NU Property & Casualty 360

As war rages on, cyber insurers' 'War Exclusion clauses' face reckoning

As more state actors engage in cyberwarfare, insurance companies and private businesses are struggling to find common ground on what the "War Exclusion Clause" means for them.

Posted: Sep 26, 2022

Cyberthreats remain the top business concern, Travelers reports

Nearly 60% of business leaders think it is inevitable that their organization will be hit by a cyberattack.

Posted: Sep 26, 2022

Hurricane Ian forms into Category 1 as it heads toward Florida

The National Hurricane Center anticipates Ian to become a major hurricane as it nears western Cuba later tonight.

Posted: Sep 26, 2022

Helping winery clients navigate harvest season safely & efficiently

Now is the busiest time of year for these businesses, which still face risks ranging from auto to wildfires.

Posted: Sep 26, 2022

How to know when it's time to exit a business

Owners who make the decision to close down a business should be direct in their communication, be personal, be available and honor the company’s commitments.

Posted: Sep 26, 2022

5 big ideas from ITC Vegas

Quantum computing, deeper AI and omnichannel CX were among the threads running throughout the insurtech conference.

Posted: Sep 26, 2022

Ruling underscores significance of warranty statements for insurers

In some cases, whether a particular situation requires disclosure to an insurer may fall within a gray area for which consultation with counsel is recommended.

Posted: Sep 25, 2022

Who's using what in P&C insurance: September 26, 2022

Insurance technology news from WTW, Zywave, Liberty Specialty Markets and more.

Posted: Sep 25, 2022

10 things you should know about adjusting flood claims

These recommendations for catastrophe adjusters can ensure critical facets of an insured's inspection aren’t missed.

Posted: Sep 25, 2022

Ransomware protection for small businesses

Small businesses are often targets of hackers because they have fewer resources in the event of a cyberattack, or that’s the common misconception.

Posted: Sep 22, 2022

5 Steps to prepare for hurricane CAT claims

Preparing for the unexpected, identifying vendors and having a good storm protocol will help expedite the claims and recovery process.

Posted: Sep 22, 2022

J.D. Power: Rising auto premiums threaten home bundles

The study found retention rates among insurance customers who bundle policies are much higher than those who don't.

Posted: Sep 22, 2022

Insurance regulator didn't violate NRA's 1st amendment rights, court rules

The defense’s lawyer argued that the NRA’s claims should be dismissed under the doctrine of qualified immunity.

Posted: Sep 22, 2022

How top independent insurance agents can maximize their time

Resilient insurance agents leverage partner-carrier resources to run efficient, effective business operations.

Posted: Sep 22, 2022

People on the move in the P&C insurance industry: September 23, 2022

The latest P&C industry personnel news from Liberty Company Insurance Brokers, Everest Reinsurance, Fusion Specialty and more.

Posted: Sep 22, 2022

No coverage for construction delay caused by broken tunnel machine

The Wash. Supreme Court decided that the policy's "machinery breakdown" exclusion precluded damages for a delay caused by a broken-down tunnel borer.

Posted: Sep 22, 2022

Climate change is generating insurance, legal issues

Demand is growing for more public disclosures about climate risks, especially for out-of-market buyers.

Posted: Sep 22, 2022

Insurers need to nurture their social media accounts

While in-person connections are still key to building strong business relationships, that doesn’t mean social media isn’t a crucial part of the puzzle.

Posted: Sep 22, 2022

Forbes Advisor: Worst states for road rage

Dangerously aggressive driving played a role in 56% of fatal crashes between 2003 and 2007, the NHTSA says.

Posted: Sep 22, 2022

Business interruption will determine size of Hurricane Fiona losses

AM Best anticipates carriers will be able to manage losses in Puerto Rico and the Dominican Republic stemming from Fiona.

Posted: Sep 21, 2022

A strong partnership with your carriers delivers more revenue to your independent insurance agency

There are two things every agency should do to become better aligned with its insurers.

Posted: Sep 21, 2022

Penn. court finds injured worker waited too long to file claim

A Pennsylvania court ruled the burden of timely notice rests with the injured work, regardless of injury severity.

Posted: Sep 21, 2022

The business case for well-being programs and how to get started

Well-being is a term batted around quite a bit, but what exactly does it entail and why should insurance carriers, agents and brokers care? According…

Posted: Sep 21, 2022

Identifying fraud in business interruption claims

Insurers should watch for several factors that could be red flags for fraudulent claims: opportunity, incentive and rationalization.

Posted: Sep 21, 2022

Protecting your home against the leading causes of fire

Local fire departments in the United States responded to around 1.35 million fires in 2021, according to the NFPA.

Posted: Sep 21, 2022