Ã山ǿ¼é

After Billions in Insured Losses, 2024 Hurricane Season Ends

Total estimated losses from five landfall hurricanes could reach near $70 billion.

Allstate Sues Hyundai, Kia Over Claims From Defective Cars

The subrogation suit aims to get back costs paid for damages from car fires.

National News

• Zurich Completes $600M Buy of AIG’s Travel Insurance Business
• Apple Accused of Silencing Workers, Spying on Personal Devices
• Triple Threat Targets More Than 30,000 US Homes: CoreLogic
• Trump Team Has Ivy League in Sight as It Gears Up Attacks on DEI
• Flavored Vape Products Dispute Goes Before US Supreme Court
• Outlook for US Commercial Ã山ǿ¼é Segment ‘Stable’ as Profits Stay Strong: AM Best
• AM Best Revises Outlook for US Personal Lines Ã山ǿ¼é Segment to ‘Stable’

East News

• Best Agency to Work For – East Bronze Winner: USI Ã山ǿ¼é Sevices
• Hoboken Dealing With Ransomware Attack
• Prosecutors Say Retail Thieves Stole $2M in Products Then Resold Them
• Ex-TV Host Charlie Rose Resolves Sexual Harassment Lawsuit
• People Moves: Hatchette Named Deputy Ã山ǿ¼é Commissioner in Maryland
• New Jersey Using Buyouts and Barriers to Battle Flooding

Midwest News

• Best Agency to Work For – Midwest Bronze Winner: The Bulow Group
• Best Agency to Work For – Midwest Silver Winner: Ansay and Associates
• Rockford Mutual to Expand Commercial Lines Products in Michigan
• Energy Department to Loan $7.5B for Electric Vehicle Battery Plants in Indiana
• Wisconsin Man Charged With Crop Ã山ǿ¼é Fraud
• Tank Containing Oil Drilling Byproducts Explodes Near GM Plant in Michigan

Outlook for US Commercial Ã山ǿ¼é Segment ‘Stable’

Commercial insurers overall reported favorable underwriting results through Q3 2024, AM Best said.

Texas / South Central News

• Best Agency to Work For – South Central Bronze Winner: SMA
• Best Agency to Work For – South Central Silver Winner: G&G
• Texas Farmers Say Forever Chemicals in Fertilizer Poisoned Their Land
• ‘Drill, Baby, Drill’ Is Unlikely Under Trump, Exxon Says
• Louisiana Gov. Landry Raises Concerns Over $3B Coastal Restoration Project
• AM Best Upgrades Credit Rating of Texas Mutual

Southeast News

• Old Damage, New Claim: Davies Risk Head Notes Rise in ‘Soft Fraud’ in Southeast
• FEMA Drops Hammer on Fort Myers Beach After Improper Rebuilding in Flood Area
• Best Agency to Work For – Southeast Bronze Winner: Brightway Ã山ǿ¼é
• Aspiring Alabama Country Singer/Claims Adjuster Charged After Violating Bond at CMA
• Best Agency to Work For – Southeast Silver Winner: Energy Ã山ǿ¼é
• Carolina Woman Charged with Using Mom’s Name to Get Policy, Filing Bogus Claim
• Aon Names McCabe Carolinas Market Leader

Global Ã山ǿ¼é Rates ‘Plateauing;’ Nat Cat Losses Delay Softening

Global non-life premiums are expected to hit a growth level of 4.3% in 2024.

West News

• California Eyes $25 Million Legal Fight Against Trump Plans
• Best Agency to Work For – West Bronze Winner: Heritage Insurance Agency
• People Moves: Symphony Risk Names Tobin Director of Dedicated Cannabis Business, Symphony Grow
• New Mexico Man Gets $412M Medical Malpractice Payout for Botched Injections
• Washington Workers’ Comp Premium Going up in 2025
• Best Agency to Work For – West Silver Winner: CMR Risk & Ã山ǿ¼é Services

International & Reinsurance News

• Italy to Require Companies Buy Insurance for Climate Risks
• Rising Sick Days Are Costing Europe Billions Every Year
• UK Business Activity Set to Shrink in Wake of Budget, CBI Says
• People Moves: Ryan Specialty Underwriting Managers Int’l Names Birrell Exec Chair, Montgomery as CEO; Howden Re Taps Aon’s Kroely as MD for Continental Europe
• International Court Begins Hearings That May Shape Global Climate Litigation
• Private Equity Tie-Ups With Insurers Create Risks, BOE Says

Ã山ǿ¼é Journal Blogs and Columns

• Profits Versus Christmas Cheer—A Good-Business Lesson Dec 2
• Selectsys Max: The Future of Web-Based Ã山ǿ¼é Management for MGAs and Wholesalers Dec 2
• Expenses Needed To Start an Insurance Agency Nov 28
• 6 Variations on Producer Licensing for Travel Lines Nov 27
• 4 Things You Should Know about E&O Insurance for Insurance Agents Nov 21
• Key Benefits of Underwriter Link: Seamless Integration with Legacy Systems and Enhanced Client Satisfaction for Wholesalers, MGAs, and Brokers Nov 21

Sponsored Newswire

• Risk Theory Launches New High Value Homeowners Ã山ǿ¼é

Quote of Note

We've been wondering when the metaphorical dam's going to break, and the product liabilities are going to come out of the woodwork. I feel like we're starting to see the cracks in the foundation happening now, in respect of the product recalls.

Insuring Cannabis panelist Jodi Green, an attorney at Miller Nash LLP.

More Quotes

Ã山ǿ¼é Top Gainers/Losers

• Gainers
• Losers

Company	Symbol	Close	1 Day Chg
HCI Group, Inc.	HCI	$123.75	+1.54%
Donegal Group Inc.	DGIC.A	$16.78	+0.84%
United Fire Group, Inc.	UFCS	$30.84	+0.78%
Hagerty, Inc.	HGTY	$11.87	+0.76%
Tiptree Inc.	TIPT	$22.95	+0.70%

Company	Symbol	Close	1 Day Chg
ProAssurance Corporation	PRA	$16.24	-2.58%
Markel Group Inc.	MKL	$1,670.33	-2.11%
The Allstate Corporation	ALL	$196.60	-1.69%
American International Group, Inc.	AIG	$75.30	-1.32%
Marsh & McLennan Companies, Inc.	MMC	$220.73	-1.31%

* As of December 2, 2024; Source:

Market Stat

79%

Percent of customers who feel their agent is there when needed.