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A well-known Republican from Georgia is accused of running a massive Ponzi scheme that cheated around 300 investors out of at least $140 million, according to a federal lawsuit filed last week. The case centers on First Liberty Building and Loan, a company controlled by Brant Frost IV, which allegedly misled people about its business … 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

T-Mobile US has announced it will end its diversity, equity, and inclusion (DEI) programs, following pressure from the Trump administration as the company seeks approval for two major deals. The wireless carrier confirmed in a letter to Federal Communications Commission (FCC) Chair Brendan Carr that it is not only cutting DEI initiatives in name but … Read more

A countertop manufacturing company in Georgia has been hit with a $33,000 fine for putting its workers at risk of inhaling dangerous silica dust. Brazilian Stone Design, based in Powder Springs, was penalized by the federal Occupational Safety and Health Administration (OSHA) after investigations showed the company failed to protect employees from the harmful dust … Read more

Oscar Rafael Ruiz, a 44-year-old man from Charlotte, North Carolina, found himself in serious trouble after filing nearly $300,000 in travel insurance claims—most of which turned out to be fake. Over the past two years, Ruiz made multiple claims about lost luggage and canceled flights, backed by forged documents like fake hotel bills, credit card … Read more

Commercial auto insurance is seeing a big change thanks to data, with telematics technology leading the way. Once something only large fleets used, telematics systems have become a crucial tool for many kinds of businesses. They help lower costs, reduce insurance claims, and support smarter decision-making. Telematics combines vehicle sensors, GPS tracking, and cameras to … 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