NU Property & Casualty 360

The most family-friendly cars of 2023

These are the best 2023 model family cars across nine categories, according to U.S. News & World Report.

Posted: Apr 25, 2023

Reforms bearing fruit for Michigan's troubled auto insurance market

Insurers are paying out less in claims and policyholders have seen premiums drop following 2020 changes to the state’s no-fault system.

Posted: Apr 25, 2023

'They're just killing us': Defense Bar confronts rise in nuclear settlements

"The No. 1 cause of nuclear verdicts is plaintiffs lawyers," said Robert Tyson, who has sought to rally the defense bar against rising verdicts and settlements.

Posted: Apr 24, 2023

Median U.S. home price posts its largest drop since 2021

The worst affected market was Boise, Idaho, where the cost of a home fell 15.4% in the year.

Posted: Apr 24, 2023

Gallagher Re: 2023 begins with above-average global catastrophe losses

Devastating earthquakes in Turkey and Syria were the leading driver behind global catastrophe losses to start 2023.

Posted: Apr 24, 2023

Here’s how texting and driving impacts auto insurance rates

You can be ticketed for texting while driving in most U.S. states. Then, auto insurance costs could go up as much as 31%.

Posted: Apr 24, 2023

Lightning-related fires behind as much as 5% of commercial property claims

Cumulatively, lightning-related fires account for $2 billion in annual payouts to small- and medium-sized businesses.

Posted: Apr 24, 2023

Risk and opportunities in the tech, media & telecom sector

Cyber, business interruption and critical infrastructure failures rank as top industry perils facing the sector.

Posted: Apr 24, 2023

States with the most in-force NFIP policies

Flooding is the most common and expensive natural disaster in the U.S., according to NOAA.

Posted: Apr 24, 2023

'Look what Texas is doing': States with biggest insurance settlements - and those pushing back

Six states account for nearly 65% of the nuclear verdicts across the U.S.

Posted: Apr 23, 2023

No free lunches: Recovering defense costs in Massachusetts

This case has brought a larger legal question in Massachusetts of whether an insurance company, and under what circumstances, has a right to recoup defense costs provided to an insured.

Posted: Apr 23, 2023

Who's using what in P&C insurance: April 24, 2023

Insurance technology news from Roundstone Insurance, Cognizant, Bowhead Specialty Underwriters and more.

Posted: Apr 23, 2023

Rising cyberattacks in Japan show how U.S., Europe are also vulnerable

While Japan has its own particular problems with hackers, many of its vulnerabilities are shared by the U.S.

Posted: Apr 23, 2023

The Hartford donating $3.5M to adaptive sports organization Move United

The Hartford’s ongoing partnership with Move United includes equipment donations to local adaptive sports programs and hosting The Hartford’s Adaptive Sports Competition Series.

Posted: Apr 23, 2023

Affordability, availability of home insurance under threat in Colorado

From January 2019-October 2022, Colorado home insurance premiums have increased 51.7%, on average, or 11.5% annually.

Posted: Apr 21, 2023

'$10 Million? You don't blink at that anymore': Are lawyer billboards affecting juries?

The causes behind the social inflation theory are numerous, but one of them is that attorney advertising affects the public in unexpected ways, according to some defense lawyers.

Posted: Apr 20, 2023

Baseballer's mold lawsuit is a lesson in insurance burden-shifting

Former MLB pitcher Clay Buchholz's purchase of a rider to cover the all-risk policy's mold exclusion doesn't cover the infestation that destroyed his mansion.

Posted: Apr 20, 2023

People on the move in the P&C insurance industry: April 21, 2023

The latest insurance industry personnel news from Goldberg Segalla, Intangic MGA, MarshBerry and more.

Posted: Apr 20, 2023

P&C underwriting losses to moderate in 2023, Fitch Ratings reports

While underwriting losses are expected to improve, a return to profitability might be out of reach for 2023.

Posted: Apr 20, 2023

Ransomware-as-a-service tops evolving global cyber risks

Also on the rise: Triple extortion schemes in which cyber criminals exploit multiple ransoms from a single target.

Posted: Apr 20, 2023

Performance data key to fast, reliable digital-insurance services

Insurers must rely on observability practices focused on understanding the state or condition of their apps and systems.

Posted: Apr 20, 2023

Litigation funding blamed for spiking insurance settlements - but is that really true?

Critics of the role of litigation funding say it causes trials and other proceedings to run longer, raising the costs of litigation.

Posted: Apr 19, 2023

High court takes on marine insurance dispute

The Supreme Court has entertained a wide variety of maritime cases with issues including a limitation of liability defense and cases involving the scope of marine terms.

Posted: Apr 19, 2023

5 Stars: How agents can level-up their customer service

Any businessperson has the ability to stir emotion and create real connections with their customers. Independent insurance agents are no different.

Posted: Apr 19, 2023

Silicon Valley Bank collapse led startups to scramble for higher limit coverages

Just days after SVB’s collapse, quotes generated on Embroker’s platform for D&O policy with $3 million limits more than doubled.

Posted: Apr 19, 2023