NU Property & Casualty 360

Lightning-related home insurance claims totaled $952M in 2022

The average cost per lightning-related claim in 2022 decreased by nearly 30% compared with 2021, according to Triple-I.

Posted: Jun 20, 2023

Brace for insurance lawsuits as Florida casts wider net in investigations

Florida CFO Jimmy Patronis said the state is broadening its investigation into alleged insurance fraud.

Posted: Jun 19, 2023

Ga. court mulls UM coverage in case over farm policy interpretation

Duty to read, dual agency and interpretation of case law converge in an auto tort where a tractor was rear ended by an uninsured car.

Posted: Jun 19, 2023

Forbes Advisor: Top states for billion-dollar disasters in 2023

Researchers determined that two out of five homeowners in the U.S. worry they will soon fall victim to a weather event.

Posted: Jun 19, 2023

Side effects may vary: Medical marijuana's unintended impact on workers' comp

A lack of thorough research on marijuana is resulting in more questions than answers when it comes to its impact on work safety and accidents.

Posted: Jun 19, 2023

Acrisure interviewing banks as it mulls 2024 IPO

The company is expected to be valued at well over $20 billion.

Posted: Jun 19, 2023

Tropical Storm Bret could strengthen to first hurricane of 2023

The tropical system is forecast to reach the Lesser Antilles and Puerto Rico later this week.

Posted: Jun 19, 2023

Keep calm & drive on: Tips for keeping a cool head in summer traffic

A ticket for tailgating or careless driving can result in a nearly 50% rate increase.

Posted: Jun 19, 2023

Who's using what in P&C insurance: June 19, 2023

Insurance technology news from IAT Insurance Group, Guidewire, Bees360 and more.

Posted: Jun 18, 2023

Four things businesses expanding into Florida need to know about insurance coverage

The challenging insurance market means that companies should understand the factors affecting property and business rates.

Posted: Jun 18, 2023

Generali buying Liberty Mutual's Western European personal, small commercial businesses

Generali Group is buying Liberty Suguros’ operations in Ireland, Northern Ireland, Portugal and Spain for $2.5B in an all-cash deal.

Posted: Jun 15, 2023

People on the move in the P&C insurance industry: June 16, 2023

The latest insurance industry personnel news from Constellation Insurance, XPT Specialty, Exdion Solutions and more.

Posted: Jun 15, 2023

Demystifying cyber insurance & the required data to insure at-scale

Carriers need cyber security services firms for active engagement and collaboration to develop and support a dynamic product.

Posted: Jun 15, 2023

Making a difference: June 16, 2023

Philanthropic insurance news from Invest, BlueSky Restoration Contractors, the Wholesale and Specialty Insurance Association and more.

Posted: Jun 15, 2023

Georgia court eyes 'authorized physician' term in workers' comp claims

'If you don't have the authorized treating physician's report releasing the person to full duty, then it's like a crapshoot,' Presiding Judge M. Yvette Miller said.

Posted: Jun 15, 2023

Inside the mind of fraudsters: What were they thinking?

A new study from the Coalition Against Insurance Fraud examines who commits insurance fraud and why.

Posted: Jun 15, 2023

Florida equestrian rides high to $3.5M verdict over Progressive's social media defense

Progressive admitted liability but contested the damages arguing that two years after the crash, the plaintiff was well enough to compete in horseback riding competitions and the injuries were not severe.

Posted: Jun 14, 2023

The impact of forest fire smoke on building materials and electronic equipment

Forest fires can affect contain a variety of pollutants that affect wood, steel and concrete construction materials.

Posted: Jun 14, 2023

Illinois insurance department moves to online-only process for producer, agent licensing

The change will go into effect July 1, 2023, and affects initial license applications, renewal applications and payments.

Posted: Jun 14, 2023

Why should agencies care about professional awards?

Nominations are currently open for the 2023 Agency of the Year awards.

Posted: Jun 14, 2023

Limited capacity, undervalued properties roil coastal insurance markets

Even coastal properties with appealing risk profiles still face rate increase increases between 15%-50%.

Posted: Jun 14, 2023

Could insurers get a reprieve from hurricane losses in 2023?

The 2022 hurricane season illustrated that even in a mild year, a single major storm can cause industry-shaking losses.

Posted: Jun 14, 2023

Around the P&C insurance industry: June 14, 2023

Insurance industry news from Coalition, NFP, BRP Group and more.

Posted: Jun 13, 2023

NAIC: Top commercial auto insurers of 2022

These ten commercial auto insurers finished 2022 at the top, according to the National Association of Insurance Commissioners.

Posted: Jun 13, 2023

Class action against Geico alleges it secretly reported consumers' online behaviors to Google

The data was collected for for the purpose of 'data harvesting and targeted advertising,' according to the plaintiffs.

Posted: Jun 13, 2023