NU Property & Casualty 360

After 'ESG collusion' threats, insurers walk away from joint sustainability strategy

Antitrust rules have become a key weapon in the campaign against environmental, social and governance strategies.

Posted: May 14, 2023

If your insurance organization isn't digitizing, you'll lose clients

Insurance automation: Recent research illustrates a significant change in customer expectations.

Posted: May 14, 2023

7 trends in multinational insurance programs

Dive into the details of cross-border exposures and the risk transfer methods used to ease pressure on multinational companies.

Posted: May 12, 2023

Class action suit accuses Travelers Insurance of inflating homeowner premiums

The liability limits sold to the class representative were approximately 4.5% higher than they would have been had defendants based those limits on reconstruction cost without debris removal, the suit alleged.

Posted: May 11, 2023

People on the move in the P&C insurance industry: May 12, 2023

The latest insurance industry personnel news from Lodestone Security, One Inc, Spot Insurance and more.

Posted: May 11, 2023

Massachusetts bill aims to reduce auto premium disparity

A study from MoneyGeek found people living in ZIP codes with larger white populations often pay less for their car insurance.

Posted: May 11, 2023

Severe thunderstorms and hail: A past, present and future risk

The hail threat is growing and has unique cumulative effects. Here's how insurers can better address the risk.

Posted: May 11, 2023

Global commercial property rates up in Q1, led by U.S.

U.S. commercial property insurers continue to voice concern about undervaluation and inflation, according to Marsh.

Posted: May 11, 2023

Survey finds number of insureds happy to buy policies online drops

Despite insureds' purchasing preferences, chatbots are unpopular in all parts of the insurance buying process.

Posted: May 11, 2023

Can AI solve the property data dilemma?

Consistently identifying property and corresponding business records can create underwriting challenges for insurers.

Posted: May 10, 2023

How to define ESG Is 'the million-dollar question'

Skadden, Arps, Slate, Meagher & Flom partners Anita Bandy and Marc Gerber discuss grey areas and the scope of environmental, social and governance frameworks.

Posted: May 10, 2023

Survey: Number of insureds happy to buy policies online drops

Despite insureds' purchasing preferences, chatbots are unpopular in all parts of the insurance buying process.

Posted: May 10, 2023

Recissions based on 'material misrepresentations' can help combat fraud

One of the most powerful tools insurance carriers have to fight fraud is to rescind a policy based on a material misrepresentation in the application.

Posted: May 10, 2023

California bill aims to accelerate commercial insurance options for 'clean fleets'

Insurers will be required to report on how many zero-emission trucks are covered and the losses of these vehicles.

Posted: May 10, 2023

The time is now to modernize an archaic boat-rental industry

Rental facilities that leverage technology to enhance operations will win both with insurers and customers.

Posted: May 10, 2023

Rhode Island High Court vacates ruling for Allstate, ordering stalled property appraisal after nearl...

The Rhode Island Supreme Court vacated and remanded a lower court's ruling, determining a property owner had properly demanded an appraisal within the time limit provided in his policy with Allstate.

Posted: May 10, 2023

Protecting the mental health of insurance responders

Mark Debus, clinical manager of behavioral health at Sedgwick, discusses the impact of trauma response and compassion fatigue for insurance first responders.

Posted: May 09, 2023

Around the P&C insurance industry: May 10, 2023

Insurance industry news from Carpe Data, RIMS, Openly and more.

Posted: May 09, 2023

Which states' drivers do the most auto policy shopping?

According to a recent report from J.D. Power, more customers are shopping for auto policies than have been recorded in nearly two years.

Posted: May 09, 2023

Workers' comp premiums up 11% in 2022, reaching pre-pandemic levels

The NCCI reported the sector had a combined ratio of 84 in 2022, marking the sixth consecutive year with a combined ratio below 90.

Posted: May 09, 2023

How this insurance exec learned to stop worrying and love AI

Uniquely human skills can be enhanced by leveraging technologies that automate nonessential activities.

Posted: May 09, 2023

Georgia law changes auto insurance rate filing rules

Propelling this legislation forward were filings in 2022 by Allstate, which increased rates by 40% during that calendar year.

Posted: May 09, 2023

Insurance company's mistake results in significant bad faith claim

The plaintiff received 12 times the policy limit of the defendant's insurance coverage.

Posted: May 08, 2023

Alberta experiencing ‘unprecedented’ wildfire situation

A provincial state of emergency was declared May 6, as over 100 fires actively burned in Alberta, Canada.

Posted: May 08, 2023

10 Most affordable U.S. cities for startups

The commercial insurance blog Embroker aptly points out that “not all top startups have a Bay Area budget.”

Posted: May 08, 2023