NU Property & Casualty 360

'Wild West of insurance': Attorneys battle over 'regular use' exclusion in UM/UIM policies

The Pennsylvania Supreme Court heard arguments over whether state law prohibits UM/UIM policies from excluding coverage for vehicles a policyholder regularly uses but does not own or insure.

Posted: May 24, 2023

Public adjuster banned from industry for misleading wildfire mailers

The adjuster’s company had submitted claims without the consent or knowledge of homeowners.

Posted: May 24, 2023

Small business cyber trends

Business owners are realizing that they are either uninsured or vastly underinsured for cyber protection.

Posted: May 24, 2023

Calculating attorney fees: Court favors insurer in dispute over legal costs

A Texas appellate court recognized that an insurance carrier is entitled to recover all benefits paid to an injured worker out of the "first money" recovered from a liable third party.

Posted: May 24, 2023

New AI-driven technology helps brokers overcome inefficiencies

Here's what insurance organizations need to consider when adopting new tech to improve business processes.

Posted: May 24, 2023

Who leads the way in claims modernization?

The 2023 PropertyCasualty360 Insurance Luminaries program will honor innovative claims practices and leaders.

Posted: May 24, 2023

Around the P&C insurance industry: May 24, 2023

Insurance industry news from Socotra, Obie, SecondSight and more.

Posted: May 23, 2023

The best road trips in the U.S.

Inflation has driven many to alter their normal travel plans and take to the road for summer vacation.

Posted: May 23, 2023

Legal malpractice claim costs up, despite frequency stabilizing

Ames & Gough reported 70% of the surveyed insurers had a claim payout of more than $50M in the past two years.

Posted: May 23, 2023

Supply & demand imbalance among forces pushing down D&O pricing

Are the middle market and private company D&O the keys to unlocking new opportunities in this sector?

Posted: May 23, 2023

How businesses can guard against email scams

Companies can implement specific procedures to help mitigate the impact of some phishing and cyberattacks.

Posted: May 23, 2023

How dirty data hinders insurance agency success

Clean, reliable data allows agencies to become more agile, responsive and productive. Here's how to get it.

Posted: May 23, 2023

Surfside: The historic settlement and the legislative response

The state’s legislative response presents an interesting case study on government efforts to curb the impact of bad faith laws as a result of lessons learned from this tragedy.

Posted: May 22, 2023

Liberty Mutual outlines how boards of directors can reduce cyber risk

"Breaches can be prevented when employees at every level feel they can be vocal about security weaknesses.”

Posted: May 22, 2023

How insurers can protect against cyber crimes

Insurers that suffer a cyberattack could encounter financial losses, business disruptions and reputational damage, the same losses their policyholders would experience.

Posted: May 22, 2023

A defective precedent for 'defective work' in insurance coverage

Is New York case law ignoring changes to standard ISO CGL policy forms when it comes to construction defects and ‘your work’ exclusions?

Posted: May 22, 2023

Louisiana closes insurance incentive applications as it awaits more funding

The second round of applications for the Insure Louisiana Incentive Program was originally scheduled to remain open through May 25.

Posted: May 22, 2023

Contractor fraud can account for as much as 10% of NAT CAT losses

More than $9 billion was lost to post-disaster contractor fraud in 2021, NICB reports.

Posted: May 22, 2023

Hackers contacted CEO's son, wife to exert pressure in an extortion attempt

The firm didn’t pay the hackers even though the pressure campaign got personal.

Posted: May 22, 2023

Recognizing the indicators of workplace injuries & fatalities

Contractors who implemented a process safety management program experienced a 29% lower rate of serious injuries and fatalities.

Posted: May 22, 2023

Hyundai, Kia settle anti-theft lawsuits for $200M

Lawsuits were filed after viral videos on TikTok and YouTube demonstrated how to steal Kia and Hyundai vehicles with the use of a USB cord.

Posted: May 21, 2023

Who's using what in P&C insurance: May 22, 2023

Insurance technology news from CAPE Analytics, Coaction Specialty Insurance, Nirvana and more.

Posted: May 21, 2023

Florida contractor arrested for lack of workers' comp, licenses during state of emergency

The contractor faces five years in prison if convicted of workers' comp fraud and unlicensed contracting during a state of emergency.

Posted: May 21, 2023

Hackers contacted CEO's son, wife to exert pressure during extortion attempt

The firm didn’t pay the hackers even though the pressure campaign got personal.

Posted: May 21, 2023

Coverage innovation award to honor positive changes

Time is running out to recognize innovative solutions in the PropertyCasualty360 Insurance Luminaries program.

Posted: May 21, 2023