Shipments ranging from fresh produce to airplane parts are in limbo as an escalating Middle East conflict reduces the world’s air cargo capacity by more than one-fifth and pushes up freight rates, with executives bracing for backlogs of goods. The …
Perishables to Plane Parts Stranded as Middle East Conflict Hits Air Cargo Read More »
An oil tanker suffered an explosion off the coast of Iraq, damaging a tank that is losing water, a representative for the ship said. The Sonangol Namibe was approached by a small boat near Khor Al Zubair in Iraq, according …
Oil Tanker Suffers Explosion in Northern Persian Gulf Read More »
Marine insurers in the London market continue to offer cover in the Middle East, despite rising war risk premiums driven by escalating conflict in the Gulf, insurance broker Gallagher’s Marine Divisional Director Angus Blayney said on Wednesday. Rates have increased …
London Marine Insurers Still Offering Middle East Cover as War Risk Rates Rise: Broker Read More »
As the war in Iran grounds flights worldwide, hundreds of thousands of travelers scrambling to get home are discovering a harsh reality: their travel insurance won’t cover replacement flights or extended hotel stays. Insurers, including industry giants Allianz SE and …
Travelers Stranded by War Learn Insurance Won’t Cover Flight Cancellations Read More »
Marsh, the world’s largest insurance broker, said a US plan to insure tankers navigating the Strait of Hormuz energy chokepoint could take a few weeks to arrange. President Donald Trump said on Tuesday the US International Development Finance Corporation would …
Marsh Says US Tanker-Insurance Plan Could Take a Few Weeks Read More »
American Family Insurance reported $2 billion more underwriting profit in 2025, compared with 2024—pointing to “deliberate customer-driven strategic actions and a lower level of catastrophe losses to explain the favorable result. The actions meant declines on the top line, the …
AmFam Reports Underwriting Profit, Top-Line Decline for 2025 Read More »
A state court judge in Missouri gave an initial green light on Wednesday to a proposed $7.25 billion settlement to resolve thousands of lawsuits claiming Bayer’s Roundup weedkiller causes cancer. Judge Timothy Boyer in St. Louis granted preliminary approval to …
Bayer’s $7.25B Roundup Settlement Gets Initial OK From Judge Read More »
While competition in personal auto insurance is rising to levels high enough to dent customer retention at GEICO, a giant mutual insurer and a reciprocal exchange have both tapped into a customer-friendly option unavailable to large stock insurers. State Farm …
How State Farm, USAA Boost Customer Retention: Historic Dividends Read More »
In the wake of recent weather events around the world, whether it’s the bomb cyclone that hit the US from the Gulf Coast to New England, or the combination of Storms Ingrid and Chandra battering the south coast of the …
Viewpoint: Business Interruption Insurance Must Catch Up With Climate Volatility Read More »
The U.S. financial services industry is on heightened alert for potential cyberattacks amid the unfolding U.S. war in Iran, with firms stepping up monitoring for threats that often rise during periods of geopolitical conflict, said executives and analysts. The killing …
Banks on High Alert for Cyberattacks as Iran War Escalates Read More »
