Trump Orders Oil Tanker Insurance Support, Says Navy Could Escort Ships in Gulf March 4, 2026 By Jarrett Renshaw and Timothy Gardner The U.S. Navy could begin escorting oil tankers through the Strait of Hormuz if necessary, President Donald Trump said on...
Iran Conflict Disrupts Global Shipping as Tankers Are Stranded, Damaged March 3, 2026 By Jonathan Saul, Emily Chow and Jeslyn Lerh Insurance companies are canceling war risk coverage for vessels in the Middle East Gulf as the widening Iran conflict disrupts...
Waiting for Hormuz, More Oil Tankers Gather in the Persian Gulf March 2, 2026 By Weilun Soon Dozens of laden oil tankers are hunkering down inside the Persian Gulf after attacks near the Strait of Hormuz have...
Marine Insurers Cancel War Risk Cover as Iran Conflict Escalates March 2, 2026 By Emily Chow and Jeslyn Lerh Marine insurers are canceling war risk coverage for vessels and oil shipping rates are set to surge further after the...
Global Shipping Insurance May Shift if Sanctions End, BIMCO Says March 25, 2025 By Weilun Soon The global shipping industry should be open to working with a new group of insurers that emerged to support Russia’s...
Lloyd’s Insurers Don’t Expect Large Claims From Baltimore Bridge Collapse May 2, 2024 Lloyd’s of London insurers Hiscox and Lancashire do not expect large insurance claims from the collapse of Baltimore’s Francis Scott...
Insurance Industry Readies for Historic Losses From Baltimore Bridge Tragedy March 29, 2024 By Andrew G. Simpson It’s very early in the recovery process and already the numbers are large. Insured losses for the tragic collapse of...
Russia Still Uses Western Insurance for Half of Tanker Fleet That Exports Its Oil March 30, 2023 By Bloomberg News Russia still relies on Western insurers to cover more than half of the tanker fleet that exports its oil, according...
London Market Insurers Publish Guidelines for Marine Casualty Claims March 17, 2023 New guidelines have been agreed by marine insurers in the London Market to help improve collaboration in the handling of...
Ship Insurers’ Exodus From Russia-Ukraine Risks Gathers Momentum December 29, 2022 By Alex Longley and Alaric Nightingale A host of shipping insurers altered their policies for 2023 to exclude claims linked to Russia’s war in Ukraine, a...