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Skip to content * MyNewMarkets.com * Claims Journal * Insurance Journal TV * Academy of Insurance * Carrier Management FEATURED STORIES * Liberty Mutual to Eliminate 250 Positions * Pennsylvania’s 7.8% Workers’ Comp Cut to Take Effect * News * Markets Search News Search Markets CURRENT MAGAZINE * Read Online * Subscribe * Front Page * National * International * Most Popular * Magazine * Forums * Blogs * Videos/Podcasts * Newsletters * News * Most Popular * National * International * East * Midwest * South Central * Southeast * West * Magazines * East * Midwest * South Central * Southeast * West * Subscribe * Research * Directories * Jobs * Features * Events * Forums * Market Directories * Quotes * Polls * Rankings & Awards * Insurance Giving Back * Subscribe LOW CAT LOSSES, AUTO HIKES RETURN ALLSTATE TO THE BLACK Allstate fourth quarter 2023 net income was $1.5 billion, reversing a loss of $303 million. 5 PUBLICLY TRADED BROKERS TURN IN ANOTHER BANNER YEAR Strong annual revenue growth ranged from 7% to 18%. * Most Read * East * West * Southeast * South Central * Midwest * ‘Citizens 2.0’ is 86’d but Other Florida Insurance, Liability Bills Still Alive * Uber Sues Drivers’ Insurer Alleging Its Claims Practices Have Fueled Tort Litigation * Officials Say California Family Arraigned for Auto Insurance Fraud Filed 40-Plus Claims * Update: Truist Agrees to Sell Rest of Insurance Arm to Stone Point, CD&R * In SW Florida, High Home Insurance Rates Are Driving Away Would-Be Buyers * Allstate Reports $276M in January Cat Losses, Updates Rate Increases * Target, Hoverboard Maker Agree to $38.5M Settlement Over Fire That Killed 2 Girls * New York State’s Commission on Ethics Facing Judicial Test * Supreme Court Leaves Intact Elite School’s Diversity Policy * New Jersey School District Settles Sex Abuse Lawsuit Involving Teacher for $6 Million * King Insurance Acquires New Jersey’s Mehta Agency * Long-Serving Delaware Chancery Court Judge to Retire at Year’s End * Woman Drops Lawsuit Alleging Billionaire Financier Raped Her * Inszone Insurance Services Acquires Frank Vitale Insurance Agency * Oil And Gas Producer Paying Millions to New Mexico Over Pollution Concerns * Inszone Acquires Entertainment Specialist Truman Van Dyke in California * California Hillsides Are at Risk of Floods After Days of Downpours * Dark Skies, Bad Weather Could Have Led to Fatal California Helicopter Crash That Killed 6 * New Storms Hit California as Wet Winter Brings More Flooding, Winds and Heavy Snowfall * Alfa Insurance Did Not Discriminate Against Worker with MS, Appeals Court Finds * Texas Jury Finds LSD did not Cause Spinal Injury, Requires Occidental to Pay HO Limits * NHC Unveils New Hurricane Forecast Maps for 2024, Showing More Inland Warnings * South Carolina Lawmakers Mulling Liquor Liability Fund to Ease Coverage Crisis * ‘Citizens 2.0’ is 86’d but Other Florida Insurance, Liability Bills Still Alive * New Concerns About NC State University Building Found to Have PCBs * Texas Jury Finds LSD did not Cause Spinal Injury, Requires Occidental to Pay HO Limits * Resilience Acquires Texas-Based BreachQuest * Texas Car Dealership Settles Discrimination Lawsuit for $145K * Marsh McLennan Acquires 2 Louisiana Agencies * TWIA Committee Recommends $6.5B as PML for 2024 Storm Season * West Texas Has More Fatal Crashes Than State Average, Report Finds * Michigan Department of Insurance Recovers $19.5M for Consumers in 2023 * Lawsuit Accuses U. of Nebraska of Failing to Address Coach-Student Relationship * President Biden Visits East Palestine, Ohio to Assess Cleanup After Train Derailment * Insurtech Cake Completes $1.3M in Pre-Seed Funding * February Tornadoes in Wisconsin Caused $2.4M in Damage * Wisconsin Assembly Passes Amendment Limiting DEI Efforts NATIONAL NEWS * Biden Seeks to Bolster Port Cybersecurity With Executive Order * Aon-NFP Deal Clears Antitrust Hurdle * Lockbit Hackers’ Swagger on Display After Police Leak Identities Online * Autonomous Truck Market Surging, Study Finds * Supreme Court Leaves Intact Elite School’s Diversity Policy * FuboTV Files Antitrust Lawsuit to Block Disney, Fox, Warner Sports Streaming Deal * ‘AI Godfather’, Others Urge More Deepfake Regulation in Open Letter * People Moves: Lockton Names Goldenberg Executive Vice President, Operations; Elder Promoted to Global CUO, Specialty at AXA XL More National News EAST NEWS * Target, Hoverboard Maker Agree to $38.5M Settlement Over Fire That Killed 2 Girls * New York State’s Commission on Ethics Facing Judicial Test * Supreme Court Leaves Intact Elite School’s Diversity Policy * New Jersey School District Settles Sex Abuse Lawsuit Involving Teacher for $6 Million * King Insurance Acquires New Jersey’s Mehta Agency * Long-Serving Delaware Chancery Court Judge to Retire at Year’s End * Woman Drops Lawsuit Alleging Billionaire Financier Raped Her More East News MIDWEST NEWS * Michigan Department of Insurance Recovers $19.5M for Consumers in 2023 * Lawsuit Accuses U. of Nebraska of Failing to Address Coach-Student Relationship * President Biden Visits East Palestine, Ohio to Assess Cleanup After Train Derailment * Insurtech Cake Completes $1.3M in Pre-Seed Funding * February Tornadoes in Wisconsin Caused $2.4M in Damage * Wisconsin Assembly Passes Amendment Limiting DEI Efforts More Midwest News FLORIDA STARTUP MANATEE INSURANCE EXCHANGE GETS COA Florida regulators have approved another reciprocal property insurance company. TEXAS / SOUTH CENTRAL NEWS * Texas Jury Finds LSD did not Cause Spinal Injury, Requires Occidental to Pay HO Limits * TWIA Board Votes to Increase PML to $6.5B in 2024 * Resilience Acquires Texas-Based BreachQuest * Texas Car Dealership Settles Discrimination Lawsuit for $145K * Marsh McLennan Acquires 2 Louisiana Agencies * TWIA Committee Recommends $6.5B as PML for 2024 Storm Season More Texas / South Central News SOUTHEAST NEWS * Alfa Insurance Did Not Discriminate Against Worker with MS, Appeals Court Finds * Texas Jury Finds LSD did not Cause Spinal Injury, Requires Occidental to Pay HO Limits * NHC Unveils New Hurricane Forecast Maps for 2024, Showing More Inland Warnings * South Carolina Lawmakers Mulling Liquor Liability Fund to Ease Coverage Crisis * ‘Citizens 2.0’ is 86’d but Other Florida Insurance, Liability Bills Still Alive * New Concerns About NC State University Building Found to Have PCBs More Southeast News AVAILABILITY BEFORE AFFORDABILITY, CALIFORNIA REGULATOR SAYS Homeowners in the Golden State will likely be waiting until 2025 to start seeing rate relief. WEST NEWS * Inszone Insurance Services Acquires Frank Vitale Insurance Agency * Oil And Gas Producer Paying Millions to New Mexico Over Pollution Concerns * Inszone Acquires Entertainment Specialist Truman Van Dyke in California * California Hillsides Are at Risk of Floods After Days of Downpours * Dark Skies, Bad Weather Could Have Led to Fatal California Helicopter Crash That Killed 6 * New Storms Hit California as Wet Winter Brings More Flooding, Winds and Heavy Snowfall More West News INTERNATIONAL & REINSURANCE NEWS * P&I Clubs Raise Renewal Prices to Keep Up With Claims Inflation: AM Best * Aon-NFP Deal Clears Antitrust Hurdle * Lockbit Hackers’ Swagger on Display After Police Leak Identities Online * What Is Cybercriminal Group Lockbit? * Beazley Creates Cyber Risk Management Company * People Moves: Markel Names Costello as Head of Hull and War; IQUW Strengthens Property Team With 3 Senior Appointments More International & Reinsurance News INSURANCE JOURNAL BLOGS AND COLUMNS * Pharmacy Benefit Managers: What They Are and Why They Matter Feb 21 * Top 5 Insights from INTRConnect 2024 Feb 20 * How Technology is Combating Insurance Fraud Feb 19 * This Call May Be Recorded: Four Best Practices for Insurance Call Center Compliance Feb 14 * Insurance Fraud on the March Feb 12 * What Are Insurance Commission Clawbacks and How Can You Avoid Them? Feb 7 More Blogs SPONSORED NEWSWIRE * Empowering the Future: Investing in Risk Management Education More Sponsored Newswires -------------------------------------------------------------------------------- QUOTE OF NOTE If the court doesn't reconsider, then in California, it's hard to believe we'll be able to switch our model to full-time employment quickly. Uber Chief Executive Officer Dara Khosrowshahi More Quotes INSURANCE TOP GAINERS/LOSERS * Gainers * Losers Company Symbol Close 1 Day Chg Trupanion, Inc.TRUP$24.39+6.60%Hippo Holdings Inc.HIPO$10.96+3.20%Root, Inc.ROOT$9.07+1.80%Palomar Holdings, Inc.PLMR$75.37+1.67%Skyward Specialty Insurance Group, Inc.SKWD$34.67+1.55% Company Symbol Close 1 Day Chg Kingstone Companies, Inc.KINS$3.15-7.08%Goosehead Insurance, IncGSHD$88.10-4.02%Doma Holdings Inc.DOMA$4.09-3.99%American International Group, Inc.AIG$68.13-2.73%United Fire Group, Inc.UFCS$23.78-2.22% * As of February 20, 2024; Source: S&P Global Market Intelligence MARKET STAT $3.9 Billion The amount Zurich Insurance and Farmers Exchanges will pay to buy MetLife’s U.S. property and casualty business. MOST POPULAR * Now * This Week * 'Citizens 2.0' is 86'd but Other Florida Insurance, Liability Bills Still Alive * Uber Sues Drivers' Insurer Alleging Its Claims Practices Have Fueled Tort Litigation * Officials Say California Family Arraigned for Auto Insurance Fraud Filed 40-Plus Claims * Update: Truist Agrees to Sell Rest of Insurance Arm to Stone Point, CD&R * In SW Florida, High Home Insurance Rates Are Driving Away Would-Be Buyers More Top Stories * Allstate Reports $276M in January Cat Losses, Updates Rate Increases * Iceland Plans to Buy Out Homeowners in Volcano-Struck Town * Officials Say California Family Arraigned for Auto Insurance Fraud Filed 40-Plus Claims * Illinois Construction Contractor Fined $264K for Safety Violations * 'Citizens 2.0' is 86'd but Other Florida Insurance, Liability Bills Still Alive More Top Stories Find complete reinsurance coverage of, by and for reinsurance professionals and buyers. * Casualty Reinsurance Renewals See Modest Price Hikes Despite Social Inflation: AM Best * Geopolitical Risks: Why Underwriters Are Watching Aggregations * Reinsurance Market Likely to Begin Softening in 2025 as Capacity Rises in 2024: Fitch * Reinsurers' Casualty Appetites Varied, but Capacity Was 'Ample' During 1/1 Renewals * Federal Reinsurance for Cats: No Thanks, APCIA Says Visit Reinsurance Hub RANKINGS & AWARDS Explore our insurance industry ranking and award lists. * BEST AGENCIES TO WORK FOR * TOP 100 P/C AGENCIES * MVPS: TOP CSRS AND ACCOUNT MANAGERS * AGENTS OF THE YEAR Explore All Lists RESEARCH AND WHITEPAPERS READER POLL What agency roles are you hiring for today? Client Services (account managers/CSRs) Sales (producers/agents) Claims IT Administration Administrative support Other: VoteView Results What agency roles are you hiring for today? CURRENT ISSUE Read OnlineDownload PDFSubscribe FEATURED VIDEOS * What's To Come in 2024 with Insurance Journal's Andrea WellsWatch Now * EP. 79: The Art of Managing Cyber Risk for MuseumsListen Now EDITORS AND CONTRIBUTORS * Andrea Wells What’s to Come in 2024: Hard Market, AI Expansion, More Catastrophes, Network Consolidation * Lisa Howard Reinsurers’ Casualty Appetites Varied, but Capacity Was ‘Ample’ During 1/1 Renewals * Tony Caldwell 3 Areas for Agents to Focus Growth Efforts in 2024 As the Hard Market Continues * Andrea Wells Hard Market Prices Continue NEWS BY TOPIC CYBER BEAZLEY CREATES CYBER RISK MANAGEMENT COMPANY BIDEN SEEKS TO BOLSTER PORT CYBERSECURITY WITH EXECUTIVE ORDER LOCKBIT HACKERS’ SWAGGER ON DISPLAY AFTER POLICE LEAK IDENTITIES ONLINE More Cyber Articles TALENT HOW APPRENTICESHIP PROGRAMS MAY BE THE BEST SOLUTION TO TODAY’S TALENT CRISIS AGENCY COMPENSATION ROSE AGAIN IN 2023 BUT NOT EVERYONE IS PLEASED WHY INSURANCE PROFESSIONALS WILL CHANGE JOBS IN 2024 More Talent Articles BUSINESS INTERRUPTION NEW YORK’S HIGH COURT BACKS INSURER’S DENIAL OF COVID-19 BUSINESS INTERRUPTION CLAIM NEW JERSEY SUPREME COURT RULES AGAINST CASINO IN COVID BUSINESS INTERRUPTION CASE HIGHER REPAIR COSTS, SUPPLY LINE DELAYS DRIVE BUSINESS INTERRUPTION CLAIMS More Business Interruption Articles TRENDS NHC UNVEILS NEW HURRICANE FORECAST MAPS FOR 2024, SHOWING MORE INLAND WARNINGS P&I CLUBS RAISE RENEWAL PRICES TO KEEP UP WITH CLAIMS INFLATION: AM BEST REPORT: 2023 COMBINED RATIO FORECAST AT 103.9, COMMERCIAL LINES PERFORMED BEST More Trends Articles CONSTRUCTION WHAT DOES ADR MEAN FOR WORKERS’ COMPENSATION PROGRAMS ON CONSTRUCTION SITES? ILLINOIS CONSTRUCTION CONTRACTOR FINED $264K FOR SAFETY VIOLATIONS COMMERCIAL REAL ESTATE TROUBLE EVIDENT IN FADING DOWNTOWN CONSTRUCTION More Construction Articles INSURTECH ‘AI GODFATHER’, OTHERS URGE MORE DEEPFAKE REGULATION IN OPEN LETTER INSURTECH CAKE COMPLETES $1.3M IN PRE-SEED FUNDING IT’S TIME FOR THE COMMERCIAL PROPERTY INSURANCE INDUSTRY TO ADOPT TECH EFFICIENCIES More InsurTech Articles CARRIERS MARKETS/COVERAGES: CONNECTICUT OPENS DOOR TO REAL ESTATE INSURER HONEYCOMB UBER SUES DRIVERS’ INSURER ALLEGING ITS CLAIMS PRACTICES HAVE FUELED TORT LITIGATION MORE P/C CARRIERS WITH LESS SURPLUS: AON WARD ANALYSIS More Carriers Articles RISK MANAGEMENT BEAZLEY CREATES CYBER RISK MANAGEMENT COMPANY EMPOWERING THE FUTURE: INVESTING IN RISK MANAGEMENT EDUCATION CYBER RISK MANAGEMENT SPECIALIST KYND SECURES NEW FUNDING FOR GLOBAL GROWTH PLANS More Risk Management Articles COVID-19 NEW YORK’S HIGH COURT BACKS INSURER’S DENIAL OF COVID-19 BUSINESS INTERRUPTION CLAIM COVID LIABILITY IMMUNITY INCLUDES SLIPS AND FALLS AT HOSPITAL – ALABAMA HIGH COURT NEW JERSEY SUPREME COURT RULES AGAINST CASINO IN COVID BUSINESS INTERRUPTION CASE More COVID-19 Articles Explore All Topics INSURANCE JOBS * Personal Lines Account Manager – Insurance – REMOTE - Charleston, SC * Commercial Lines Underwriting Assistant – REMOTE - Mesa, AZ * P&C Reserving Proposition Leader - Philadelphia, PA * Commercial Lines Underwriter – REMOTE - Portland, OR * Commercial Lines Account Manager – Insurance – REMOTE - Denton, TX * NCCI: Wage Growth Likely to Continue Workers Comp Payroll Growth * Do Regulators, Insureds and Agents Understand How Reciprocal Carriers and Some New MGAs Work? * A Deep Dive into the Diligent Effort (Search) Requirement * A Woman's Place Is in the Construction Insurance Space * An Apprenticeship * Los Angeles Area on Alert for Flash Floods: Weather Watch * Sergey Brin Sued Over Deadly Crash of His Fiji-Bound Seaplane * West Texas Has More Fatal Crashes Than State Average, Report Finds * February Tornadoes in Wisconsin Caused $2.4M in Damage * Alfa Insurance Did Not Discriminate Against Worker with MS, Appeals Court Finds * February 22 Emerging E&O Risks for Agencies * February 29 Making Sense of It All: Reading Insurance Policies * March 7 Blockchain 101: How Smart Contract Impact The Insurance Professional * March 14 It's (Not) Just a Name Change and Other Issues. 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