NU Property & Casualty 360

Florida legislature passes bill to tame rising property insurance costs

The bill represents the ‘most extreme measures’ ever taken by the state to tackle the property insurance crisis, a former state senator said.

Posted: Dec 14, 2022

Cannabis financing: How to secure capital in a cash-only industry

Cannabis insurance protects companies from damage that causes financial setbacks, but leaders can also use it to help secure financing.

Posted: Dec 14, 2022

Increase in labor competition leads to greater investment in employee experience

Sixty-three percent of respondents say challenges due to the shift from in-person to remote and hybrid work has led to a willingness to invest more in EX.

Posted: Dec 14, 2022

The insurance industry's COVID sin

The meaning of “physical loss or damage” has been the centerpiece of virtually every COVID-19 business interruption case.

Posted: Dec 14, 2022

A colossal shift coming: EVs, auto claims & underwriting

By 2025, 3% of all registered vehicles in the U.S. will be electric. This share is projected to reach 8% by 2030.

Posted: Dec 14, 2022

Workers' comp claims: Drinking & fighting on the job in Georgia

Review allowable defenses for denying workers’ comp claims for injuries arising from willful misconduct and deviations from the scope of employment in Georgia's no-fault workers' comp system.

Posted: Dec 14, 2022

Getting your mojo back: Consider these 5 questions to boost business

When growth slows, agency owners should reflect on their business’s needs and set a vision for the future.

Posted: Dec 13, 2022

Around the P&C insurance industry: December 14, 2022

Insurance industry news from PCF Insurance, Ryan Specialty, Alera Group and more.

Posted: Dec 13, 2022

10 of the most hazardous toys of 2022

W.A.T.C.H. released their 50th annual nominees for the “10 worst toys” of the year just in time for the 2022 holiday season.

Posted: Dec 13, 2022

Using AI eye-in-the-sky to improve insurance coverage

By applying new forms of analytics-driven aerial imaging technology, insurers can better identify property risks.

Posted: Dec 13, 2022

Hurricane impacts and Florida's construction market

Supply chain issues from the pandemic and two major hurricanes just weeks apart have affected the rebuilding efforts across much of Florida.

Posted: Dec 13, 2022

Deloitte: Here's how insurers can bolster the value of data

Cultural changes are necessary to maintain data management as a competitive differentiator.

Posted: Dec 13, 2022

How shrinking IPO activity impacts the D&O insurance market

The lack of IPO activity will impact insurers wanting to write this business and result in a more competitive environment.

Posted: Dec 13, 2022

Florida releases insurance proposal details for special session

The insurance market has faced massive problems during the past two years, with insurers seeking large rate increases and dropping hundreds of thousands of customers because of financial losses.

Posted: Dec 13, 2022

The Zebra: Best car insurers for online customer satisfaction

These survey results are based on responses from more than 4,100 current U.S. residents.

Posted: Dec 13, 2022

Among startups without cyber insurance, cost remains a top reason

Around half of startup founders report being pressured to invest in cyber insurance by their investors, board members or both.

Posted: Dec 12, 2022

5 ways small business owners can prepare for a recession

Flexible business owners are the ones who survive recessions and challenging times.

Posted: Dec 12, 2022

The mental side of an injured worker’s recovery

Studies show psychological risk factors can explain as much as a 35%-40% variation in how a person responds to an injury or illness.

Posted: Dec 12, 2022

FedNat enters Chapter 11 in Florida court, interim CEO resigns

The company has around $6.5 million in cash on hand, which it reported will be enough to maintain day-to-day operations during the bankruptcy.

Posted: Dec 12, 2022

Cyber insurance demand creates opportunity for agents, brokers

Chubb study finds that more consumers are taking steps to thwart cyberattacks but it may not be enough to fully shield them.

Posted: Dec 12, 2022

One year later: Candle factory employees in deadly tornado file 'mass action' against supervisor

On December 10, 2021, a tornado struck the plant, causing the building to collapse. Nine people were killed and several others were injured.

Posted: Dec 11, 2022

Who's using what in P&C insurance: December 12, 2022

Insurance technology news from Copart, Coterie Insurance, Mosaic Insurance and more.

Posted: Dec 11, 2022

These 10 states see the most drunk driving incidents & accidents

More than half of drivers say they are worried about getting into an accident on a holiday, and drunk driving is the biggest concern.

Posted: Dec 11, 2022

Holiday ‘fun’ at the off-site office party

Review the potential claims that can arise when the office holiday party goes off-site and off the rails.

Posted: Dec 11, 2022

It's a wrap: Key issues insurers faced in 2022

From sophisticated cyberattacks and deepfakes to social inflation and a plethora of pandemic-related business interruption claims, insurers have had a busy year.

Posted: Dec 11, 2022