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New MGA Ascendri Aims For High-Value Homes in Catastrophe-Exposed Areas
Ascendri Insurance Services, a new managing general agency, has launched to address high-value risks in catastrophe-exposed markets. Starting in California, Ascendri will provide excess & surplus homeowners coverage for homes with insured values up to $10 million, targeting a segment …
POSTED APRIL 29, 2026 6:01 AM |
Fast-Moving storms Batter the Midwest With Hail, Heavy Rain
Fast-moving storms pummeled parts of the Midwest with hail, strong wind and heavy rain Monday, flooding streets, stranding commuters and downing many trees, including one in western Michigan that landed on a man and killed him. More than 56 million …
POSTED APRIL 29, 2026 6:00 AM |
AMA Says Research on Medical Liability Claims Shows ‘Broken’ System
New research studies from the American Medical Association (AMA) reveal many physicians face a significant risk of being sued during their careers. The ever-present risk of lawsuits—even when no error occurred—and high medical liability insurance premiums have contributed to a …
POSTED APRIL 29, 2026 5:26 AM |
Bill to Extend Federal Terrorism Backstop Introduced in Senate Committee
A bipartisan effort is underway in the Senate with the introduction of a bill to extended the federal terrorism risk insurance program for seven years. A federal backstop for terrorism risk was first initiated late in 2002 by the Terrorism …
POSTED APRIL 29, 2026 5:12 AM |
Purdue Pharma to Be Sentenced, Paving Way for Opioid Settlement
Purdue Pharma appeared in New Jersey federal court on Tuesday for sentencing on charges of deceiving government regulators and paying kickbacks to doctors to boost opioid sales. The sentencing will complete a plea deal that clears the way for the …
POSTED APRIL 29, 2026 5:09 AM |
LaGuardia Controller Staffing on Night of Collision May Have Violated Rules
Air traffic controller staffing at LaGuardia airport on the night an Air Canada jet collided with a fire truck may have violated the facility’s procedures by combining roles before midnight, according to a document seen by Reuters. The crash at …
POSTED APRIL 29, 2026 5:00 AM |
NJ Insurance Regulators Tell Lawmakers They Need Big Staff Increase
New Jersey’s insurance and banking regulators on Tuesday defended their push for a roughly 18% hike in their budget for the next fiscal year, a request that comes even as Gov. Mikie Sherrill has said she is seeking to close …
POSTED APRIL 29, 2026 5:00 AM |
People Moves: XPT Specialty Salt Lake City Makes Two Senior Hires
XPT Specialty hired Travis Hirschi as a producer and branch manager and Kristin Miller as an underwriter in its Salt Lake City, Utah, office. Hirschi and Miller will work with retail agents to support hard-to-place and non-standard commercial risks across …
POSTED APRIL 29, 2026 5:00 AM |
California Jet Fuel Woes Deepen as Asia Flows Hit Decade Low
Jet fuel exports from Asia to California are at the lowest point in at least a decade, adding another pressure point to a burgeoning air travel crunch on the West Coast stemming from the war on Iran. With two days …
POSTED APRIL 29, 2026 5:00 AM |
North Texas Tornadoes Leave 2 Dead and Destroy Multiple Homes
A tornado-producing thunderstorm left at least two people dead in northern Texas and displaced at least 20 families, with many homes sustaining major damage, authorities said Sunday. At least one person was killed and numerous homes were damaged Saturday night …
POSTED APRIL 28, 2026 10:16 PM |
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