NU Property & Casualty 360

Around the P&C insurance industry: April 3, 2024

Insurance industry news from Arch Insurance, NFP, PCF Insurance Services and more featured in weekly update.

Posted: Apr 02, 2024

Rise in mental health leaves of absence call for proactive measures

ComPsych data shows that within the past six years, mental health-related leaves of absence have increased a shocking 300%.

Posted: Apr 02, 2024

On the road to excellence: Workers' comp insights from the WCI

Andrew Sabolic of the WCI discusses the organization’s work and what makes an excellent workplace safety program.

Posted: Apr 02, 2024

Integrating AI with marketing efforts to increase leads

Most auto and homeowners insurers are using AI tools in their marketing efforts to reach new policyholders.

Posted: Apr 01, 2024

Mississippi Supreme Court rules worker's fall from scaffolding is 'auto accident'

The worker who fell hit his head and suffered severe damage to his eye socket.

Posted: Apr 01, 2024

How homeowners can increase property resiliency in a catastrophe

Fortifying the property and understanding the nuances of homeowners insurance coverage mitigates losses for insureds and insurers.

Posted: Apr 01, 2024

Don’t overlook these small business risks

A survey from Pie Insurance highlights the less visible risks keeping business owners up at night.

Posted: Apr 01, 2024

Futureproofing for insurers: The power of AI and hyper-personalization

Experts with FICO say that with the assistance of AI, insurers can rapidly accelerate modernization efforts.

Posted: Apr 01, 2024

Are EV sales beginning to slump?

Recent sales statistics indicates the electronic vehicle market is down but not out.

Posted: Apr 01, 2024

Rate of fatal traffic crashes in U.S. continue to decline

The final quarter of 2023 was the seventh consecutive period to see a decline in roadway deaths.

Posted: Apr 01, 2024

Solar panel popularity demands better property valuations

Many insureds want to install photovoltaic panels, but experts report inconsistencies in equipment valuations.

Posted: Mar 31, 2024

Cloudflare using lava lamps for secure SSL/TLS encryption

Cybersecurity is only as strong as the random data sources creating encryption keys. True randomness is found in the chaotic physical world.

Posted: Mar 31, 2024

Some states will see homeowners rate increases as high as 23% in 2024

The effects of climate change are putting some states that have historically had lower premiums in the line of fire for more frequent and severe weather events.

Posted: Mar 31, 2024

States with the largest discrepancies in mileage reported to insurers

The average U.S. driver travels around 13,450 miles each year, Insurify reported.

Posted: Mar 31, 2024

Who's using what in P&C insurance: April 1, 2024

Insurance technology news from atNorth, ZestyAI, Ki and more.

Posted: Mar 31, 2024

Florida towing law tackles overbilling, other illegal practices

Unscrupulous towing operators have changed as much as $10,000 for a routine tow, the NICB reports.

Posted: Mar 31, 2024

States with the highest percentage of uninsured homeowners

Around 7% of all homeowners in the U.S. are uninsured, according to the Consumer Federation.

Posted: Mar 28, 2024

Insurer wants out of duty to defend school sexual abuse suit

The suit against the Leonia School Board was filed in November 2021, though the plaintiff says the alleged sexual abuse happened in 1980.

Posted: Mar 28, 2024

How a mechanical engineer built a successful insurance career

This executive's career path illustrates what is possible when insurers purposefully recruit talent from outside the industry.

Posted: Mar 28, 2024

State Farm General Insurance downgraded by AM Best

This news comes on the heels of State Farm pulling back further from the California market.

Posted: Mar 28, 2024

AI agents may improve underwriting process, close talent gaps

Underwriters train AI agents to think like them, teaching the software to perform menial tasks, then larger projects. AI can streamline processes and close talent gaps.

Posted: Mar 28, 2024

People on the move in the P&C insurance industry: March 29, 2024

The latest insurance industry personnel news from Accredited, BMS, CRC Group and more.

Posted: Mar 28, 2024

Making a difference: March 29, 2024

Philanthropic insurance news from Kansas Insurance.

Posted: Mar 28, 2024

How to Manage Compliance at Scale and Capture a Competitive Advantage

As climate risks evolve, competition intensifies, and the agent population ages, carriers reconsider compliance infrastructure.

Posted: Mar 28, 2024

The insurance implications of Baltimore's Key Bridge accident

The investigation into why the ship collided with the bridge is ongoing.

Posted: Mar 27, 2024