NU Property & Casualty 360

Holding water (part 3): Water terms used within the homeowners policy

Review how the terms such as plumbing, sewer, drain, overflow, or discharge are applied in the homeowners policy.

Posted: Aug 16, 2023

Insurance customer signals that drive marketing, sales

Behavioral cues help insurance professionals and sales teams stay ahead in a competitive landscape.

Posted: Aug 16, 2023

EV repair costs continue to outpace those of ICE vehicles

EVs tend to be designated ‘non-drivable’ less often than ICE vehicles, Mitchell reports.

Posted: Aug 16, 2023

Supply chain disruptions and indemnity periods

Supply chain breakdowns are increasing costs, causing extended delays and creating a host of headaches for insurers and policyholders alike.

Posted: Aug 16, 2023

AM Best: Top global insurance brokers of 2022

Analysis from IRMI shows 2022 was favorable for insurance brokers globally, as customers began to see these professionals in a more advisory light.

Posted: Aug 16, 2023

HUB International closes initial data breach investigation

The information that was compromised in the data breach includes but is not limited to Social Security numbers, ID and passport numbers, bank account information, and more.

Posted: Aug 16, 2023

More insurers exiting California's home insurance market

Berkshire Hathaway’s AmGUARD as well as Falls Lake Fire & Casualty are pulling out of the state’s beleaguered home insurance sector.

Posted: Aug 16, 2023

Insured Maui fire losses likely to top $1 billion

Karen Clark & Company estimates insured property losses from the Lahaina fire will be around $3.2 billion.

Posted: Aug 15, 2023

Around the P&C insurance industry: August 16, 2023

Insurance industry news from One Inc, Kin, Ascend and more.

Posted: Aug 15, 2023

Roadmap to results: 4 tips to drive agency success through accountability

Top-flight athletes work with personal coaches to unlock their best selves. Why isn’t that true for agency owners?

Posted: Aug 15, 2023

Forbes Advisor: Summer 2023’s best small commercial insurers

'“The most common mistake that many business owners make is to blindly renew their insurance,' says the U.S. Chamber of Commerce.

Posted: Aug 15, 2023

Holding water (part 2): Water terms used within the commercial property policy

The second part in this series reviews how certain involving terms involving water losses are applied in commercial property policies.

Posted: Aug 15, 2023

AXA XL's Danielle Roth focuses on cyber risks

Greater access and use of data offers insurers an opportunity to proactively work with clients to create the best risk mitigation approaches.

Posted: Aug 15, 2023

Insurance startup Vesttoo goes bankrupt after asset freeze

An Aon subsidiary claims Vesttoo pocketed millions of dollars in ill-gotten insurance premiums.

Posted: Aug 14, 2023

AI programs used by employers may lead to Title VII discrimination claims

The EEOC has provided guidance that AI programs will trigger Title VII discrimination violations when protected classes are disfavored in employment selection processes.

Posted: Aug 14, 2023

Auto thieves' favorite vehicles to swipe

Full-size pickups made up over 25% of vehicle thefts in 2022, according to the NICB.

Posted: Aug 14, 2023

The tech that could shape the future of workplace safety

The NCCI surveyed workers’ comp carriers to uncover the technology that is showing the most promise.

Posted: Aug 14, 2023

Blockchain: A backend solution to insurance fraud, waste

The property-insurance industry could leverage blockchain's attributes to enhance efficiency and customer experience.

Posted: Aug 14, 2023

Holding water (part 1): Definitions needed to understand water losses

Water issues are often confusing and involve multiple undefined terms. Reviews the terms and how they can be defined.

Posted: Aug 14, 2023

Navigating the prudent path: Denying insurance coverage for breach of condition

In most jurisdictions, the key inquiry in establishing prejudice is directed at the factual evidence of prejudice.

Posted: Aug 13, 2023

Boston bans fossil fuels in new city-owned buildings, renovations

“Week after week, we see the signs of extreme heat, storms and flooding that remind us of a closing window to take climate actions,” Mayor Michelle Wu said.

Posted: Aug 13, 2023

Who's using what in P&C insurance: August 14, 2023

Insurance technology news from FloodFlash, Victory Insurance, EigenRisk and more.

Posted: Aug 13, 2023

AI provides the edge that insurers need in general liability

General liability insurers need means at their disposal to minimize the impact of claims when they occur.

Posted: Aug 13, 2023

AI, embedded insurance among biggest industry trends, Deloitte says

Discover the major trends that will impact insurance as well as the wider financial services sector.

Posted: Aug 13, 2023

Why generative AI will change the frontline of insurance forever

Now is the time to start making moves in preparation for the widespread adoption of generative AI.

Posted: Aug 13, 2023