NU Property & Casualty 360

How to narrow the personal P&C protection gap

Here are some of the insurance business insights revealed in McKinsey's new study titled 'Global Insurance Report 2023.'

Posted: Mar 23, 2023

Premium diversion scheme nets insurance agent 14-year prison sentence, $8.3M fine

The agent, who pled guilty to the charges in 2021, kept more than $4.8 million in premium payments for his personal use.

Posted: Mar 23, 2023

'Taking by deception' covered by crime policy for Texas tax firm

The appeals court remanded the case to a Dallas County district court to consider what other alleged losses resulted "directly from" Weaver's theft.

Posted: Mar 22, 2023

How statistics can help small businesses plan for the future

With 99% of all companies in the U.S. identified as small businesses, they play an important role in job creation and good information helps with long-range planning for these entities.

Posted: Mar 22, 2023

'Bull demand' nets $3M settlement with trucking company's insurer

A camera on the truck showed that the driver had 12-15 seconds of clear visibility of the stopped vehicle it collided with.

Posted: Mar 22, 2023

Some high-risk commercial properties facing triple-digit rate increases

Commercial properties with poor loss histories and those located in CAT-prone areas could see rates grow as much as 150%, according to Alera Group.

Posted: Mar 22, 2023

Georgia proposes changes for personal auto rate filing rules

The proposed change was sparked by a statewide double-digit rate increase by Allstate in 2022.

Posted: Mar 22, 2023

Parametric insurance: The potential for underserved communities, SMEs

Insurers face pressure to offer pragmatic, risk-management solutions in response to severe-weather events.

Posted: Mar 22, 2023

IIHS: Safest small and midsize SUVs for 2023

In this slideshow, we’ll look at the IIHS’s small and midsize SUV Top Safety Pick + winners for 2023.

Posted: Mar 22, 2023

IIHS: Safest small and midsize SUVS for 2023

In this slideshow, we’ll look at the IIHS’s small and midsize SUV Top Safety Pick + winners for 2023.

Posted: Mar 21, 2023

Honoring exceptional workers' comp risk management programs

Nominations are now open for the 2023 Workers’ Comp Risk Management Award for Excellence.

Posted: Mar 21, 2023

Insurance fraud prevention takes a village

In this episode of Insurance Speak, Tracey Thompson, Deputy Executive Director of the Coalition Against Insurance Fraud, discusses strategies for identifying and preventing fraud.

Posted: Mar 21, 2023

Insurers beware: The Red Queen trap on ESG

What was considered exceptional ESG work in 2022 might now fall short of the minimum requirements for 2023.

Posted: Mar 21, 2023

PLRB Conference expands on the claims story

5 takeaways from this year’s PLRB claims conference in Orlando.

Posted: Mar 21, 2023

Around the P&C insurance industry: March 22, 2023

Insurance industry news from Cover Genius, Openly, itel and more.

Posted: Mar 21, 2023

Getting pay transparency right: Best practices and state comparisons

Recently, a wave of states and local jurisdictions, including California, Colorado, New York and Washington, have passed pay transparency laws with varied requirements for employers.

Posted: Mar 20, 2023

Pajaro River levee breach put nearly 6K properties at risk of flood

The combined reconstruction value of the structures at risk totals more than $2 billion, according to CoreLogic.

Posted: Mar 20, 2023

Defining an occurrence in insurance

Even though the term "occurrence" is defined, disagreement over its meaning has led to conflicts between insurers and insureds; often resulting in litigation.

Posted: Mar 20, 2023

Pennsylvania workers' comp can reimburse medical marijuana costs, court rules

The majority wrote that the dissenting judges' determination 'would eviscerate the entire [Medical Marijuana Act].'

Posted: Mar 20, 2023

ALM launches full Cannabis Insurance Coverage Specialist designation

The designation examines issues related to insurance, real estate, risk management, claims, financing and workers’ comp.

Posted: Mar 20, 2023

States with the highest average annual home insurance premiums

It takes a knowledgeable insurance agent to truly pinpoint a homeowner’s risk and necessary coverages.

Posted: Mar 20, 2023

These are the emergencies that worry workers the most

Slightly more than 70% of workers surveyed said their employer doesn’t follow through on safety promises.

Posted: Mar 19, 2023

Colorado lawmakers propose bill to curb underinsurance

State legislators say property insurance fell short for most Marshall Fire victims by about $164,000.

Posted: Mar 19, 2023

5 Tax planning strategies for small business

Every business’s tax situation is unique, so it’s important to discuss these tax planning strategies with a tax professional before making any significant moves.

Posted: Mar 19, 2023

Gender disparity evident in agency leadership, compensation

Women in insurance producer roles make only 67.6% of what male agents make, according to the U.S. Department of Labor.

Posted: Mar 19, 2023