War Insurance Costs Spike for Ship Owners as Black Sea Threats Grow
War insurance costs for ships sailing to the Black Sea have spiked again, with insurers reviewing policies daily as the conflict in Ukraine spills into sea
War insurance costs for ships sailing to the Black Sea have spiked again, with insurers reviewing policies daily as the conflict in Ukraine spills into sea
Rates to ship commodities from energy to bulk ores across the world’s oceans are heading for a rare year-end surge as conflicts, sanctions, and swelling
Insurance rates for ships calling at ports in the Black Sea are surging after a series of Ukrainian attacks on vessels with links to
Two of the world’s most established mutual insurance providers serving the global shipping and logistics industries announced today they are exploring a
The ocean hull insurance market is returning to a “soft environment” despite increasing premiums, according to Ilias P. Tsakiris, Chair of the
U.S. and Israeli attacks on Iran and Tehran's reprisals have doubled the price of insuring shipments to the Middle East and the Gulf in the last week,
War risk insurance premiums for shipments to Israel are as much as three times higher than a week ago as the war between Israel and Iran entered its fifth day,
By Ed McNamara, CEO of Cleveland-based port insurance broker Armada Risk Partners — The 2025 Atlantic hurricane season is shaping up to pose increasingly
Denmark plans to set aside almost $1 billion to insure its merchant fleet in the event of a war or major crisis. The government proposed the new legislation
The insurance issued to dozens of aging oil tankers used by Russia to skirt international sanctions was bogus, according to Norwegian authorities now
Inside faceless office buildings scattered around London, a niche corner of the insurance market is keeping hundreds of billions of dollars in commodity trade
The International Union of Marine Insurance (IUMI) has released its 2024 “Stats Report,” providing a detailed analysis of the global marine insurance
By Gautam Naik (Bloomberg) After fearing the worst from Hurricane Milton, investors in catastrophe bonds appear to have sustained losses well below those
LONDON, Sept 19 (Reuters) – The cost of insuring a ship through the Red Sea has more than doubled since the start of September and some underwriters
By Jonathan Saul (Reuters) – A collision between two tankers off Singapore in July raises questions over insurance claims, as one of the vessels
By Jonathan Saul LONDON, July 23 (Reuters) – Paying claims for ships involved in accidents or collisions with other vessels covered by
By Captain Rahul Khanna The tragic collapse of Baltimore’s Francis Scott Key Bridge in the US after it was hit by the container ship Dali made headlines
By Sinead Cruise, Jonathan Saul and Carolyn Cohn LONDON, March 27 (Reuters) – Baltimore’s Francis Scott Key Bridge collapse
By Zachary R. Mider and Zeke Faux (Bloomberg) –A Republican congressman is asking the Treasury Department to explain its handling of a US insurance
(Bloomberg) — Last June, a rusting tanker named Sincere 02 picked up oil at an Iranian port and steamed across the Persian Gulf on its way to
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