NU Property & Casualty 360

State Farm faces class action for allegedly shortchanging luxury car owners

The suit alleges that State Farm refuses to pay the full hourly rate charged by mechanics certified to repair luxury autos.

Posted: Jun 01, 2023

Central New York fraud case spotlights crop insurance crime

The U.S. GAO has reported that the federal crop insurance program is historically vulnerable to, "fraud, waste and abuse."

Posted: Jun 01, 2023

It is hard to know how ID fraud occurs in claims, carriers say

Around 80% of insurance carriers say they deal with identity-related fraud on a monthly basis.

Posted: Jun 01, 2023

7 steps for improving claims payment accuracy

Assessing and determining the value of items involved can require the expertise of contents valuators and other experts.

Posted: May 31, 2023

Be proactive! 5 ways small business owners can avoid employee turnover

The estimated cost to replace a departing employee is 2.5 times their salary, so showing employees you value them as individuals can make a positive impact on employee retention.

Posted: May 31, 2023

Anti-subrogation rule & workers’ comp 1B coverage in construction accidents

Without definitive guidance from New York courts, we can expect practitioners and courts alike to continue to grapple with questions.

Posted: May 31, 2023

Alternative capital in property and casualty insurance: A way forward

McKinsey analysts suggest that insurers consider making alternative capital a core part of their capital-management strategy.

Posted: May 31, 2023

Laggards no more: Insurers appear as early AI adopters

Nearly 60% of insurance companies surveyed reported already leveraging generative AI.

Posted: May 31, 2023

A digitized future for surety: Efficiency, accuracy and trust

Businesses that use cloud solutions report increased sales performance, customer engagement, operational advantages and more.

Posted: May 31, 2023

Disaster mitigation through biodiversity

How can permaculture initiatives improve disaster resilience, and why should insurers care?

Posted: May 30, 2023

Around the P&C insurance industry: May 31, 2023

Insurance industry news from Corvus Insurance, Synatic, Verisk and more.

Posted: May 30, 2023

NAIC: Largest personal auto insurers of 2022

These personal auto insurers finished 2022 on top, according to the National Association of Insurance Commissioners.

Posted: May 30, 2023

Creating Gen Z learning paths to build readiness and proficiency

Employees want flexibility, inclusivity and recognition as part of their job path.

Posted: May 30, 2023

Two cases illustrate how workers' comp plays out in professional sports

The two cases provide a unique chance to look at how workers’ comp plays out in pro sports and why it is the least desirable route to recovery for players.

Posted: May 30, 2023

Guy Carpenter to buy Israeli reinsurance broker Re Solutions

Following closing, Re Solutions CEO Asaf Grinstein will become CEO of Guy Carpenter Israel.

Posted: May 30, 2023

Submit PropertyCasualty360 Insurance Luminaries nominations by June 7th

The deadline was extended for this professional recognition program honoring insurance ingenuity. Apply now!

Posted: May 30, 2023

Do your clients know about these unusual insurance policies?

A consumer-education website set out to identify and define insurance policies about which most people are probably unfamiliar.

Posted: May 30, 2023

Liberty Mutual sells Latin America personal, small commercial businesses for $1.48B

The deal will make HDI International the third-largest player in the Latin American P&C market.

Posted: May 29, 2023

Employee-surveillance trend deeply splits employers

A new Littler Mendelson survey found two-thirds of in-house attorneys and corporate leaders were concerned about the technologies' impact on employee morale and compliance with privacy laws.

Posted: May 29, 2023

7 ways to utilize technology and grow your agency

Increasing competition means agents and brokers will need to leverage new ideas and innovation to succeed.

Posted: May 29, 2023

More insurers quit 'climate club' after threats from GOP

AXA SA, Scor SE and Allianz SE are the latest members of the Net Zero Insurance Alliance to leave the group in recent months.

Posted: May 29, 2023

State Farm no longer accepting home insurance applications in California

Growing construction costs, increasing catastrophe exposure and a difficult reinsurance market led to the decision, according to the company.

Posted: May 29, 2023

What is parametric insurance and why should we care?

Parametric insurance offers financial protection against losses that are often hard, or even impossible, to get insurance for in some instances.

Posted: May 28, 2023

Who's using what in P&C insurance: May 29, 2023

Insurance technology news from Stillwater Insurance Group and more.

Posted: May 28, 2023

Fowler White hauls in Florida victory for J.B. Hunt in complex insurance litigation trend

The suit was part of a growing trend to implicate large motor carriers when small motor carriers have limited commercial auto and primary coverage.

Posted: May 28, 2023