Insurers face tougher times as Somali piracy drops

https://www.reuters.com/article/us-insurance-pirates-idUSBRE88K0IG20120921?utm_source=reddit.com
The drop in Somali pirate activity is weighing on the market for so-called marine kidnap and ransom insurance, which has grown for scratch to be worth about $250 million in little more than five years, according to informal industry estimates.