NU Property & Casualty 360

Around the P&C insurance industry: August 30, 2023

Insurance industry news from Neptune Flood, Orion180, Texas Agency Alliance and more.

Posted: Aug 29, 2023

‘Witch’s brew’ of swelling insurance costs and regulation compliance creates distress for Florida’s...

If an association doesn't initiate inspections, they could be liable for negligence or criminal charges.

Posted: Aug 29, 2023

Celent: 7 tech essentials for modern insurance carriers

A new report from the research and advisory firm says the industry’s stoic nature can function as an innovation roadblock.

Posted: Aug 29, 2023

CGL policies and coverage for 'forever chemical' product liabilities (part 1)

‘Forever chemical’ claims have exploded in recent years, with plaintiffs alleging hundreds of millions and even billions of dollars in damages.

Posted: Aug 29, 2023

FBI, DOJ bust up global malware network used for ransomware, other digital crimes

Qakbot malware has infected more than 700,000 computers globally and is associated with nearly $60 million in fees generated by ransomware.

Posted: Aug 29, 2023

FBI, DOJ bust up global malware network that has run since 2008

Qakbot malware has infected more than 700,000 computers globally and is associated with nearly $60 million in fees generated by ransomware.

Posted: Aug 29, 2023

'I'm not so sure': Judge Ho splits with majority over $1.4M strip club feud

Fifth Circuit Judge James Ho asked whether to apply the coverage provision or enforce the exclusion since both provisions together are incompatible.

Posted: Aug 28, 2023

Top 10 U.S. college insurance and risk management programs

For most aspiring insurance professionals, their journey into the industry begins with college, but not all insurance and risk management programs in the United States are created equal.

Posted: Aug 28, 2023

Is emotional distress covered as a bodily injury in an insurance policy?

Review how Pennsylvania courts have ruled on the question in three auto claims cases.

Posted: Aug 28, 2023

Can better resource management help P&C out of its slump?

It may be tempting for P&C insurers to react to underwriting losses by reducing labor costs, but this approach is flawed.

Posted: Aug 28, 2023

Highlights from the 2023 Workers' Compensation Educational Conference

Education, recognition, reconnecting and giving back were just some of the hallmarks of this year’s conference.

Posted: Aug 28, 2023

Organizations grow budgets to meet rising cyber premiums

More than three-quarters of organizations say cyber insurance is a required by their board of directors or executive teams.

Posted: Aug 28, 2023

7 ways to prevent claims leakage

The insurance industry loses $30 billion annually to overpayment and expenses from claims.

Posted: Aug 27, 2023

Who's using what in P&C insurance: August 28, 2023

Insurance technology news from Gradient AI, INSTANDA, Origami Risk and more.

Posted: Aug 27, 2023

Insurance prices per apartment unit rise 33% YoY

Marcus & Millichap report the latest dramatic spikes as providers pull out of key markets.

Posted: Aug 27, 2023

Deepfake imposter scams are driving a new wave of fraud

What was once pure science fiction is now fact as criminals are leveraging AI advances to swindle billions of dollars.

Posted: Aug 27, 2023

Why rideshare drivers need separate auto coverage

Additionally, review the cities that offer rideshare drivers the highest earning power.

Posted: Aug 27, 2023

How pixels and biometrics lead to privacy claims

Governments worldwide are taking steps to protect privacy rights, which has led to new exposures for businesses.

Posted: Aug 27, 2023

Farmers Insurance announces a company-wide reorganization with layoffs

The company is releasing approximately 11% of its workforce across all lines of business.

Posted: Aug 27, 2023

Where is the insurance industry placing its AI bets?

Technologies like machine learning, deep learning and visual intelligence are transforming the insurance experience and utilizing AI in new ways.

Posted: Aug 24, 2023

People on the move in the P&C insurance industry: August 25, 2023

The latest insurance industry personnel news from Ryan Specialty, Pie Insurance, Socotra and more.

Posted: Aug 24, 2023

A risk management perspective on sex, fighting & other space tourism issues

Discover liability issues associated with long term space tourism flights as the once unthinkable industry comes online.

Posted: Aug 24, 2023

How to better prepare insureds for climate change losses

Environmental Impairment Liability (EIL) coverage is becoming integral to a risk manager’s insurance strategy.

Posted: Aug 24, 2023

A (truncated) history of no-fault auto insurance

At its peak, 26 states had adopted no-fault insurance laws in some form. Today that number stands at 12.

Posted: Aug 24, 2023

Do your research! 15 ways to better assess a sales prospect

It is amazing the amount of information that is available to you in the public domain. However, a word of caution: Be careful how you find it and how you use it.

Posted: Aug 23, 2023