Insurance Journal delivers the latest business news for the Property/Casualty insurance industry
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US Sues to Break Up Live Nation-Ticketmaster

The U.S. Justice Department and a group of 30 states and the District of Columbia Thursday sued to break up Live Nation, arguing the big concert promoter and its Ticketmaster unit illegally inflated concert ticket prices and hurt artists. “It …

Thu May 23, 2024 18:27
Posh Florida Care Facility to Borrow $260 Million for Expansion

The largest single-site, not-for-profit retirement community in the US is selling municipal bonds to finance an expansion, less than two years after Hurricane Ian caused as much as $85 million of damages. Fort Myers, Florida-based Shell Point Retirement Community plans …

Thu May 23, 2024 18:27
Biden Overtime Pay Rule Challenged by US 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. The groups filed a complaint in U.S. District …

Thu May 23, 2024 18:27
US Home Insurers Post Net Combined Ratio Over 110: S&P

The U.S. homeowners insurance segment posted its worst underwriting results in over a decade in 2023, according to an analysis by S&P Global Market Intelligence. The net combined ratio for the homeowners business, excluding policyholders’ dividends, was 110.5 in 2023, …

Thu May 23, 2024 17:26
New York’s High Court Upholds Insurance Mandate for Medically Necessary Abortions

New York can continue to require companies with health insurance plans to cover medically necessary abortions, the state’s highest court ruled Tuesday. The Roman Catholic Diocese of Albany and other church groups challenged the rule, arguing that the policy’s exemption …

Thu May 23, 2024 17:26
SEC Fines NYSE Parent Intercontinental Exchange $10M Over Cyber Incident

The company that runs global financial exchanges and clearing houses has agreed to a $10 million fine to settle charges it delayed notifications of a cyber intrusion about 3 years ago. The U.S. Securities and Exchange Commission (SEC) on May …

Thu May 23, 2024 17:26

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