NU Property & Casualty 360

Specialty M&A deals set new record in 2022

Specialty distributors consolidated over four times more than retail brokers did in 2022, according to a report from MarshBerry.

Posted: Feb 23, 2023

Is tort reform in the Sunshine State even possible?

Floridians pay some of the highest insurance premiums in the country and it is one of the most fraud-prone states in the nation.

Posted: Feb 22, 2023

Digital twins can empower insurers to overcome the climate crisis

Digital risk modeling is more precise than ever, fueled by weather intelligence, geography, demographics and more.

Posted: Feb 22, 2023

Adoption of AI processing in auto claims accelerated in 2022

The number of claims using four or more advanced AI applications more than doubled this past year, according to CCC Intelligent Solutions.

Posted: Feb 22, 2023

Study: Climate change could mean homes are overvalued by $121B to $237B

Properties subject to flood risk don’t exhibit the market pricing discounts they might be expected to have.

Posted: Feb 22, 2023

Report: Specialty M&A deals set new record in 2022

Specialty distributors consolidated over four times more than retail brokers did in 2022, according to a report from MarshBerry.

Posted: Feb 22, 2023

The AI-and data-empowered underwriter: 7 ways to boost commercial underwriting capabilities

Carriers that embrace AI can see enhanced underwriting results and significant growth.

Posted: Feb 22, 2023

Business rules alone are not enough to fight insurance fraud

Here's how artificial intelligence bridges the gap...

Posted: Feb 22, 2023

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

Insurance industry news from Ushur, Tysers, CIECA and more.

Posted: Feb 21, 2023

8 Ways Secure 2.0 Act affects retirement plans

As a small-business owner, there are new rules, and tax breaks, you should be aware of.

Posted: Feb 21, 2023

Cyber risks for insurers: There's a target on your back

Tom Eggleston, international claims leader in the UK and Europe for Resilience, discusses the cyber vulnerabilities and issues insurers should focus on for themselves and their policyholders in this podcast.

Posted: Feb 21, 2023

States with the most disaster-displaced residents

These nine states had the highest percentage of adults displaced by NAT CAT events in 2022.

Posted: Feb 21, 2023

Business rules alone are not enough to fight insurance fraud

Here's how artificial intelligence bridges the gap...

Posted: Feb 21, 2023

Shaping the independent agent channel for the future

Yes, independent agencies are under pressure. But the fact is, independent agencies are a resilient group.

Posted: Feb 21, 2023

Judge finds 'man behind the curtain' in Louisiana insurance disputes

A judge from the Eastern District of Louisiana has dismissed a case where the plaintiff's attorney didn't actually have an agreement with the plaintiff when the suit was filed.

Posted: Feb 20, 2023

Misperceptions about agency values & private equity buyers

Discover four myths, and as many facts, about selling an agency to a private equity firm.

Posted: Feb 20, 2023

Lawyers are not insurance umpires, South Texas Appeals Court tells judge

State Farm asserted that requiring it to participate in an appraisal with an 'incompetent' umpire that it did not contractually agree to will result in extra costs and delay.

Posted: Feb 20, 2023

How can insurers protect against deepfake fraud?

From faked injuries to created auto accident damage, bad actors are finding new ways to file false claims.

Posted: Feb 20, 2023

The 10 most congested U.S. cities

It behooves both private and commercial drivers to avoid traffic congestion whenever possible.

Posted: Feb 20, 2023

Municipal joint insurance fund is not an 'insurer,' court rules in nearly $1.2M dispute

"JIFs protect members against liability through 'self-insurance.' 'Self-insurance' is not insurance," New Jersey Supreme Court Justice Douglas Fasciale wrote.

Posted: Feb 20, 2023

Moving Up: 'I was raised in the workers' comp industry' says Employers' Chief Claims Officer Christi...

Employers’ Christina Ozuna grew up in the workers’ comp insurance industry, starting an insurance job while still in high school, and has never looked back.

Posted: Feb 20, 2023

Who's using what in P&C insurance: February 20, 2023

Insurance technology news from Quincy Mutual Fire Insurance Company, Western National Insurance and more.

Posted: Feb 19, 2023

Economic factors that could impact buying or selling an MGA

Review five key elements for successfully selling an MGA in an uncertain market.

Posted: Feb 19, 2023

GEICO faces lawsuit over captive agents' employment classification

In adjacent news, could the Labor Department’s proposed rules on independent contractors spell the end of the captive agent model?

Posted: Feb 17, 2023

Bogus lawsuits? Judges penalize law firm over hundreds of insurance cases

Monson showed an alleged pattern of the law firm McClenny, Moseley & Associates in Houston of preparing hurricane damage claims based on alleged unethical practices.

Posted: Feb 16, 2023