Key Emerging Risks: Cascading Effects of Natural Disasters, Supply Chain Resilience June 12, 2024 By L.S. Howard Key emerging risks facing global economies, businesses and the re/insurance industry include the cascading effects of natural disasters, the weakening...
Full Repairs to Damaged Red Sea Internet Cables Delayed by Yemen Political Splits May 8, 2024 By Mohammed Hatem and Olivia Solon Full repairs to three submarine internet cables damaged in the Red Sea in February are being held up by disputes...
Red Sea Disruption to Shipping Could Cut Asia-Europe Capacity by 20%: Maersk May 6, 2024 By Stine Jacobsen Disruption to Red Sea container shipping is rising, Maersk said on Monday, forecasting this will cut the industry’s capacity between...
Broker Howden Launches Red Sea Cargo War Insurance as Ship Risks Surge April 17, 2024 By Jonathan Saul Howden has started offering war risk cargo insurance to cover vessels sailing through the Red Sea against drone and missile...
Taiwan Property Insurers Likely to Remain Profitable Despite Quake Losses: GlobalData April 5, 2024 The 7.2 magnitude earthquake that struck Taiwan’s east coast on April 3 caused substantial damage, particularly in Hualien with collapsed...
Panama Canal Drought Could Threaten Global Supply Chains, S&P Says April 4, 2024 By Marion Giraldo The severe drought which has forced the Panama Canal, one of the world’s busiest trade passages, to limit daily crossings...
Worst Taiwan Quake in 25 Years Kills at Least 9, With Hundreds Injured April 3, 2024 By Betty Hou, Chien-Hua Wan and Debby Wu Taiwan’s strongest earthquake in a quarter century leveled dozens of buildings on the eastern side of the island, killing at...
Rescue Crew Navigate Drones and Fire to Salvage Houthi-Hit Ship April 1, 2024 By Verity Ratcliffe A salvage crew climbing up a fire-ravaged ship lined with barbed wire. A French naval vessel fighting off combat drones....
Update: Baltimore Ship Accident Has East Coast Ports Scrambling to Absorb Cargo April 1, 2024 By Brendan Murray US East Coast ports are modifying their operations to absorb cargo diverted from Baltimore harbor, where salvage specialists are starting...
Yemen’s Houthis Tell China, Russia Their Ships Won’t Be Targeted March 22, 2024 By Sam Dagher and Mohammed Hatem The Yemen-based Houthis have told China and Russia their ships can sail through the Red Sea and Gulf of Aden...