The National Collegiate Athletic Association and the five most prominent athletic conferences agreed to a $2.77 billion settlement of a class-action lawsuit on Thursday, ushering in a new era of college sports in which schools can pay athletes directly.
Author: Annie George
Declining Rates, Citizens Enrollment Signs of Improving Florida Market, OIR Says
At least 18 property insurers are reducing rates or keeping them flat this year, one sign pointing to an improving market, according to the Florida Office of Insurance Regulation.
How Deadly Derecho Could Impact Homeowners Insurance
Last week’s devastating storm in Houston is costing many homeowners big bucks in damages.
Maritime Losses Decline But Industry Faces Unprecedented Challenges, Allianz Report Warns
The global shipping industry has seen a significant reduction in the number of vessel losses, but faces increasing volatility from geopolitical events, climate change, and the trend towards larger vessels, according to marine insurer Allianz Commercial.
Homeowners Insurers’ Net Combined Ratio Surges Past 110%
The US homeowners insurance industry posted its worst underwriting results in over a decade in 2023 as its net combined ratio surpassed 110.0%.
Biden Overtime Pay Rule Challenged by U.S. Business Groups
A coalition of U.S. business groups has filed a lawsuit seeking to block a Biden administration rule that would extend mandatory overtime pay to 4 million workers, saying it goes too far.
Host of Florida Property Insurance Regulatory Changes Kicking In
Surplus lines carriers can start taking out secondary home policies from Citizens Property Insurance Corp. on July 1, under a bill signed by Florida Gov. Ron DeSantis.
DOJ Sues to Break Up Live Nation-Ticketmaster
The Justice Department and more than two dozen states sued Live Nation on Thursday, alleging the entertainment giant has a monopoly in ticketing and concert promotion and should be broken up.
Agent, Broker Organic Growth Slows in Q1 2024
The independent insurance agent and broker channel tallied an 8.4% organic growth rate for Q1 2024 — the lowest rate of growth in 11 straight quarters according to Reagan Consulting’s quarterly Growth & Profitability Survey (GPS).
Growing MGA Market Deserves More Oversight: AM Best
Global credit ratings agency AM Best is maintaining a positive outlook on the delegated underwriting authority enterprise (DUAE) market, citing sustained global growth and momentum, as well as the market’s ability to cater to underserved and emerging risks.