NU Property & Casualty 360

Most insurers are leveraging the cloud, but few unlock full benefit

More than 80% of insurers use cloud infrastructure today compared with just 29% in 2020.

Posted: Nov 21, 2023

Top 2023 Thanksgiving travel destinations

Thanksgiving travelers in the U.S. tend to prioritize bustling cities with plenty of attractions, Allianz reports.

Posted: Nov 21, 2023

Managing AI risks in the insurance industry

There are real concerns and risks with adopting an AI solution too quickly.

Posted: Nov 20, 2023

ChatGPT and the fight against insurance fraud

AI may be both a source of insurance fraud and a manner in which to detect and prevent it.

Posted: Nov 20, 2023

Class action alleges USAA Insurance arbitrarily reduced, denied claims through automated system

This case was first surfaced by Law.com Radar.

Posted: Nov 20, 2023

Man loses workers' comp benefits after not-so-total disability caught on camera

Video surveillance revealed a man participating in activities that did not square up with his alleged total disability.

Posted: Nov 20, 2023

Keep Thanksgiving cooking fires at bay

Thanksgiving is the day when the most cooking fires occur, according to the National Fire Protection Association.

Posted: Nov 20, 2023

New York governor signs Auto Insurance Consumer Relief Act

Insurance industry trade groups herald the new law, which allows insurers to waive pre0insurance inspections, noting it was a long time in the making.

Posted: Nov 20, 2023

Jets from Brazil: Maryland insurance officials welcome Brazilian regulator

The Maryland Insurance Administration hosted the South American regulator as part of the NAIC’s International Fellows Program.

Posted: Nov 19, 2023

The Dirty Dozen: 2023 Fraud Hall of Shame

A dozen new fraudsters enter the Coalition Against Insurance Fraud's Hall of Shame in 2023.

Posted: Nov 19, 2023

Who's using what in P&C insurance: November 20, 2023

Insurance technology news from Great American, INSTANDA, One Inc and more.

Posted: Nov 19, 2023

Remote workers outperform on-site teams, embrace diversity and innovation

Aquent reports that 67% of remote teams are identified as high-performing versus only 47% of on-site teams.

Posted: Nov 19, 2023

Nowhere is safe from worsening climate change, U.S. report warns

The U.S. has experienced a record-high 25 disasters this year that have generated at least $1 billion in damages each.

Posted: Nov 19, 2023

Insurance carriers with the lowest cost, full-coverage auto

Full coverage auto insurance costs more than double the price of minimum-required coverage, according to Nerdwallet.com

Posted: Nov 19, 2023

Making a difference: November 17, 2023

Philanthropic insurance news from National Council on Compensation Insurance, Main Street America Insurance NFP.

Posted: Nov 16, 2023

People on the move in the P&C insurance industry: November 17, 2023

The latest insurance industry personnel news from National Safety Council, Ardonagh Specialty, Acuity and more.

Posted: Nov 16, 2023

Pennsylvania court clarifies if CBD should be covered under workers' comp

After a lawyer supplied his employer with his CBD oil prescription and receipts, the firm refused to reimburse him on the basis that the oil isn't a pharmaceutical drug.

Posted: Nov 16, 2023

The strategic edge of employee engagement in claims resolution

Enlightened insurance leaders know the true catalyst for successful claims resolution lies in engaging employees.

Posted: Nov 16, 2023

What is a managing general agent?

MGAs can offer insurers a cost-effective entry into new or niche markets without having to make the typical expenditures associated with expansion.

Posted: Nov 16, 2023

The least expensive states to start a business

The U.S. Bureau of Labor Statistics reports that over the last two decades, around 20% of new businesses failed within the first two years.

Posted: Nov 15, 2023

Colorado insurance regulator seeks ALE extensions for Marshall Fire region

Many policyholders would find even a short ALE extension meaningful, the state insurance commissioner said.

Posted: Nov 15, 2023

U.S. businesses drastically misjudging flood risks, Chubb reports

Nearly half of brokers surveyed by Chubb said their clients don’t request flood insurance quotes.

Posted: Nov 15, 2023

Judgment preservation insurance emerges as a valuable risk management option

The increasing popularity of JPI suggests insureds are discovering that it is a very useful tool to mitigate risk.

Posted: Nov 15, 2023

The vital role of training and development in the surety industry

Surety is unique with regulations and specialized practices. Tailored education opportunities are essential.

Posted: Nov 15, 2023

Insurance and liability issues in the gig economy

Gig workers are generally compensated as 1099 independent contractors and have control to set their own schedules.

Posted: Nov 14, 2023