Insurance
‘Deadliest Catch’ Crewman Todd Meadows Dies After Falling Overboard
A deckhand on the reality television show “Deadliest Catch,” which documents the lives of crab fishermen working in one of the world’s harshest environments, died after he was reported to have fallen overboard, the U.S. Coast Guard said. The Coast …
Read More India Seeks US Marine Cover for Middle East Energy Cargoes, Source Says
India is in talks with the United States to secure marine cover for vessels shipping oil from the Middle East, as New Delhi seeks to shield buyers from potential supply disruptions caused by the crisis in the Gulf, a government …
Read More Lloyd’s Market Engaging With US Government Over Gulf Maritime Plan, Officials Say
The Lloyd’s of London market is engaging with the U.S. government’s International Development Finance Corporation over a plan to provide political risk insurance and guarantees for maritime trade in the Gulf, Lloyd’s market officials said on Thursday. “Lloyd’s is engaging …
Read More Perishables to Plane Parts Stranded as Middle East Conflict Hits Air Cargo
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 …
Read More Oil Tanker Suffers Explosion in Northern Persian Gulf
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 …
Read More London Marine Insurers Still Offering Middle East Cover as War Risk Rates Rise: Broker
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 …
Read More Travelers Stranded by War Learn Insurance Won’t Cover Flight Cancellations
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 …
Read More Marsh Says US Tanker-Insurance Plan Could Take a Few Weeks
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 …
Read More AmFam Reports Underwriting Profit, Top-Line Decline for 2025
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 …
Read More Bayer’s $7.25B Roundup Settlement Gets Initial OK From Judge
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 …
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