Sophia Langley

On Monday, a Dutch cargo ship called the Minervagracht was hit by a missile while sailing through the Gulf of Aden. The attack set the ship on fire and injured two crew members. Nineteen seafarers had to leave the vessel shortly after the strike. The company that operates the ship, based in Amsterdam, confirmed the … Read more

WestJet Airlines revealed on Monday that some of its customers’ personal information was stolen during a cyberattack in June. The Canadian airline said the breach did not include sensitive financial details like credit card numbers, CVV codes, or passwords. The company reported that a skilled criminal group accessed its systems on June 13, exposing passenger … Read more

Insurers are facing new challenges as data centers become a growing source of risk. A recent report by Economist Impact and FM highlights how the rising demand for digital infrastructure, especially driven by artificial intelligence, is causing insurers to rethink how they handle coverage for these vital facilities. Data centers power much of the online … Read more

South Korea’s DB Insurance is making a big move into the U.S. market by agreeing to buy Fortegra, a specialty and warranty insurance company based in Florida. The deal is worth $1.6 billion and is the largest overseas purchase DB Insurance has made so far. It values Fortegra at about 0.83 times its revenue. Earlier … Read more

Selective Insurance has taken legal action in federal court to avoid paying for a wave of silica exposure lawsuits aimed at EOS Surfaces. The insurer filed a complaint on September 24 in the U.S. District Court for the Eastern District of Virginia. They want a judge to say they don’t have to defend or cover … Read more

The world of cyber insurance in 2025 is seeing some interesting changes. Big companies have gotten better at protecting themselves from cyber attacks, which has made some cyber losses less severe. According to Allianz Commercial’s recent report, stronger security and faster responses are helping reduce the damage caused by cyber incidents. Still, businesses can’t let … Read more

The US pension risk transfer (PRT) market took a significant hit in the second quarter of 2025, with new premiums plunging 64% to just $4.1 billion, according to LIMRA’s latest Group Annuity Risk Transfer Sales Survey. This sharp decline is part of a broader slowdown that has seen a 56% drop in total PRT sales … Read more

California Governor Gavin Newsom is reviewing a new bill that could make the state the first in the country to have a publicly accessible wildfire catastrophe model. Known as Senate Bill 429, the proposal aims to improve how wildfire risks are assessed and how insurance is regulated in California. Currently, insurance companies with significant business … Read more

Insurance is facing a lot of change these days, and professionals in the field are being asked to do more than just sell policies. They need to help businesses plan for the future, handle risks, and find ways to grow. One expert leading the way in this shift is Ben Wright, the principal US economist … Read more

Driverless trucks are now a reality, running on long-haul routes and changing how insurers think about risk in commercial transportation. Patrick Thomas, managing partner for the Southwest Region at Acrisure, says this shift brings new challenges and questions for the insurance industry. One big concern is the quality and upkeep of the trucks themselves. While … Read more