Sophia Langley

Cargo theft is getting bigger and more organized, costing companies and insurers a lot more money. A recent report shows that losses from stolen cargo jumped nearly 60% last year, reaching about $725 million across the US and Canada. Interestingly, the number of theft incidents stayed about the same, around 3,594 cases, but the damage … Read more

Former students from two Catholic high schools in Metro Vancouver who suffered abuse at the hands of members of the Christian Brothers have reached a proposed $30 million settlement in their class-action lawsuit. The claim covers abuse that happened over several decades and involves Vancouver College, St. Thomas More Collegiate in Burnaby, and the Roman … Read more

A California-based advertising company is taking an insurer to court after it refused to defend the company in a trademark lawsuit. Ad.com Interactive Media, also known as AdMedia, claims Gemini Insurance Company wrongly denied coverage in a case filed late last year. The original lawsuit, brought by Shopnomix LLC and Pronomix.AI LLC, accused Ad.com of … Read more

Travelers has taken Old Republic to court, accusing the insurer of ignoring requests for coverage for more than two years. The lawsuit, filed on March 4, 2026, in New York’s Southern District Court, centers on who should pay for the defense costs in a legal claim linked to a commercial building in Midtown Manhattan. The … Read more

The recent escalation of conflict in the Middle East has brought shipping in the Strait of Hormuz to an almost complete halt, leaving the marine insurance industry working hard to keep coverage available amid rising risks. The trouble began on February 28 when the US and Israel launched strikes on Iran. Iran responded with missile … Read more

The aerospace insurance industry is starting 2026 with solid capacity and competitive pricing, but it’s also facing some serious challenges. A recent outlook from WTW highlights that while insurers have plenty of capital available, they are dealing with rising costs and a shaky global situation that is making things more difficult behind the scenes. Airlines … Read more

The US government is stepping in to help cover insurance for ships passing through the Strait of Hormuz, but experts warn this may not be enough to get commercial shipping moving again in the area. The strait is a crucial chokepoint, handling about one-fifth of the world’s oil and seaborne gas. However, ongoing conflict involving … Read more

Kingstone Companies has shared its best financial performance ever, showing remarkable growth and beating many larger insurers in the property and casualty industry. For the year ending December 31, 2025, the small Northeast insurer reported a net income of $40.8 million. That’s more than double the $18.4 million it made the year before. Earnings per … Read more

The insurance industry is backing a new bipartisan bill aimed at boosting federal weather research and improving forecasting tools. The move comes at a time when deep budget cuts have hit the National Oceanic and Atmospheric Administration (NOAA), raising concerns among insurers who rely heavily on accurate weather data. On March 4, the Senate Committee … Read more

On International Women’s Day, some of the top women in the insurance industry from around the world came together to talk about the real impact of changes in the sector on women. These leading figures shared their views on what’s working and what still needs improvement when it comes to structural changes in insurance. They … Read more