NU Property & Casualty 360

Insurer urges judges to reject Harvard’s claim to legal costs in Supreme Court case

First Circuit presses Harvard on missed notification deadline for insurance coverage in case challenging school's admissions policy.

Posted: Jun 08, 2023

People on the move in the P&C insurance industry: June 9, 2023

The latest insurance industry personnel news from NFP, The Hartford, McGlinchey Stafford and more.

Posted: Jun 08, 2023

Claims transformation: The inconvenient truth

Customers expect insurers to share information that illuminates the hidden dangers of their daily routines and to give guidance on minimizing the likelihood of adverse outcomes.

Posted: Jun 08, 2023

Florida joins 9 other states to fight against NFIP's Risk Rating 2.0

Florida, Louisiana and the other states are challenging Risk Rating 2.0, which changed the methodology for determining flood insurance prices.

Posted: Jun 08, 2023

How personal transformation, leadership growth drive business success

Increased emotional intelligence has a positive correlation with increased earnings potential.

Posted: Jun 08, 2023

Florida's Citizens seeking 13.4% average rate increase

Citizens is expected to hit 1.7M policies with $654B in total insured value by the end of this year.

Posted: Jun 08, 2023

Insurer must pay $9.2M after denying $1.2M claim for hurricane damage

The insurer refused the claim because it determined that the hurricane caused only minor damage to the property, and that the cost of any repairs was less than the insurance policy’s deductible.

Posted: Jun 07, 2023

Arizona blocks new homes in Greater Phoenix due to lack of water

No permits to be issued for new homes that rely on wells in Maricopa County.

Posted: Jun 07, 2023

Driven by Winter Storm Elliott, freeze claims jumped 428%

December 2022 through January 2023 saw an increase in every type of loss associated with winter storms compared to the previous year, according to a report from Verisk.

Posted: Jun 07, 2023

Get ready for boating season: Are you covered?

Boating enthusiasts should understand the types of insurance needed to protect against theft, damage, accidents and other disasters.

Posted: Jun 07, 2023

Ocean marine total losses hit 12-year low in 2022

Fewer than 40 vessels were total losses in 2022, a 36% drop from the year prior, AGCS reports.

Posted: Jun 07, 2023

How machine learning helps insurers increase profitability

The 'sweet spot' for insurers when using machine learning involves gaining a clearer picture of customer behaviors.

Posted: Jun 07, 2023

Allstate, State Farm pullout aggravates tough Calif. business environment

Insurance agents and brokers in the Golden State have little choice but to help clients navigate the situation.

Posted: Jun 07, 2023

Personalizing the insurance experience for customers

Jess Keeney, chief product & technology officer for Duck Creek, discusses how technology is changing the customer experience for policyholders.

Posted: Jun 06, 2023

Around the P&C insurance industry: June 7, 2023

Insurance industry news from Embroker, VIU by HUB, Ryan Specialty and more.

Posted: Jun 06, 2023

The 10 most expensive U.S. hurricanes

Tropical Storm Arlene became the first named storm of the 2023 Atlantic hurricane season when it formed over the Gulf of Mexico on Friday, June 2,…

Posted: Jun 06, 2023

Insurance Coverage Q&A: Does Your Dog Bite?

How does policy language line up with New York regulations concerning insurers ability to underwrite based on dog breeds?

Posted: Jun 06, 2023

Florida insurance regulator appoints two deputy commissioner

The deputies will be charged with overseeing the implementation of recently enacted insurance legislation.

Posted: Jun 06, 2023

Equipping the next generation of insurance claims professionals

Today’s claims experts need a combination of traditional insurance-related education and soft skills to succeed.

Posted: Jun 05, 2023

LexisNexis: New auto policies showed double-digit growth in Q1

According to LexisNexis, drivers age 66+ had the highest rates of new auto policy growth in Q1 2023.

Posted: Jun 05, 2023

Top reasons some insureds shun electric vehicles

Cost, safety concerns and political affiliations are all reasons that many consumers remain wary of electric vehicles.

Posted: Jun 05, 2023

How a 10-story wood building survived more than 100 earthquakes

The structure is the tallest ever subjected to simulated earthquakes on the world’s largest high-performance ‘shake table.’

Posted: Jun 05, 2023

Policyholder claims Progressive undervalued totaled vehicles

The class action suit alleges the insurer ‘thumbed the scale’ when setting the actual cash value of vehicles deemed a total loss.

Posted: Jun 05, 2023

Insurers cannot overlook voice-channel digital transformation

Branded calling technology helps insurers that are struggling with low call-answer rates among customers.

Posted: Jun 05, 2023

Heavy lies the crown: Why California's largest home insurer hit pause

State Farm is expected to maintain its leading market share in California even without writing new business, according to Fitch Ratings.

Posted: Jun 05, 2023