insurance


Monday, January 12, 2026
General cargo ship on the horizon at sunset
News

Email Scam Diverts $200,000 Crew Settlement From Maritime P&I Agent

A local AP&I correspondent has been hit by a highly sophisticated email-interception scam that diverted $200,000 meant for a crew-death settlement,

January 12, 2026
Total Views: 2772

Thursday, December 4, 2025
Crude oil tanker Advantage Angel transits Istanbul's Bosphorus
Shipping

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

December 4, 2025
Total Views: 274

Ship Rates Spiking 467% Marks Upended Trade Across Commodities
Incidents

Ship Rates Spiking 467% Marks Upended Trade Across Commodities

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

December 4, 2025
Total Views: 810

Wednesday, December 3, 2025
The Kairos tanker after suffering a fire off Turkish coast in the Black Sea
Shipping

Black Sea War Insurance Soars 250% After Ukraine Ship Attacks

Insurance rates for ships calling at ports in the Black Sea are surging after a series of Ukrainian attacks on vessels with links to

December 3, 2025
Total Views: 1018

Tuesday, November 25, 2025
ship at anchor close-up
News

Major Maritime Mutuals Weigh Merger That Could Reshape Shipping’s Insurance Industry

Two of the world’s most established mutual insurance providers serving the global shipping and logistics industries announced today they are exploring a

November 25, 2025
Total Views: 1235

Tuesday, September 9, 2025
Oil tankers wait at anchorage in the Black Sea off Kilyos near Istanbul, Turkey
Shipping

Aging Fleet and Geopolitical Tensions Drive ‘Soft’ Marine Insurance Market Despite Rising Premiums

The ocean hull insurance market is returning to a “soft environment” despite increasing premiums, according to Ilias P. Tsakiris, Chair of the

September 9, 2025
Total Views: 595

Monday, June 23, 2025
Countless cargo ships in the strait of hormuz
Shipping

Middle East Conflict Drives Spike in War Risk Insurance Costs

 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,

June 23, 2025
Total Views: 942

Tuesday, June 17, 2025
Smoke rises at an impacted facility site following missile attack from Iran on Israel, at Haifa
Shipping

War Risk Premiums for Israel Surge as Conflict With Iran Escalates

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,

June 17, 2025
Total Views: 1372

Tuesday, May 27, 2025
Image of Hurricane Milton from NOAA's GOES-16 satellite
Environment

Navigating the Looming Hurricane Threat: Ensuring Robust Marine Insurance for Ports and Shipping

By Ed McNamara, CEO of Cleveland-based port insurance broker Armada Risk Partners — The 2025 Atlantic hurricane season is shaping up to pose increasingly

May 27, 2025
Total Views: 567

Thursday, May 1, 2025
denmark-navy-RDN_F357_Thetis
Defense

Denmark Plans $1 Billion War Insurance for Merchant Shipping

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

May 1, 2025
Total Views: 1197

Wednesday, April 2, 2025
Tanker EVENTIN adrift in the Baltic Sea
News

Firm Issued Fake Insurance for Russian Oil Tankers, Norway’s FSA Says

The insurance issued to dozens of aging oil tankers used by Russia to skirt international sanctions was bogus, according to Norwegian authorities now

April 2, 2025
Total Views: 2824

Monday, January 6, 2025
Screenshot of video released by the Iranian-backed Houthis showing the attack on the MT CHIOS LION in the Red Sea, July 15, 2024.
Shipping

The Wartime Risk Insurers Making Fortunes Keeping Trade Moving

Inside faceless office buildings scattered around London, a niche corner of the insurance market is keeping hundreds of billions of dollars in commodity trade

January 6, 2025
Total Views: 3143

Tuesday, October 22, 2024
Smoke rises as a fire broke out on the cargo ship Fremantle Highway, at sea on July 26, 2023. Coastguard Netherlands Photo
Accidents

Global Marine Insurance Premiums Hit Record $38.9B as Fires and Geopolitics Loom Large

The International Union of Marine Insurance (IUMI) has released its 2024 “Stats Report,” providing a detailed analysis of the global marine insurance

October 22, 2024
Total Views: 914

Thursday, October 10, 2024
Masive hurricane wave breaks on shore with a lighthouse in the background
News

Insurance Companies Dodge Bullet With Milton

By Gautam Naik (Bloomberg) After fearing the worst from Hurricane Milton, investors in catastrophe bonds appear to have sustained losses well below those

October 10, 2024
Total Views: 781

Thursday, September 19, 2024
MT SOUNION pictured September 2, 2024, in the Red Sea. EUNAVFOR Photo
Shipping

The Rising Costs of Insuring Ships in the Red Sea

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

September 19, 2024
Total Views: 748

Friday, August 2, 2024
A handout image shows the RSS Supreme's rigid-hulled inflatable boat in the vicinity of the burning vessels following a fire on two oil tankers about 55 km (34 miles) northeast of the Singaporean island of Pedra Branca, July 19, 2024. Republic of Singapore Navy/Handout via REUTERS
Accidents

Iranian Oil Ties May Complicate Singapore Tanker Collision Insurance Claims

By Jonathan Saul (Reuters) – A collision between two tankers off Singapore in July raises questions over insurance claims, as one of the vessels

August 2, 2024
Total Views: 2174

Tuesday, July 23, 2024
The Kozmino oil port in eastern Russia
Shipping

UK Ship Insurer Sees Problems Paying Claims Involving Sanctioned Russian Provider

By Jonathan Saul LONDON, July 23 (Reuters) – Paying claims for ships involved in accidents or collisions with other vessels covered by

July 23, 2024
Total Views: 1482

Wednesday, June 26, 2024
A U.S. Coast Guard patrol vessel travels along the Patapsco River, following the collapse of the Francis Scott Key Bridge in Baltimore, Maryland, U.S., March 28, 2024. REUTERS/Tom Brenner
Shipping

Bigger Ships, Bigger Risks: Navigating the Challenges of Modern Maritime Safety

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

June 26, 2024
Total Views: 2409

Wednesday, March 27, 2024
Stern view of containership Dali entangled in the baltimore bridge
Incidents

Insurers Face Billions in Losses from Baltimore Bridge Claims

By Sinead Cruise, Jonathan Saul and Carolyn Cohn LONDON, March 27 (Reuters) – Baltimore’s Francis Scott Key Bridge collapse

March 27, 2024
Total Views: 38285

Saturday, March 16, 2024
Oil supertanker Grace 1 seen in waters of British overseas territory of Gibraltar
Shipping

Treasury Is Asked Why US Firm Insures Ships Carrying Iran Oil

By Zachary R. Mider and Zeke Faux (Bloomberg) –A Republican congressman is asking the Treasury Department to explain its handling of a US insurance

March 16, 2024
Total Views: 3315