $311 billion in potential losses, up from $50 billion six years ago.

Posted: Mar 17, 2024

Insurance pros: Glass half-empty or half-full?

Part 1 of 3: The 2024 Independent Insurance Agent Survey reveals how producers are weathering the historic hard market.

Posted: Mar 17, 2024