NU Property & Casualty 360

AI will play a key role for insurers in 2023

Artificial intelligence will help insurers effectively manage costs, improve customer service and identify insurance fraud.

Posted: Jan 04, 2023

Higher auto premiums result in drivers buying less-than-desired coverage levels

Although drivers felt pressure from higher premiums, a majority of consumers didn’t shop around for lower rates in 2022.

Posted: Jan 04, 2023

These auto insurers ended 2022 with the lowest rates

When broken down by vehicle type, Forbes found minivans were the least expensive to insure on average and coupes were the most expensive.

Posted: Jan 04, 2023

Florida's Citizens Property sees policy count grow about 50% in 2022

The Florida insurer of last resort had 542,739 policies to end 2020 — meaning its policy count has more than doubled since.

Posted: Jan 04, 2023

Today's insurtechs are looking to partner with more agents

Afficiency CEO Mark Scafaro says the best outcomes are realized when agents are equipped with the right digital tools.

Posted: Jan 04, 2023

Cybersecurity, ESG among areas of concern to D&O underwriters

According to a report from Allianz, D&O insurance underwriters are keeping an eye on litigation concerning expanding cyber threats and ESG liabilities in 2023.

Posted: Jan 03, 2023

The killer in the next cubicle: Workplace violence and strategies to mitigate the risk

Perpetrators of deadly incidents in the workplace may transmit clues to their behavior well ahead of their vicious attacks.

Posted: Jan 03, 2023

A dozen surprising events covered by homeowners insurance

Educating policyholders about uncommon losses can be a great way for insurance agents and brokers to build trust and value.

Posted: Jan 03, 2023

Insurance-linked securities & the future of cyber reinsurance

Cyber insurance bonds could help meet the market's demand for capacity, while offering investors a new asset class.

Posted: Jan 03, 2023

Pricing, better investment yields could improve P&C performance in 2023

The coming year should see some stabilization in the personal auto space, but car insurers might not break even until 2024, Fitch Ratings reports.

Posted: Jan 03, 2023

Around the P&C insurance industry: January 4, 2023

Insurance industry news from vipHomeLink, RIMS, Ryan Specialty and more.

Posted: Jan 03, 2023

Closing soon: Complete the 2023 Agent Survey today

Please take a few minutes to respond to our online survey before Jan. 10, 2023. Your feedback matters!

Posted: Jan 03, 2023

Florida roof damage fight goes to appeals court

The Restoration Association of Florida and Florida Premier Roofing say a requirement for scaling back roof-damage claims is unconstitutional.

Posted: Jan 02, 2023

A touch of class on a budget: 8 affordable classic cars

Each of the classic rides on this list sells for $15,000 or less, according to HotCars, which notes these prices might not last for long.

Posted: Jan 02, 2023

Buying vs. selling insurance: A mindset change can improve business

As consumer preferences evolve, insurers must do more than simply 'sell' insurance products to win customers.

Posted: Jan 02, 2023

6 key trends influence employee benefits in 2023

In 2023, more companies will think beyond traditional employee benefits approaches.

Posted: Jan 02, 2023

Penn. appeals judges allow cap on UIM insurance under 'limit of protection' clause

The ruling is a win for insurance companies after the state appellate judges rejected a challenge to an auto insurer's “limit of protection” clause.

Posted: Jan 02, 2023

KCC pegs Winter Storm Elliott insured losses at $5.4B

The ‘once-in-a-generation’ storm resulted in marked loss of life along with damaged properties and vehicles.

Posted: Jan 02, 2023

Mental stress, crushing injuries among restaurant workers skyrocketed

Among restaurant workers, injuries involving crushed extremities were up 89%, whiles strains increased 23%, AmTrust reports.

Posted: Jan 02, 2023

KCC pegs Winter Storm Elliot insured losses at $5.4B

The ‘once-in-a-generation’ storm resulted in marked loss of life along with damaged properties and vehicles.

Posted: Jan 02, 2023

Expert estimates long COVID could cost economy $3.7 trillion

Around 23 million people in the United States have already contracted long-COVID.

Posted: Jan 01, 2023

Florida Supreme Court disbars Coral Gables insurance attorney

An ethics expert said the disbarment was a result of a "sheer number of violations that was too much" for the lawyer to overcome.

Posted: Dec 30, 2022

What does 2023 have in store for the E&S insurance market?

The past year saw strong growth in the E&S market. Will 2023 hold more of the same?

Posted: Dec 30, 2022

Shipping insurers moving to exclude Russian-Ukraine war claims

At least 12 of the 13 members of the International Group of P&I Clubs have changed policies to exclude claims stemming from Russia’s invasion of Ukraine.

Posted: Dec 28, 2022

Oh, the places your agency will go in 2023!

We’re looking ahead at what 2023 has in store for agents and brokers with insights from insurance pros.

Posted: Dec 28, 2022