PropertyCasualty360

PropertyCasualty360 PropertyCasualty360.com is the comprehensive online destination for P&C insurance sellers and buyers

A (truncated) history of no-fault auto insurance
08/25/2023

A (truncated) history of no-fault auto insurance

At its peak, 26 states had adopted no-fault insurance laws in some form. Today that number stands at 12.

How to better prepare insureds for climate change losses
08/25/2023

How to better prepare insureds for climate change losses

Environmental Impairment Liability (EIL) coverage is becoming integral to a risk manager’s insurance strategy.

A risk management perspective on s*x, fighting & other space tourism issues
08/25/2023

A risk management perspective on s*x, fighting & other space tourism issues

Discover liability issues associated with long term space tourism flights as the once unthinkable industry comes online.

People on the move in the P&C insurance industry: August 25, 2023
08/25/2023

People on the move in the P&C insurance industry: August 25, 2023

The latest insurance industry personnel news from Ryan Specialty, Pie Insurance, Socotra and more.

Supplemental spouse coverage is now included in all N.Y. auto policies
08/24/2023

Supplemental spouse coverage is now included in all N.Y. auto policies

As of Aug. 1, 2023, insurers must include the supplemental liability coverage, but policyholders can opt out.

Carrier, client property insurance concerns for late 2023
08/24/2023

Carrier, client property insurance concerns for late 2023

Carriers are doing what they need to do this year to put themselves in a healthy position.

Teen driver deaths saw grew 14% in 2020, biggest increase in past decade
08/24/2023

Teen driver deaths saw grew 14% in 2020, biggest increase in past decade

While teen roadway deaths were up in 2020, the past decade saw an overall decline, ValuePenguin reports.

As lawsuits mount over Maui wildfires, Hawaiian Electric hints at defenses
08/24/2023

As lawsuits mount over Maui wildfires, Hawaiian Electric hints at defenses

Although lawsuits are being filed, no wrong doing by Hawaii Electric has been found at this time.

J.D. Power: Small business insurance customer satisfaction hits all-time high
08/24/2023

J.D. Power: Small business insurance customer satisfaction hits all-time high

The exception to this bump in satisfaction were businesses with fewer than five employees – also referred to as micro businesses.

Tips for avoiding shady contractors following a wildfire & other disasters
08/23/2023

Tips for avoiding shady contractors following a wildfire & other disasters

The NICB reports that as much as $10 billion in disaster insurance payments was lost to contractor fraud in 2022.

Expect higher insurance rates in these low-credit locales
08/23/2023

Expect higher insurance rates in these low-credit locales

WalletHub looked at the U.S. cities and towns with the highest and lowest median credit scores.

FTC & DOJ propose major overhaul of merger guidelines
08/23/2023

FTC & DOJ propose major overhaul of merger guidelines

The proposed guidelines reflect the larger trend of increased antitrust scrutiny under the Biden Administration.

Around the P&C insurance industry: August 23, 2023
08/23/2023

Around the P&C insurance industry: August 23, 2023

Insurance industry news from NFP, New Hampshire Insurance Department, Liberty Company Insurance Brokers and more.

Changing perceptions: A four-pronged approach to worker risk
08/23/2023

Changing perceptions: A four-pronged approach to worker risk

Part 3 of 3: Fairfax County risk managers achieved award-winning workers’ comp outcomes by fine-tuning listening skills.

Online Click-Through Contracts: Clickwrap, Browsewrap, Everywhere a Wrap-Wrap
08/22/2023

Online Click-Through Contracts: Clickwrap, Browsewrap, Everywhere a Wrap-Wrap

In this article we address the perils in online contracting and how to protect against them.

Insurance concerns arise from Hilary's wind, water and mud damage
08/22/2023

Insurance concerns arise from Hilary's wind, water and mud damage

The tropical storm was the first to reach Southern California in more than 80 years.

Private carriers make headway in growing flood insurance market
08/22/2023

Private carriers make headway in growing flood insurance market

More than 32% of the flood market is written by 77 private companies, Triple-I reports.

23 people charged after authorities bust auto insurance fraud ring
08/22/2023

23 people charged after authorities bust auto insurance fraud ring

The group of fraudsters, comprised of family and friends, filed at least 33 fraudulent auto insurance claims.

Agents: Avoid these common social media missteps
08/22/2023

Agents: Avoid these common social media missteps

The increasing number of social media users puts the pressure on agents to carefully cultivate their digital content.

The City of Beverly Hills takes a mindful approach to risk management
08/22/2023

The City of Beverly Hills takes a mindful approach to risk management

Part 2 of 3: This 2023 Workers Comp Risk Management Award winner underscores the impact of proactive mental health care.

Majority of Gen Z Workers Integrating Data to Improve Daily Performance, Report Finds
08/21/2023

Majority of Gen Z Workers Integrating Data to Improve Daily Performance, Report Finds

Some employers don’t make enough productivity-related data and other metrics available to employees.

The top 10 U.S. commercial line insurers, according to S&P Global
08/21/2023

The top 10 U.S. commercial line insurers, according to S&P Global

Specialty insurers loom large on the list, driven by capacity demands for property coverage.

How American Airlines prioritizes employee wellness
08/21/2023

How American Airlines prioritizes employee wellness

Part 1 of 3: This airline is one of three winners of 2023 Workers Comp Risk Management Award for Excellence.

Public Notices and the Courts   Miami-Dade
08/21/2023

Public Notices and the Courts Miami-Dade

 

Marsh in talks to buy Australian broker Honan
08/21/2023

Marsh in talks to buy Australian broker Honan

The deal, valued at $448 million, could still fall apart despite being near the final stage.

Automation and AI drive better, more empathetic experiences
08/18/2023

Automation and AI drive better, more empathetic experiences

While it might sound counterintuitive, technology can actually help insurance organizations foster a culture of empathy.

Holding water (part 4): Cases involving backup & overflow
08/18/2023

Holding water (part 4): Cases involving backup & overflow

This article, the last in the series water losses, looks at how courts have determined coverage for various water-related claims.

EV repair costs continue to outpace those of ICE vehicles
08/17/2023

EV repair costs continue to outpace those of ICE vehicles

EVs tend to be designated ‘non-drivable’ less often than ICE vehicles, Mitchell reports.

Insurance customer signals that drive marketing, sales
08/17/2023

Insurance customer signals that drive marketing, sales

Behavioral cues help insurance professionals and sales teams stay ahead in a competitive landscape.

Holding water (part 3): Water terms used within the homeowners policy
08/17/2023

Holding water (part 3): Water terms used within the homeowners policy

Review how the terms such as plumbing, sewer, drain, overflow, or discharge are applied in the homeowners policy.

Supply chain disruptions and indemnity periods
08/17/2023

Supply chain disruptions and indemnity periods

Supply chain breakdowns are increasing costs, causing extended delays and creating a host of headaches for insurers and policyholders alike.

HUB International closes initial data breach investigation
08/17/2023

HUB International closes initial data breach investigation

The information that was compromised in the data breach includes but is not limited to Social Security numbers, ID and passport numbers, bank account information, and more.

More insurers exiting California's insurance market
08/16/2023

More insurers exiting California's insurance market

Berkshire Hathaway’s AmGUARD as well as Falls Lake Fire & Casualty are pulling out of the state’s beleaguered home insurance sector.

Roadmap to results: 4 tips to drive agency success through accountability
08/16/2023

Roadmap to results: 4 tips to drive agency success through accountability

Top-flight athletes work with personal coaches to unlock their best selves. Why isn’t that true for agency owners?

Holding water (part 2): Water terms used within the commercial property policy
08/16/2023

Holding water (part 2): Water terms used within the commercial property policy

The second part in this series reviews how certain involving terms involving water losses are applied in commercial property policies.

AXA XL's Danielle Roth focuses on cyber risks
08/16/2023

AXA XL's Danielle Roth focuses on cyber risks

Greater access and use of data offers insurers an opportunity to proactively work with clients to create the best risk mitigation approaches.

Around the P&C insurance industry: August 16, 2023
08/16/2023

Around the P&C insurance industry: August 16, 2023

Insurance industry news from One Inc, Kin, Ascend and more.

Forbes Advisor: Summer 2023's best small commercial insurers
08/16/2023

Forbes Advisor: Summer 2023's best small commercial insurers

'“The most common mistake that many business owners make is to blindly renew their insurance,' says the U.S. Chamber of Commerce.

Anti-DEI Suit Against Starbucks Goes Down Drain, But Other Suits Likely
08/15/2023

Anti-DEI Suit Against Starbucks Goes Down Drain, But Other Suits Likely

The use of shareholder lawsuits in this space is a real stretch. But I expect they will keep coming, Jason Schwartz, a partner at Gibson, Dunn & Crutcher, said.

Blockchain: A backend solution to insurance fraud, waste
08/15/2023

Blockchain: A backend solution to insurance fraud, waste

The property-insurance industry could leverage blockchain's attributes to enhance efficiency and customer experience.

Address

150 East 42nd Street, Mezzanine Level
New York, NY
10017

Alerts

Be the first to know and let us send you an email when PropertyCasualty360 posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Videos

Share

Nearby media companies


Other New York media companies

Show All

Comments

Among victims of ID theft in the past 12 months, 46% said they would have liked more assistance in handling the problem but didn’t get it, ITRC reports. One way they could have accessed this additional help is with an identity theft endorsement on a home or renters policy.
Drivers in Michigan are again expected to pay the most for car insurance in the coming year, with Florida and Rhode Island following.
"As we dive into 2023, auto insurance leaders are tasked with choosing how to respond to the challenges that are following us into the new year, and that’s not an easy job." http://ow.ly/VXJo50Moaiw
The Hanover reported its campaign has one of the highest participation rates among companies in the United Way’s Global Corporate Leadership Program. The campaign’s participation rate is five times higher than the national average too. http://ow.ly/Blc750Moabs
“This ruling will not please the members of the plaintiffs bar, but will provide comfort to those concerned about what they perceive to be ‘runaway’ jury verdicts,” said John Meagher of Shutts & Bowen. http://ow.ly/4fVr50Mo8Ru
Guy Goldstein, CEO of Next Insurance, examines some of the factors affecting the industry such as the role of technology, the importance of new product development, and what he sees ahead for 2023. http://ow.ly/q1Mb50Mo80j
Here are the most common perils that lead to homeowners insurance claims, according to Experian. http://ow.ly/hyQE50Mo77H
"If a defendant properly raises the argument, it will place the burden on the plaintiff to come forward with competent proof. The plaintiff would then have to show that the product’s risks outweighed its utilitarian features and that the product, therefore, was not reasonably safe. Ultimately, while we will certainly see more of these cases, manufacturers have a host of defenses available to them to combat these allegations." http://ow.ly/SuYl50Mn5ZT
Specialty firm deals are expected to continue an upward trend, with these deals increasing by a compound average growth rate of 21.9% since 2018. http://ow.ly/v7iT50Mn5W3
Michael A. Sirignano of Rivkin Radler surveys a variety of Southern District of New York cases from the past 12 months, highlighting the key features of these demonstrated (or alleged) insurance frauds. http://ow.ly/FOT250Mn5T9
Until Feb. 7, 2023, Duck Creek will have a “go-shop” period, during which the company can actively initiate, solicit and consider alternative offers. Duck Creek’s board can terminate the merger agreement with Vista should a superior offer materialize. http://ow.ly/p1bk50Mn5OF
There were 5,978 domestic U.S. insurers in 2021. Revenues collected increased 2.7% to $29.8 billion in 2021. State insurance departments received over 259,345 official complaints and 1.5 million inquiries. http://ow.ly/xS2850Mn5Lg
“California is experiencing coincidentally a drought emergency and a flood emergency,” said Department of Water Resources Director Karla Nemeth during a media briefing Monday. http://ow.ly/qkBM50Mn5IE
Online Payments in 2023: Trends, Changes & What You Need to Know

Join this complimentary webcast to discover how the latest developments can take your organization to the next level!

https://www.propertycasualty360.com/2022/12/13/online-payments-in-2023-trends-changes-what-you-need-to-know/
"Agents who want to go after the builders risk market would do well to follow the demographic, interest rates, and construction and economic factors that drive the market. You don’t need to be the expert; just maintain a high-level understanding of where the market sits.

"Here are four ways to do that."

http://ow.ly/c7Xo50MlUZB
"The elimination of the one-way fee-shifting statute will impact many first-party claims brought by homeowners that involve amounts less than $50,000." http://ow.ly/7cNA50MlUSR
#}