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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 Tuesday. Guidance from the Joint War Committee, which comprises syndicate …
POSTED MARCH 03, 2026 3:18 PM |
People Moves: TDCI, Hilb Announce New Roles, New Faces
The Tennessee Department of Commerce and Insurance announced personnel changes at the department this week. Michael Barber, with 20 years of experience in the insurance industry, was named director of the Consumer Insurance Services section. Barber joined TDCI in 2018 …
POSTED MARCH 03, 2026 2:52 PM |
‘Black Swan’ Risks Stalk Container Carriers in Avoiding Iran War
The Iran conflict has thrust container shipping from an industry bracing for a capacity glut to another potential “black swan” supply crunch. That paradigm shift dawned on the more than 3,500 importers, freight forwarders and ocean carriers gathered this week …
POSTED MARCH 03, 2026 2:49 PM |
Judge Rejects Shell’s Bid to Overturn Arbitration Award With Venture Global
A New York state judge on Monday rejected British oil major Shell’s request to throw out an arbitration award that favored Venture Global in a dispute over the American company’s alleged improper sale of liquefied natural gas. Justice Joel Cohen …
POSTED MARCH 03, 2026 2:36 PM |
Laken Riley’s Father Files Suit, Accuses Georgia University System of Negligence
The father of Laken Riley, who was killed on the campus of the University of Georgia by a Venezuelan man who lived nearby, is accusing the state university system of negligence that he says led to his daughter’s death. Jason …
POSTED MARCH 03, 2026 2:06 PM |
Tariff-Refund Seekers Flock to Little-Known US Trade Court
Importers seeking their share of more than $130 billion in tariff refunds are flocking to a little-known U.S. trade court, which must now figure out how to deal with what is expected to be an explosion of cases. Multinationals such …
POSTED MARCH 03, 2026 1:35 PM |
Meta Loses Insurance for Defense in Major Social Media Addiction Litigation
A Delaware judge has ruled insurers do not have a duty to defend Meta Platforms in the thousands of lawsuits that allege its Facebook and Instagram platforms harm children. Superior Court Judge Sheldon K. Rennie ruled Meta’s insurance companies are …
POSTED MARCH 03, 2026 11:47 AM |
MNRB Gets Approval to Start Talks on Sale of Islamic Insurer Takaful Ikhlas: Sources
Malaysia’s central bank has approved the start of talks for MNRB Holdings Bhd. to sell its Islamic insurance unit Takaful Ikhlas, according to people with knowledge of the matter. Kuala Lumpur-listed MNRB can open negotiations with Bank Kerjasama Rakyat Malaysia …
POSTED MARCH 03, 2026 11:29 AM |
Insurance Gaps Leave Airlines Exposed as Iran Conflict Widens
As the U.S.-Israeli air war against Iran widened on Monday with no end in sight, focus shifted to the impact on airlines. Operations have been disrupted for a third day and revenue losses are not covered by insurers, analysts and …
POSTED MARCH 03, 2026 10:58 AM |
Iran Conflict Disrupts Global Shipping as Tankers Are Stranded, Damaged
Insurance companies are canceling war risk coverage for vessels in the Middle East Gulf as the widening Iran conflict disrupts shipping, leaving tankers damaged or stranded and at least two people dead. Shipping through the Strait of Hormuz between Iran …
POSTED MARCH 03, 2026 10:30 AM |
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