A liquefied natural gas tanker bringing fuel from the US to Europe suffered a systems failure that the crew reported as a suspected cyber attack, according to people familiar with the matter. In the latest of a number of potential cybersecurity incidents on tankers, the Vivit Africa LNG was sailing east in the Mediterranean and …
Facultative reinsurance is helping insurers pursue growth opportunities in a rapidly softening market, survey finds Source link
Equal Parts has acquired ProSource Insurance Agency, a Plano, Texas-based brokerage specializing in transportation insurance. Completed during the first quarter of 2026, the acquisition strengthens Equal Parts’ transportation insurance capabilities and expands its presence in one of the nation’s largest freight markets. Founded in 2003 by President Paul Nhem, ProSource serves trucking companies, owner-operators, commercial …
There is demand for greater coverage limits but sophisticated corporate buyers want to be more selective about the cover they… Source link
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Triangle Insurance Company based in Enid, Oklahoma. The Credit Ratings (ratings) reflect TIC’s balance sheet strength, which AM Best assesses as very strong, as well as …
Technology is playing a greater role in how high value assets are managed and protected, according to global head, Tobias… Source link
The Atlantic has been pretty quiet so far this season, but one system east of Bermuda could soon develop into a tropical storm, the National Hurricane Center said Thursday. If the storm were to develop into a Category 5 hurricane that strikes heavily populated cities like Miami or Tampa Bay, the insured losses could top …
Hannover Re shares climb 4.1% and Swiss Re gains 3.7% as insurance and reinsurance stocks outperform Source link
The catastrophic mountain flooding in Nepal that killed more than 1,300 people was driven by a complex web of climate and seismic processes that made it nearly impossible to predict, according to an international team of scientists. Rising global temperatures thawed permafrost and thinned glaciers along the Langtang Lirung peak in the Nepalese Himalayas, which, …
Think tank says insurers hold the risk data needed to identify high-impact resilience projects Source link
Lely North America, Inc., an international agricultural technology company headquartered in Pella, Iowa, agreed to resolve a discrimination charge filed with the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced. The EEOC’s charge investigation found that Lely violated Title VII of the Civil Rights Act of 1964 when it failed to provide a …
Arguably the most visible regional intervention in the marine insurance market has come from India Source link