It’s no longer just a hypothesis that more and larger natural disasters, along with general inflation and social inflation, are driving up insurers’ claims costs. While underwriters continue to dial in products for today’s emerging risks, claims costs continue to …
5 Ways to Reduce Operating Costs and Get More Control Over Your Insurance Loss Ratio Read More »
Maersk said on Wednesday the two-week ceasefire agreed between the U.S. and Iran could open some opportunities for vessels in the Strait of Hormuz, but did not yet provide enough security certainty to resume normal operations. “At this point, we …
Maersk Cautious on Strait of Hormuz Shipping Despite US-Iran Ceasefire Read More »
The United States and Iran have agreed to a two-week ceasefire, reaching a deal less than two hours before President Donald Trump’s deadline for Tehran to reopen the Strait of Hormuz or face the wiping out of “a whole civilization.” …
US, Iran Agree to Two-Week Ceasefire With Reopening of Strait of Hormuz Read More »
Shipowners are rushing to understand the fine print of a US-Iran ceasefire that could temporarily unblock the Strait of Hormuz, potentially opening an exit for more than 800 vessels trapped in the Persian Gulf. The vital waterway has been virtually …
Shipowners Eye Hormuz Truce With 800 Vessels Still Trapped Read More »
We live in risky times. War with Iran, the ongoing conflict between Russia and Ukraine, Mexican cartels—global tensions are at an all-time high. The Department of State is advising Americans worldwide to exercise increased caution. And yet, C-suite and other …
Traveling for Business? Don’t Forget to Pack Your Emergency Preparedness Plan Read More »
Skyrocketing fuel prices due to the Iran war are fanning the embers of transportation costs, which were already rising due to a shrinking pool of drivers in the US. Trucking operators saw diesel prices spike by almost 50% since the …
Truck Rates at Highest Since 2022 Add to Inflation Pressures Read More »
Consider the moment a major commercial building changes hands. Thousands of hours of engineering work, such as structural specifications, systems commissioning data, compliance documentation, and material certifications, are packaged and transferred to the new owner. Those files land on a …
Viewpoint: The Missing Link in Commercial? No Paper Trail is Costing Insurers Read More »
After almost a decade of litigation, investigations and deliberations, criminal fraud cases against reported billionaire and North Carolina insurance entrepreneur Greg Lindberg appear to finally be nearing an end. A sentencing hearing is expected in the next few months, followed …
Lindberg’s Baby: $1.6M in Proposed Restitution to His Former Insurance Companies Read More »
A Kimberly-Clark Corp. employee has been arrested on arson charges after a massive fire broke out Tuesday morning at a California distribution center that serves around 50 million people. The facility — located in Ontario, California, about 35 miles outside …
Toilet Paper Warehouse in California Destroyed by Fire; Employee Arrested Read More »
The Maine Bureau of Insurance reported that its employees’ work regulating insurance rates saved residents $5.8 million in potential increases for auto and homeowners coverage in 2025. The regulatory agency also said it recovered more than $4.5 million for Mainers …
How Maine Regulators Say They Saved Residents $5.8 Million on Insurance Read More »
