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 the New York airport at about 11:37 p.m. ET on March 22, which killed both pilots, has revived concerns over U.S. air traffic control staffing shortages and the workload of controllers across the country. Staffing shortages, including at the supervisor level, are placing controllers into combined roles handling local air and ground traffic more often, according to several air traffic…
Author: Awais
Abilene builder Gene Lantrip is on the front lines of Texas’ population boom, but a new force is making it harder to finish construction on homes. Data centers are poaching the electricians he needs to install light switches and wiring that power his duplexes. The state has added more than 2.6 million residents since 2020, bringing in a steady surge of workers and families who need homes. But Texas doesn’t have enough electricians to meet the demands of two competing priorities: building the housing to meet the needs of a growing state and becoming a global leader in AI. The…
Markel agreed in August 2025 to sell the renewal rights of its $1.2 billion global reinsurance book to Nationwide, putting the division into runoff. From January this year, classic-car specialist Hagerty also shifted to a fronting arrangement under which Hagerty Re takes 100% of the underwriting and investment economics, paying Markel a 2% fronting fee, the firms said when the deal was unveiled.
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 people in the Midwest and parts of the South were at risk of severe storms, with tornado warnings posted in southeastern Missouri, southern Illinois and northern Arkansas, the National Weather Service said. A thunderstorm that whipped through Kent County, Michigan, with powerful winds caused a tree to fall and kill a 39-year-old man who had been outside with friends, the…
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 where it says coverage has become increasingly limited. The new MGA has plans to expand to additional states in 2027. Ascendri, combining human underwriting with technology, underwrites solely on behalf of rated carriers and distributes products through licensed agents and wholesalers, including Acrisure and Wholesure. Acrisure enabled the launch. It and Vave, which Acrisure recently acquired, have underwriting authority. Denese…
IntroductionWhy Measure Health Disparities?Disparities in health and health care between racial and ethnic groups do not exist in the abstract. In every U.S. state, differences in access to care, quality of care, or outcomes of care affect people’s health and well-being: whether they can afford to see a doctor or fill a prescription; whether a preventable or treatable condition like hypertension or diabetes is diagnosed and treated early; whether an illness undermines a family’s financial stability; or whether people trust the health care system enough to seek care when they need it.By measuring and reporting on health disparities, we help…
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 company to dissolve in bankruptcy and use its assets to fund a $7.4 billion settlement intended to compensate people harmed by the opioid epidemic. U.S. District Judge Madeline Cox Arleo in Newark, New Jersey, said she was inclined to accept the plea deal but first wanted to hear from victims of the opioid crisis. Several victims sent letters to the…
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 prolonged period of heavy financial burden on doctors, fueling escalating expenses throughout the health care system. “Physicians know the practice of medicine carries risk, and even highly skilled doctors face lawsuits,” said AMA President Bobby Mukkamala, MD. “But a claim does not mean a mistake was made. Most cases never find fault with the physician, and the majority are dropped…
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 Risk Insurance Act (TRIA) to respond to insurers’ exclusions of terrorism risks from commercial property/casualty insurance policies following losses from 9/11. The change put construction projects on hold since financers required the insurance. This latest reauthorization bill extends the terrorism insurance program for seven years. TRIA has been reauthorized several times, the latest at the end of 2019. It is…
Malloy is a veteran insurance and reinsurance executive with around 40 years of industry experience. Most recently, he served as CEO of United Risk, an MGA platform. Prior to that, he was CEO of SiriusPoint, and before that CEO of Third Point Re. During his time at SiriusPoint, he was instrumental in establishing the partnership between SiriusPoint and Banyan.
Here are the ten most popular news articles, week ending April 26th 2026, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates or get our email alerts for every article we publish. Ten most read articles on Artemis.bm, week ending April 26th 2026: Supply-demand softening property at a pace “I’ll only describe as dumb” – Chubb CEO GreenbergEvan Greenberg called out supply-demand factors related to capital in the insurance and reinsurance industry, as well as high levels of intermediation cost, as softening the…
Berkley Regional Insurance Company, which insured Zappa’s employer, Schnoeckers, Inc. (doing business as BI Worldwide), covered the loss and then did what insurers do – it went after the responsible party. Through subrogation, Berkley stepped into its insured’s shoes and sued Amazon, Yishda, and the unknown manufacturer in Minnesota state court. After Amazon moved the case to federal court, Berkley dropped the other defendants and zeroed in on Amazon alone.
Here is where the insurance fight begins. All Island’s commercial general liability policy with Peerless carries two additional insured endorsements, both tied to the same trigger – coverage applies for bodily injury “caused, in whole or in part, by” the named insured’s acts or omissions, or by those acting on its behalf, during ongoing operations. One of the endorsements also includes a primary and non-contributory provision when required by written contract. Travelers points to an August 7, 2013 subcontract that, it says, required All Island to name HSD and the owners as additional insureds on exactly that basis.
Our latest video features another panel discussion from Artemis ILS NYC 2026, a session focused on the expanding range of investment opportunities in the ILS asset class, from our tenth catastrophe bond and insurance-linked securities (ILS) conference in the ILS NYC series, held on February 6th 2026 in New York.With more than 450 attendees, ILS NYC 2026 was our largest conference yet, as most of of key players in the insurance-linked securities market were represented, alongside protection buyers, the largest ever contingent of end-investors at one of our events, asset managers and investors seeking education and contacts as they consider…