NU Property & Casualty 360

Affordability, availability of home insurance under threat in Colorado

From January 2019-October 2022, Colorado home insurance premiums have increased 51.7%, on average, or 11.5% annually.

Posted: Apr 21, 2023

People on the move in the P&C insurance industry: April 21, 2023

The latest insurance industry personnel news from Goldberg Segalla, Intangic MGA, MarshBerry and more.

Posted: Apr 20, 2023

'$10 Million? You don't blink at that anymore': Are lawyer billboards affecting juries?

The causes behind the social inflation theory are numerous, but one of them is that attorney advertising affects the public in unexpected ways, according to some defense lawyers.

Posted: Apr 20, 2023

Baseballer's mold lawsuit is a lesson in insurance burden-shifting

Former MLB pitcher Clay Buchholz's purchase of a rider to cover the all-risk policy's mold exclusion doesn't cover the infestation that destroyed his mansion.

Posted: Apr 20, 2023

P&C underwriting losses to moderate in 2023, Fitch Ratings reports

While underwriting losses are expected to improve, a return to profitability might be out of reach for 2023.

Posted: Apr 20, 2023

Ransomware-as-a-service tops evolving global cyber risks

Also on the rise: Triple extortion schemes in which cyber criminals exploit multiple ransoms from a single target.

Posted: Apr 20, 2023

Performance data key to fast, reliable digital-insurance services

Insurers must rely on observability practices focused on understanding the state or condition of their apps and systems.

Posted: Apr 20, 2023

5 Stars: How agents can level-up their customer service

Any businessperson has the ability to stir emotion and create real connections with their customers. Independent insurance agents are no different.

Posted: Apr 19, 2023

High court takes on marine insurance dispute

The Supreme Court has entertained a wide variety of maritime cases with issues including a limitation of liability defense and cases involving the scope of marine terms.

Posted: Apr 19, 2023

Litigation funding blamed for spiking insurance settlements - but is that really true?

Critics of the role of litigation funding say it causes trials and other proceedings to run longer, raising the costs of litigation.

Posted: Apr 19, 2023

Silicon Valley Bank collapse led startups to scramble for higher limit coverages

Just days after SVB’s collapse, quotes generated on Embroker’s platform for D&O policy with $3 million limits more than doubled.

Posted: Apr 19, 2023

Earthquakes cause $14.7B in annualized losses, USGS reports

The updated loss estimate for the U.S. is nearly double that of the previous annual estimate.

Posted: Apr 19, 2023

Performance data key to fast, reliable digital-insurance services

Insurers must rely on observability practices focused on understanding the state or condition of their apps and systems.

Posted: Apr 19, 2023

Florida regulator approves 1% assessment to cover UPC's claims

The assessment applies to all lines except for auto and will go to pay claims left by insolvent insurers.

Posted: Apr 19, 2023

Empathy & the adjuster: The value of trauma-informed care in insurance

In this podcast episode, Dr. Laura McGuire and Michael Pritt discuss the value of trauma-informed care for insurance professionals.

Posted: Apr 18, 2023

Geico faces class action for failing to pay title, transfer fees

The complaint alleges Geico fails to meet agreed-on replacement costs because it doesn't pay costs such as registration transfer fees.

Posted: Apr 18, 2023

Getting ahead — managing cyber risks is more than just a job

The demand for digitization in insurance is increasing and several executives share their perspectives on the career opportunities for women in cybersecurity.

Posted: Apr 18, 2023

Why was your homeowners claim denied?

In this slideshow, we’ll examine the eight most common reasons insurers deny homeowners claims, according to Credible.

Posted: Apr 18, 2023

Around the P&C insurance industry: April 19, 2023

Insurance industry news from Corvus Insurance, NFP, Insurity and more.

Posted: Apr 18, 2023

Stranger danger: Keys to avoiding scams & cyber missteps

Consistent training presented in a variety of formats creates an effective strategy for managing cyber risks.

Posted: Apr 17, 2023

WalletHub: 10 least expensive cars to insure in 2023

Insurance advisors can share this research with budget-minded clients who find themselves shopping for a new vehicle.

Posted: Apr 17, 2023

Risk trends and opportunities in the financial services sector

Cyber, inflation and compliance are top challenges but sustainability is a huge opportunity.

Posted: Apr 17, 2023

Commercial insurance rates see moderate increase in Q1 2023

A report from MarketScout breaks down which industries and lines saw the largest rate increases to start 2023.

Posted: Apr 17, 2023

11 West Coast fraudsters admit guilt in staged accident scheme

The scammers, hailing from Washington and California, attempted to swindle more than $657,000 from insurers.

Posted: Apr 17, 2023

Job development and skills training key to employee retention

About 34% of respondents say their career development has been stunted by a lack of mentorship, advocacy and/or professional networking at their jobs.

Posted: Apr 17, 2023