NU Property & Casualty 360

Potential insurance implications of a four-day workweek

While a shorter workweek sounds appealing, small business owners should consider several factors before implementing this change.

Posted: Apr 10, 2023

No more imposter syndrome when recruiting at lesser-known businesses

By taking the time to craft a positive brand for your agency, you can make your company more attractive to potential employees and improve employee retention rates.

Posted: Apr 10, 2023

Forbes Advisor: Priciest places in the U.S. to own a car

Like buying houses and pets, there are always more costs associated with getting a car than the initial purchase price. Chief among these “hidden”…

Posted: Apr 10, 2023

'No courtesies to carriers' following Florida reforms, law firm memo dictates

Law firm Morgan & Morgan is calling on all its lawyers to not give 'an inch to carriers ever again’ during legal proceedings.

Posted: Apr 10, 2023

Builders risk: How insurers handle large construction submissions differently

Depending on the market, higher-value projects require more documentation and underwriting intervention.

Posted: Apr 10, 2023

Handling electric and semi-autonomous vehicle claims

Computers in semi-autonomous vehicles will play an important role in determining who may be at fault in a crash.

Posted: Apr 10, 2023

The 10 biggest workers’ comp companies & groups of 2022

During the final quarter of 2022, the median rate increase was 0.3% for workers’ comp, according to AJG.

Posted: Apr 10, 2023

NOAA: Ian officially Florida's costliest hurricane

Florida insurance attorneys say new laws add insult to injury as premiums see double-digit increases.

Posted: Apr 09, 2023

Florida Tort Reform HB 837 - What insurers need to know

Several aspects of the law are effective immediately and will affect bad faith claims, comparative negligence and attorney fee awards.

Posted: Apr 09, 2023

Who's using what in P&C insurance: April 10, 2023

Insurance technology news from Green Shield Risk Solutions, EagleView and more.

Posted: Apr 09, 2023

Russia still using western insurance for half of oil shipments

This dependence on western coverage limits Russia’s ability to negotiate higher prices for its oil.

Posted: Apr 09, 2023

"Robinsons" retention could become a major issue for P&C insurers

Soaring inflation and the growing popularity of UBI policies mean insurers need to adapt if they want to keep their most loyal customers.

Posted: Apr 09, 2023

What can insurers learn from millennials' obsession with pet insurance?

The likelihood of consumers purchasing insurance for valuables, pets and households varies based on age, education and location.

Posted: Apr 06, 2023

Can a jury change the rules of an insurance policy? Ga. Appeals Court set to decide

While the plaintiffs had received some relief for the damages in 2017, they contended it wasn’t nearly enough to actually conduct the needed repairs and took the issue to court.

Posted: Apr 06, 2023

Final claims under old Florida laws leave future uncertain

Over six months after Ian ravaged Florida's Gulf Coast, lawyers are seeing the last round of hurricane claims under the old Florida property insurance laws.

Posted: Apr 06, 2023

Cost of dog bite & injury claims grew by double digits in 2022

The average cost reached $64,555 on a per claim basis, according to the Triple-I, which reported dog-related injury payouts exceeded $1B in 2022.

Posted: Apr 06, 2023

How IoT is revolutionizing water-damage mitigation

Quickly detecting the presence of water, identifying and isolating its source can significantly reduce water damage.

Posted: Apr 06, 2023

People on the move in the P&C insurance industry: April 7, 2023

The latest insurance industry personnel news from Cowbell, Gallagher Re, NFP and more.

Posted: Apr 06, 2023

Recession looming? The financial benefits of shifting to a remote work model

Companies that move to remote work can save $10,600 per employee per year, and smaller companies of 20 employees can save up to $200,000 and reduce turnover.

Posted: Apr 05, 2023

Mississippi moves to regulate pet insurance

The legislation should help consumers better understand how to select pet insurance versus pet wellness plans.

Posted: Apr 05, 2023

J.D. Power: The 5 forces shaping policy shopping

A recent report from J.D. Power delves into what is driving customers to explore their auto policy options.

Posted: Apr 05, 2023

ChatGPT's cybersecurity implications: The good, the bad and the ugly

Created primarily for conversational use, ChatGPT’s versatility has made it an asset in multiple domains, including cybersecurity.

Posted: Apr 05, 2023

Miami steakhouse seared for $12M in shooting settlement

The settlement was the maximum amount the restaurant’s insurance companies could tender, court documents show.

Posted: Apr 05, 2023

Zurich exits insurance climate alliance days after Munich Re

Zurich’s departure will raise further questions about the workability of voluntary industry associations targeting emissions reductions.

Posted: Apr 05, 2023

Does ChatGPT dream of digital marketing plans?

Discover how insurance agencies can leverage generative AI to better engage & educate policyholders.

Posted: Apr 05, 2023