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Iran War Fuels Piracy Surge Off Somalia Coast, EU Agency Says
The war in Iran is fueling a resurgence in maritime piracy off the coast of Somalia, according to a European Union naval force patrolling the region. There have been at least three confirmed hijackings in the past week alone, with …
POSTED APRIL 29, 2026 10:44 AM |
Viewpoint: Japan and Korea Insurers to Accelerate M&As in the US and Globally
Japan and Korea insurers have shown unprecedented demand for M&As and strategic investments overseas in the past few years, targeting opportunities in both developed and emerging markets. While insurers from these two Asian economies have nuanced appetites and different capital …
POSTED APRIL 29, 2026 10:21 AM |
Russia Shadow Fleet Undeterred by Starmer’s Threat as Ships Keep Crossing UK Waters
Prime Minister Keir Starmer’s decision last month to let the British military board ships of Russia’s so‑called “shadow fleet” has had no clear impact on the number passing through UK waters, a Reuters analysis shows. In the month after Starmer’s …
POSTED APRIL 29, 2026 9:23 AM |
Data Center Boom Strains Texas Homebuilders’ Need for Electricians
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 …
POSTED APRIL 29, 2026 7:00 AM |
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 |
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