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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

A powerful band of thunderstorms threatening softball-sized hail, tornadoes and dangerous winds are menacing Dallas and the US South, grounding hundreds of flights and knocking out power to thousands. As of 3:45 p.m. local time, 278 flights were canceled at …

Often considered more a problem for Western North America, wildfires are becoming more intense, frequent and damaging in the East, such as this week’s blaze that destroyed dozens of homes in Georgia, fire scientists said. Researchers blame a number of …

Insurance Journal’s Risky Future series is hosting the “Commercial Auto, Telematics & Fleet Risks” Demo Day, a series of free AI tool demonstrations designed exclusively for commercial auto carriers, fleet underwriters, risk managers, brokers and more. This event features vendors …

Lockton revealed new details this week of its future global headquarters located in Leawood, Kansas. The insurance brokerage will be based in a twelve-story building that will serve as the centerpiece of a 34-acre project. Lockton first announced the headquarters …