News

Who’s using what in P&C insurance: June 18, 2018

PC360 Staff | June 18, 2018

Property & casualty insurance industry tech and partnership news from Johnson & Johnson Insurance, Tower Insurance, CAA and more.

News

South African insurer refused to pay ransom after computer hack

Amogelang Mbatha | June 18, 2018

Liberty Holdings couldn’t comment on the identity of outside parties that gained access to the IT infrastructure.

Commentary

Understanding cyber risk from the enterprise level on down

By Laurie Champion | June 18, 2018

Here’s how you and your clients can become more 'cyber' smart.

Market Insights

Last call! NU's Excellence in Workers' Comp Award open for submissions

Shawn Moynihan | June 18, 2018

Have you nominated your workers' comp program for the NU Excellence in Workers' Compensation Risk Management Awards? Entries close June 25, 2018.

Best Practices

Keep children safe from these 5 common dangers this summer

Denny Jacob | June 18, 2018

There are plenty of risks which can put children in harm's way — much of them often preventable but deadly when left unchecked.

News

New York, Boston face coastal flooding due to above-normal tides

Brian K. Sullivan | June 15, 2018

Tides may be pulled a foot above normal in many places, sending the Atlantic onto roads and into vulnerable basements.

Commentary

Guns, schools and claims: Part 1

Ken Brownlee, CPCU | June 15, 2018

Arming teachers may cause more problems than it solves.

Commentary

Insurers’ good fortune may need more than a capital idea

Benjamin T. Bubeck, CFA | June 15, 2018

Have insurers been 'lucky' or have they worked hard to secure their good fortune? It could be a bit of both.

Market Insights

All builder's risk insurance policies are not created equal

Joshua Lorenz and Craig Ream | June 15, 2018

Most construction contracts require project leaders to obtain builder’s risk insurance.

Analysis

Driverless cars may cut traffic jams, not insurance premiums

William Mathis | June 14, 2018

As driverless vehicles reduce car ownership, insurers may not face the Armageddon that had been predicted, new research shows.

Commentary

Technology paves the way for the future of the agency channel

Sam Fleming | June 14, 2018

Agents who give personalized advice and advocacy when needed represent the great upside to the rise of InsurTech, and the future of the agency channel.

Analysis

Volcanic activity & insurance considerations for businesses

David E. Weiss, Michael H. Sampson, Douglas R. Widin and Max J. Louik | June 14, 2018

Many businesses — from hotels to golf courses to airlines — already have suffered or are at risk of suffering losses.

Analysis

Risky rides: Unique exposures for amusement parks

Karen Sorrell | June 14, 2018

A leading contributor to park injuries and fatalities is improper operation of a ride.

News

FEMA is exploring expansion of its reinsurance program

Christopher Flavelle | June 13, 2018

The federal government is seeking to protect itself from the growing cost of natural disasters by buying reinsurance.

Analysis

The future of cyber threats: When attacks cause physical harm

Patricia Kane | June 13, 2018

It's likely that attacks that aim to physically interfere with software or security systems will only increase in the future.

News

N.J. bill mandating liability insurance coverage gains traction

Michael Booth | June 13, 2018

Employers and owners of multiple-dwelling properties would need to maintain policies of at least $500,000.

Analysis

When water destroys with a trickle instead of a flood

FC & S Editors | June 13, 2018

Coverage Q&A: It’s essential to know whether your homeowners’ policy includes an exclusion for leaks lasting more than a few days.

News

Allianz's pursuit of insurance targets keeps market guessing

Dinesh Nair, Julie Edde, Aaron Kirchfeld and Ruth David | June 12, 2018

Europe’s largest insurer, Allianz SE, is in the early stages of evaluating a variety of potential acquisition targets.

Commentary

Insurers embracing disruption to reinvent themselves

Sam J. Friedman | June 12, 2018

Incumbent insurers are making great strides to keep up with the InsurTech and data analytics craze.

Slideshow

6 safety steps for contractors to follow this hurricane season

Danielle Ling | June 12, 2018

Experts at Travelers offer critical safety precautions for construction workers ahead of the 2018 hurricane season.

Best Practices

3 steps to managing your potential infectious disease exposures

Christian Ryan | June 12, 2018

Here are 3 ways global businesses can manage their potential exposure to Ebola, Nipah and other public health threats.

News

Hurricane Bud prompts storm watches on Mexico's Pacific shore

Brian K. Sullivan | June 11, 2018

Bud is currently a category 3 hurricane with top winds of 115 miles.

News

PG&E sees 'significant liability' in California wildfires

Mark Chediak, Pamela Maclean and Jim Efstathiou Jr. | June 11, 2018

Cal Fire said Friday that PG&E equipment caused at least 12 of the wine country blazes.

News

Technology can keep employees safe, but businesses still lag in adoption

Denny Jacob | June 11, 2018

Millennial business owners are leading the charge as 71% of them are using connected technologies for safety efforts.

Commentary

Reinsurers must anticipate new risks in the digital age

Pascal Millaire | June 11, 2018

It's been a challenging few years for the reinsurance industry. But as they say, sometimes it's darkest before the dawn.

Profile

Executive profile: PIA National CEO Mike Becker

Shawn Moynihan | June 11, 2018

Empowering independent agents is this baseball-loving insurance leader’s signature swing.

News

New Colorado law sets 30-day requirement for data breach notification

Gabrielle Orum Hernández | June 08, 2018

The 30-day notification window does not provide for any specific exemptions and is the shortest of any state.

Commentary

Hey InsurTechs: Here's why you will likely fail

Karlyn Carnahan | June 08, 2018

Despite the massive amount of money being poured into InsurTechs, there are some clear signs of potential failure.

News

Buffett's wrong on cyber insurance risk, Chubb's Greenberg says

Brian Louis | June 07, 2018

Greenberg said cyber risk is insurable and that 'Chubb is a large writer' of the coverage.

News

Tesla Model X in California crash sped up prior to impact

Alan Levin and Ryan Beene | June 07, 2018

A NTSB preliminary report raises new questions about the capabilities of Tesla’s semi-autonomous driving system.

Commentary

Property claims, customer satisfaction, and good business

Kevin Reilley | June 07, 2018

Here's why insurers must engage modern technology to empower customers.

News

ISO commercial flood insurance coverage form now available

Rosalie Donlon | June 07, 2018

ISO's Commercial Flood Insurance Policy is similar to a commercial property policy but it has differences that insurance agents and brokers need to know.

News

Motel targeted in sex trafficking lawsuit loses insurance coverage

Max Mitchell | June 07, 2018

An insurance carrier has no obligation to defend against a lawsuit aimed at holding a motel liable for sex trafficking that occurred on its premises.

Market Insights

Aviation insurance underwriters are in for a bumpy ride

Bill Coffin | June 07, 2018

Excess capacity and new exposures are forcing underwriters to rethink how they write aviation risk.

Research

U.S. motorcycle thefts decreased in 2017

Jayleen R. Heft | June 07, 2018

A total of 44,268 motorcycles were reported stolen in 2017 compared with 46,467 reported stolen in 2016 — a decrease of 5%.

Research

New York, Boston set coastal flood records as storms fuel tides

Brian K. Sullivan | June 06, 2018

Coastal floods are growing more frequent because oceans are rising and causing billions in damages to property.

Liability in the age of autonomous vehicles

Robert F. Tyson and Greta M. Schultz | June 06, 2018

Some auto risks will not change, but others will shift from drivers to manufacturers.

News

European Commission proposes stronger motor vehicle insurance rules

Steven A. Meyerowitz | June 06, 2018

The proposal to amend the Motor Insurance Directive would make it easier to combat uninsured driving, according to the EC.

News

5 key takeaways from GHSA's report on drug-impaired driving

Denny Jacob | June 06, 2018

Curtailing the issue of drug use and abuse on the streets has dogged law enforcement for years, but U.S. roadways are just as problematic.

News

Hack of DNA website exposes data from 92 million user accounts

Kristen V. Brown | June 05, 2018

With the information exposed in the breach, a hacker could access personal info such as the identity of family members.

News

Education, service frame conversations during IASA 2018

Elana Ashanti Jefferson | June 05, 2018

Dr. Jill Biden challenged insurance professionals to 'make a difference where you are, how you can.'

News

Understand the unique risks that come with employing older workers

Denny Jacob | June 05, 2018

With an aging workforce, there are a number of workplace injury risk factors to consider.

Commentary

Preventing EPL claims takes planning, commitment

Todd Cincotta | June 05, 2018

Our industry now needs to look closer at sexual harassment policies as well as other contemporary employment issues.

Analysis

Determining coverage for mudslide claims

Jason Hargraves | June 05, 2018

Policyholders need to know the difference between mudslides and mudflows and if coverage applies.

News

First Cannabis Business Owners Policy approved in California

Christine G. Barlow, CPCU | June 05, 2018

What does the 'CannaBOP' policy include, and is it right for your prospect or client?

Best Practices

The 2018 hurricane season is here: Are you prepared?

Danielle Ling | June 04, 2018

Predictions are in for the 2018 hurricane season. Here's what you need to know to protect your property.

News

Who’s using what in P&C insurance: June 4, 2018

PC360 Staff | June 04, 2018

Property & casualty insurance partnership and tech news from Octo Telematics, Sapiens International, SterlingRisk, Applied Systems, EIS Group and more.

News

California lawmakers are said to consider wildfire relief fund

Mark Chediak and Romy Varghese | June 04, 2018

Proposal to help utilities shoulder billions in potential liability costs while offering relief to wildfire victims.

Commentary

Don't write blockchain's obituary just yet

Michael Costonis | June 04, 2018

Blockchain has the potential to revolutionize how insurance business gets done.

News

As hurricane season starts, cities still await 2017 FEMA aid

Christopher Flavelle | June 01, 2018

In Florida, less than 1% of the promised $83 million in federal money has reached cities and counties.