Maritime Insurance Premiums Surge as Iran Conflict Widens
As the conflict in the Gulf widens, maritime insurance premiums for war coverage are surging — in some cases by more than 1000% — dramatically driving up the cost of moving energy through a critical maritime corridor. The conflagration sparked …
Reinsurers Triple Ship Insurance Costs After US Torpedo Attack
London-based reinsurers of ships are canceling their coverage of war risk and demanding 200% more to reinstate policies, according to people familiar with the matter, after a US submarine sank an Iranian warship off Sri Lanka, amplifying risk perceptions. Rates …
New Mexico Jurors Heard From Zuckerberg in Meta Child Safety Trial
Jurors in a bellwether trial about the impacts of social media on children watched a deposition of Meta CEO Mark Zuckerberg on Wednesday that explored what the architects of Facebook and Instagram knew from internal research about the negative experiences …
Wyoming Project Gets First Construction Permit for Nuclear Reactor in Years
The U.S. Nuclear Regulatory Commission on Wednesday approved its first construction permit for a commercial nuclear reactor in eight years, one that will allow a Bill Gates-backed company to build a sodium-cooled reactor in western Wyoming. TerraPower filed for the …
Justin Sun Settles SEC Fraud Case for $10 Million
The Chinese cryptocurrency entrepreneur Justin Sun reached a $10 million settlement to resolve a U.S. Securities and Exchange Commission civil fraud case over his trading activity. Thursday’s settlement requires court approval, with the payment made by one of Sun’s companies. …
Ohio Bill Would Establish Online Auto Insurance Verification
Ohio lawmakers are considering legislation that would establish an online auto verification system intended to hold uninsured drivers accountable. House Representatives Cindy Abrams (R-Harrison) and Jack Daniels (R-New Franklin) are the lead sponsors behind House Bill 678, which requires the …
Michigan Pharmacist Pleads Guilty in $3M Health Care Fraud Scheme
A Michigan pharmacist and business owner who engaged in a five-year pharmacy shortage fraud scheme at two separate pharmacies pleaded guilty on February 24, announced United States Attorney Jerome F. Gorgon, Jr.. Mohammad Hamdan, age 44, from Dearborn Heights pleaded …
High-Tech Snowplows and AI Help Cities Recover From Storms, Cut Insurance Claims
Residents of Syracuse, New York — America’s snowiest city — once barraged a service hotline with street neglect complaints during blizzards, even if plows had passed two hours earlier but the work was hidden by fresh snow. Now public trust …
Amazon Says it Fixed Issue That Led to Website Outage for Thousands
Amazon said March 5 it has resolved an issue related to its software code that had caused an hours-long outage on its website for thousands of shoppers. The disruption, which began around 2:00 p.m. ET, gradually eased to less than …
GL, Workers’ Comp Only Commercial Lines With Monthly Renewal Rate Increase: Ivans
Month over month, premium renewal rates declined across all commercial lines of business except general liability and workers’ compensation, Ivans announced Thursday. The finding came from the technology provider’s February 2026 Ivans Index results. Ivans found the general liability renewal …
People Moves: Green Tree Risk Names Page; TDC Specialty Appoints Spina
Green Tree Risk Partners Names Page Director Green Tree Risk Partners, headquartered in Philadelphia, Pennsylvania, named Laura Page as director of Green Tree Risk Partners. Page has 20 years of insurance and leadership experience, previously serving as the vice president …
Richmond National Expands Glen Allen Office
Virginia-based specialty insurer Richmond National Group plans to invest $1.75 million to expand operations at the firm’s Glen Allen office. The company said it expects to be hiring as many as 75 new employees for the office. “Five years ago, …
Missile Fire Hinders Middle East Rescue Flights as Airspace Edges Open
Emirati airlines resumed some flights to global cities from the war-hit Gulf on Friday, but a Lufthansa jet that was headed to the region diverted over safety fears and an Air France repatriation flight was forced to turn back due …
More Tankers Come Under Attack as US-Iran Conflict Spreads in the Region
More tankers came under attack in Gulf waters on Thursday as the U.S.–Iran war escalated, and Iranian drones entered Azerbaijan, threatening to spread the crisis to more oil producers in the region. A Bahamas-flagged crude oil tanker was targeted by …
Strait of Hormuz Shipping Is at Near-Total Halt, JMIC Says
Maritime traffic in the Strait of Hormuz has ground to a near-complete halt, with no oil shipments going through in the past 24 hours, as the Middle East war disrupts the vital waterway. A review of shipping signals have confirmed …
EU Countries Give Final Approval to 2040 Climate Target for 90% Emissions Cut
European Union countries gave the final approval on Thursday to a new climate target to slash greenhouse gas emissions 90% by 2040, pressing ahead with the bloc’s ambitious climate agenda despite political resistance. The new climate target is a hard-fought …
Seafarers Can Refuse to Sail Through Mideast Gulf Region, Main Union Says
Seafarers have the right to refuse to sail on ships passing through the Middle East Gulf, including the Strait of Hormuz, after the threat level for the region was raised to its highest level, the leading labor union and shipping …
24 States File Lawsuit to Stop Trump’s Latest Global Tariffs
A group of 24 U.S. states sued President Donald Trump’s administration on Thursday in the first legal challenge to his newly imposed 10% global tariffs, alleging that the president cannot sidestep a recent U.S. Supreme Court ruling that invalidated most …
Tight Truck Capacity Opens Window for US Railroads to Win Back Freight
U.S. railroads including CSX Corp, Union Pacific and BNSF are moving to recapture freight from truckers as tightening trucking capacity and rising road-haul rates bolster rail’s competitive position. For years, low trucking rates and greater flexibility helped road carriers capture …
After Buyout, Universal North America Changes Name to One Alliance
A year after it was acquired by its CEO’s new holding company, Universal North America has added offices in Florida and changed its name. Universal Insurance Co. of North America, admitted in Florida with offices in Sarasota and in Orlando, …
Comunicados de prensa más recientes
Gran Caimán, Islas Caimán, 14 de junio de 2024. El 5 de junio de
Gran Caimán, Islas Caimán, 20 de octubre de 2023. El CCRIF SPC realizó dos pagos por un total de US$3,4 millones a los Gobiernos de Antigua y Barbuda y las Islas Vírgenes Británicas tras la tormenta tropical Philippe. Philippe tocó tierra en Antigua y Barbuda el 2 de octubre y pasó cerca de las Islas Vírgenes Británicas el 4 de octubre, provocando fuertes lluvias e inundaciones en ambos países. El CCRIF realizó pagos en las pólizas de seguro paramétrico para exceso de lluvia, como sigue:
19 de septiembre de 2023. Gran Caimán, Islas Caimán.
14 de septiembre de 2023. Gran Caimán, Islas Caimán. El CCRIF SPC se enorgullece en dar la bienvenida a Honduras como su cuarto miembro de Centroamérica. El Gobierno ha adquirido cobertura de seguro paramétrico para exceso de lluvia, efectiva a partir del 1 de junio de 2023. El director ejecutivo del CCRIF, el Sr.
Gran Caimán, Islas Caimán, 3 de julio de 2023. La Unión Europea (UE) sigue brindando apoyo al CCRIF SPC como medio para subsidiar las primas de las pólizas de seguro paramétrico de sus miembros del Caribe. Este año de póliza, que comenzó el 1o de junio 2023, la UE proporcionó US$4,7 millones al CCRIF para apoyar a los 12 miembros caribeños del CCRIF que son elegibles para ODA1 para subsidiar las primas para ciclones tropicales y exceso de lluvia.