NU Property & Casualty 360

Cost of car insurance for top-selling cars

ValuePenguin survey results reveal Honda CR-V and Ford F-Series models are the most affordable vehicles to insure, while Tesla’s Y model tops the list for most expensive auto insurance rates.

Posted: Mar 27, 2024

Insurance coverage Q and A: Third-party injured during tire change by covered towing company

When an injury occurs at the scene of a roadside repair, what policy provides coverage if a stranded motorist is injured?

Posted: Mar 27, 2024

Insurers harness next-generation data models to combat wildfire risks

Next-generation wildfire data and risk models allow insurers to pinpoint localized wildfire risk and identify mitigation strategies to lower the propensity for loss.

Posted: Mar 27, 2024

Connecticut Insurance Department issues notice on use of aerial imagery in policy nonrenewal

After reviewing complaints where aerial images were relied upon to support nonrenewal, the Department found many of the images did not definitively show material roof damage.

Posted: Mar 27, 2024

Swiss Re: Global insured NAT CAT losses totaled $108B in 2023

In 2023, global insured catastrophe losses exceed $100B for the fourth consecutive year, according to Swiss Re Institute.

Posted: Mar 27, 2024

Remote workers and employment-practices liability exposures

Employers are not immune to employment liability exposures just because some or all employees work remotely.

Posted: Mar 27, 2024

Smart home devices may lure insureds to new insurers

One-third of homeowners with internet say they would switch to a new insurer to get smart home devices for safety and security.

Posted: Mar 26, 2024

Homeowners say coverage affordability is becoming more challenging

Most policyholders blame inflation and home prices for recent premium increases.

Posted: Mar 26, 2024

Affinity vs. embedded insurance and today’s consumers

Affinity insurance marketing remains crucial despite shifting policyholder tastes, says PIMA Executive Director Ann Dieleman.

Posted: Mar 26, 2024

Rising risk: Workplace misconduct is harming both employees and companies

When people see others engaging in misconduct, they are more likely to engage in it themselves.

Posted: Mar 26, 2024

Travelers' 2024 Personal Insurance Agents of the Year Award winners share industry insights

Award-winning agencies elaborate on their technology integration and methods for staying informed about evolving policyholder needs.

Posted: Mar 26, 2024

Around the P&C insurance industry: March 27, 2024

Insurance industry news from Duck Creek Technologies, Agero, Marsh and more featured in weekly update.

Posted: Mar 26, 2024

Drivers in these states get the most speeding tickets

How much does getting a speeding ticket really affect a driver's auto insurance premium?

Posted: Mar 25, 2024

U.S. P&C industry saw $21.2 billion underwriting loss in 2023

Swiss Re has forecast a much more favorable 2024 for the industry, predicting strong premium growth of 7% for the year.

Posted: Mar 25, 2024

Insurer hit with 341% surge of lawsuits in Florida federal courts

Among the lawsuits is a civil RICO action over allegations that the insurer and 10 other carriers have operated as a 'cartel.'

Posted: Mar 25, 2024

Smart home water monitoring devices prevent property damage

Some insurers incentivize policyholders with discounts to use water monitoring devices, decreasing losses from water damage claims.

Posted: Mar 25, 2024

Self-insured Floridians 'taking an extreme risk'

With the average premium around $6,000, some Floridians are foregoing homeowners insurance in favor of self-insurance with their investments.

Posted: Mar 25, 2024

Rampant legal-system abuse contributes to rising insurance costs

This trend subverts the judiciary's truth-finding mandate and promotes the courts as an investment opportunity.

Posted: Mar 25, 2024

Baltimore bridge collapses after ship rams into overpass

The disaster at the Francis Scott Key Bridge is likely to cause huge disruption at one of the country's busiest ports.

Posted: Mar 25, 2024

Insuring thrill-seekers heading to 2024's top adventure destinations

Review the coverage needs for sports and adventure travel as well as National Geographic’s top adventure destinations.

Posted: Mar 24, 2024

Exploring the role of the insurance department

Each state has an insurance department, but what does it do?

Posted: Mar 24, 2024

Who's using what in P&C insurance: March 25, 2024

Insurance technology news from Family Guardian Insurance Company, ZestyAI, NFP and more.

Posted: Mar 24, 2024

Value of lost, stolen luxury watches soars to €1.5 billion

The Watch Register calls for one centralized global database for lost or stolen luxury watches to reunite more owners with their timepieces.

Posted: Mar 24, 2024

Former Georgia insurance commissioner pleads guilty to fraud

John Oxendine admitted to his role in a health care kickback scheme that netted him hundreds of thousands of dollars.

Posted: Mar 24, 2024

The ecosystem future of insurance claims

Many insurers aren’t yet equipped to integrate multiple technology partners into the claims process.

Posted: Mar 24, 2024