Powerful Tropical Cyclone Zelia Hits Australia’s Iron Ore Hub February 14, 2025 By Renju Jose and Christine Chen Tropical Cyclone Zelia made landfall on Australia’s west coast on Friday, the weather bureau said, lashing the world’s largest iron...
China Hits Back With Targeted Tariffs After Trump Imposes New Levies February 4, 2025 By Trevor Hunnicutt and Kevin Huang China on Tuesday imposed tariffs on some U.S. imports in a swift response to new U.S. duties on Chinese goods,...
Swiss Re’s Business Unit CEOs Share Views on Key Risk Themes of 2025 December 20, 2024 Social inflation will continue to be a top concern for insurers and reinsurers in 2025 with US liability claims increasing...
Markets/Coverages: McGill, TMK and Convex Launch Trade Disruption Facility November 26, 2024 McGill and Partners, the London-based global specialty insurance and reinsurance broker, has launched a new trade disruption insurance facility in...
US Dockworkers Suspend Three-Day Strike After Contract Extension October 4, 2024 By Laura Curtis and Josh Wingrove US dockworkers agreed to end a three-day strike that had paralyzed trade on the US East and Gulf coasts and...
Biden Says Prolonged Port Strike Would Be ‘Man-Made Disaster’ October 3, 2024 By Laura Curtis and Josh Wingrove President Joe Biden ratcheted up pressure on US port employers and shipping lines to restart talks with striking dock workers,...
Tata iPhone Component Plant in India Halts Production Indefinitely After Fire September 30, 2024 By Praveen Paramasivam and Munsif Vengattil Production will remain suspended indefinitely at a Tata Electronics plant in southern India that makes Apple iPhone components after a...
Factories in Vietnam’s Export Hubs May Face Weeks of Disruption After Typhoon Yagi September 11, 2024 By Francesco Guarascio, Phuong Nguyen and Khanh Vu Typhoon Yagi caused severe damage to many factories and flooded warehouses in northern Vietnam’s export-oriented industrial hubs, with some shuttered...
Why the Canadian Freight Rail Halt Will Roil North American Supply Chains August 22, 2024 By David Ljunggren Canada’s two main freight rail companies locked out around 10,000 of their Canadian unionized workers early on Thursday, starting an...
Markets/Coverages: Marsh Launches $50 Million Port Blockage Insurance Facility August 20, 2024 Marsh, the insurance broker and Marsh McLennan subsidiary, announced the launch of a first of its kind $50 million port...