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Some War Insurers Advise Shipowners to Pause Hormuz Voyages After Attacks: Sources
Jul 8 2026 // Some war underwriters have advised shipping companies to pause voyages through the Strait of Hormuz while others are reviewing their policy terms after renewed vessel attacks threatened a return to war between Iran and the...
Sompo to Acquire Service Insurance Companies to Expand US Workers Comp
Jul 7 2026 // Sompo International Holdings Ltd. said it has a definitive agreement to acquire Service Insurance Companies, a monoline workers’ compensation insurance company. Terms of the transaction were not...
Allstate’s SquareTrade Europe Launches Licensed Insurer Headquartered in Brussels
Jul 6 2026 // SquareTrade Europe, an Allstate company, has launched a new licensed insurer, SquareTrade Europe Insurance, headquartered in Brussels. SquareTrade said the move will strengthen its ability to design, launch and scale...
Insurers Avoid €580 Million Hit From Nord Stream Pipeline Blasts
Jul 6 2026 // The insurers of the Nord Stream pipelines don’t have to pay €580 million ($662 million) after a judge ruled that the sabotage of the pipes bringing Russian gas into Europe was the consequence of the war in...
Agent-Carrier Relationships Improving, Survey Shows
Jul 6 2026 // Maybe it’s the result of a softer market. Or maybe deliberate carrier investments in agency relationships are paying off. First Connect Chief Executive Officer Aviad Pinkovezky tossed out the two possibilities to...
Alabama DOI Lifts 16-Month Moratorium on New Captive Insurers
Jul 6 2026 // Now that a new Alabama law has had time to take effect, the state Department of Insurance has lifted a 16-month moratorium on new captive insurance companies in the state. A captive manager and supporter of the new law...
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