Industry News
War Insurance Available for Ships Crossing Hormuz, LMA Says
Insurance offers are being made for vessels seeking to transit the Strait of Hormuz, the Lloyd's Market Association said, a sign that it is safety risks and not cover that are the main impediment ...
Median Securities Class Action Settlement Hits 29-Year High
Despite fewer securities class action settlements, the median settlement amount reached its highest level in nearly three decades last year, according to Cornerstone Research. The median settlement ...
Flood Patterns Have Changed; Flood Insurance Needs to Keep Up
The National Flood Insurance Program (NFIP) is going broke. Increased flood strikes in more places, combined with outdated ways of predicting flood risk, are putting ...
New York Taxi Insurer Failed to Defend Uber in Crash Cases, Judge Says
A U.S. judge sided with Uber Technologies Inc. in its complaint that American Transit Insurance Co., the largest taxi insurer in New York City, failed to defend the ride-hailing company in crash ...
AmFam Reports Underwriting Profit, Top-Line Decline for 2025
American Family Insurance reported $2 billion more underwriting profit in 2025, compared with 2024—pointing to "deliberate customer-driven strategic actions and a lower level of catastrophe losses ...
Property, Auto Insurance Shopping Up as Consumers Feel Economic Pressures
Looking for deals, consumers are increasingly shopping year-round for home and auto insurance, bucking seasonal trends and insurer expectations. Elevated insurance shopping trends seen throughout ...
Trump’s Hormuz Assurances Are Only a Partial Fix, Shippers Say
President Donald Trump says the U.S. will ensure the free flow of energy through the Persian Gulf with insurance guarantees and even naval escorts. But the shipping industry sees it — at best — ...
Trump Orders Oil Tanker Insurance Support, Says Navy Could Escort Ships in Gulf
The U.S. Navy could begin escorting oil tankers through the Strait of Hormuz if necessary, President Donald Trump said on Tuesday, adding he had ordered the U.S. International ...
London Marine Insurers Widen High-Risk Zone in Mideast Gulf as Conflict Escalates
London's marine insurance market has widened the area in the Gulf it deems as high risk as the conflict in the Middle East escalates, according to an advisory issued on ...