NU Property & Casualty 360

Around the P&C insurance industry: April 17, 2024

Insurance industry news from EMC Insurance, PoloWorks, King Insurance Partners and more featured in weekly update.

Posted: Apr 16, 2024

J.D. Power: Customers are shopping for auto policies at record rates

Auto policy shopping has become more active, as the number of customers "just browsing" quotes has dropped.

Posted: Apr 16, 2024

4 people arrested for staging auto accident in Miami

The four face up to 10 years in jail if convicted on all charges.

Posted: Apr 16, 2024

States where drivers have the most at-fault accidents

Analysis of auto insurance customer inquiries combined with national arrest and population data uncovers highest-risk states for at-fault car accidents.

Posted: Apr 16, 2024

Court rules 'insured location' includes two addresses on single parcel of land

The court found the potential for coverage because the policy at issue applied to two structures that were on the same, undivided parcel of land.

Posted: Apr 16, 2024

Fitch: Cyber insurance profits strong, premiums slow

Insurers now issue stricter policy language and insert more sub-limits and exclusions into cyber coverage.

Posted: Apr 16, 2024

Cargo owners may bear portion of damages from Baltimore bridge accident

The owner of the cargo ship that involved in Baltimore’s bridge disaster declared general average.

Posted: Apr 15, 2024

Tesla settles wrongful death lawsuit one day before trial starts

Tesla settled with the family of Walter Huang for an undisclosed amount after he was killed in a crash while using its Autopilot software.

Posted: Apr 15, 2024

Jury awards $55M to woman who lost both legs in interstate accident

The plaintiffs intend to file a bad-faith suit in the case after their insurance company repeatedly refused to tender its policy until shortly before trial.

Posted: Apr 15, 2024

These states have the most public transit incidents

Wyoming experiences the fewest public transport incidents in the U.S., with only 19 recorded since 2010.

Posted: Apr 15, 2024

Altria class action spotlights AI fraud and mitigation

This case serves as a stark reminder of a growing threat: fraudulent claims facilitated by artificial intelligence.

Posted: Apr 15, 2024

Employees embrace AI efficiencies, look past cybersecurity concerns

A new study underscores the idea that many workers continue to use unsecure personal devices for their jobs.

Posted: Apr 15, 2024

Injured workers' most common questions about the claims process

Many claims pain points stem from ineffective communications and a failure to cut through the complexity of the claims process.

Posted: Apr 15, 2024

Motorized scooters, e-bikes and no-fault coverage

The convenience and affordability of motorized scooters, mopeds and E-bikes also comes with a price in the form of injuries, sometimes fatal.

Posted: Apr 14, 2024

Navigating the complexities of representations and warranties insurance

RWI helps facilitate smoother transactions by transferring transaction-related risks to insurance carriers.

Posted: Apr 14, 2024

Who's using what in P&C insurance: April 15, 2024

Insurance technology news from Send Technology Solutions, Trean Insurance Group, Bond-Pro, and more.

Posted: Apr 14, 2024

Nomination deadline extended for 2024 workers' comp awards

The deadline to nominate is now May 1, 2024.

Posted: Apr 14, 2024

The biggest workers' compensation carriers (based on market share)

Through the first half of 2023, private workers' comp carriers had a 47% combined direct loss ratio.

Posted: Apr 14, 2024

How California homeowners can protect their assets in 2024

Homeowners in the Golden State must navigate insurance instability and uncertainty with care.

Posted: Apr 14, 2024

Top global cities for wealthy property owners

One in five ultra-wealthy individuals plan to invest in real estate during 2024, according to Knight Frank.

Posted: Apr 11, 2024

How AI can mitigate roof-related insurance losses

Incorrect roof age data is a significant concern for P&C insurers, costing $1.3 billion per year in premium leakage, according to CBIZ.

Posted: Apr 11, 2024

Making a difference: April 12, 2024

Philanthropic insurance news from IICF.

Posted: Apr 11, 2024

California contract fess up to workers' comp fraud charges

The contractor underreported payroll by nearly $1 million to lower his workers’ comp premium.

Posted: Apr 11, 2024

Misunderstanding over auto policy limits potentially reduced settlement by $400K

A law firm initially proposed a $100,000 settlement and alleges the insurer concealed a $500,000 death-claim limit.

Posted: Apr 11, 2024

Flash flooding, tornadoes rock Gulf Coast states

High winds from these storms reportedly cut power to more than 250,000 customers across the south on Wednesday.

Posted: Apr 11, 2024