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Insurance Business

National insurance news for USA insurance professionals. Read American insurance news, analysis, and interviews with leaders in the US insurance industry.

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News

Insurance Business
insurancebusinessmag.com > us > news > breaking-news > saudi-arabias-forced-closure-of-major-pipeline-puts-marine-war-risk-back-in-the-spotlight-589538.aspx

Saudi Arabia’s forced closure of major pipeline puts marine war risk back in the spotlight

1+ day, 19+ hour ago   (251+ words) Saudi Arabia has shut down the pipeline that has kept its oil flowing since the Strait of Hormuz effectively closed earlier this year. For the marine and energy insurance markets, that's the story, not the oil price. To most readers,…...

Insurance Business
insurancebusinessmag.com > uk > news > marine > drought-is-now-a-pricing-reality-for-inland-waterway-freight-not-an-exceptional-event-589258.aspx

Drought is now a pricing reality for inland waterway freight, not an exceptional event

2+ day, 23+ hour ago   (502+ words) The Rhine carries around 70% of Europe's inland waterway freight, moving diesel, heating oil, coal, grains and cocoa for companies including Thyssenkrupp, BASF and Lanxess. German chemical group Covestro has warned it may be unable to meet certain delivery obligations, given…...

Insurance Business
insurancebusinessmag.com > uk > news > marine > drought-now-a-business-continuity-risk-for-inland-waterway-freight--tt-club-589258.aspx

Drought now a business continuity risk for inland waterway freight - TT Club

3+ day, 5+ hour ago   (679+ words) Insurance Business Drought now a business continuity risk for inland waterway freight - TT Club The Rhine at its lowest since 1880, barges operating at a fraction of capacity, and nuclear reactors being shut down to conserve river cooling - TT Club's warning…...

Insurance Business
insurancebusinessmag.com > au > news > breaking-news > an-airboat-crash-in-crocinfested-waters-589229.aspx

An airboat crash in croc-infested waters

3+ day, 14+ hour ago   (493+ words) A Federal Court judge's intervention into a horror Northern Territory airboat crash made headlines last week. But for the insurance market, the more useful story sits in a separate fight in the same court file: an insurer's refusal to indemnify…...

Insurance Business
insurancebusinessmag.com > us > news > breaking-news > how-911-rewired-american-insurance-589203.aspx

How 9/11 rewired American insurance

4+ day, 21+ min ago   (336+ words) On June 29, the US House of Representatives voted 373-15 to extend the Terrorism Risk Insurance Program through 2034. A Senate companion bill is pending. It's a routine-sounding vote on paper, but it's really Congress renewing, for the fifth time, a program built…...

Insurance Business
insurancebusinessmag.com > nz > news > catastrophe > el-nino-to-outlast-2026-as-pacific-drought-and-flood-risk-mounts-589170.aspx

El Niño to outlast 2026 as Pacific drought and flood risk mounts

3+ day, 19+ hour ago   (617+ words) New Zealand brokers have a narrowing window to review client cover – and the science says conditions will keep deteriorating. The World Meteorological Organisation (WMO) confirmed in its latest update that an intensifying El Niño is already generating droughts and floods…...

Insurance Business
insurancebusinessmag.com > uk > news > travel > nats-glitch-cancels-more-than-1300-uk-flights-as-insurers-assess-claims-589155.aspx

NATS glitch cancels more than 1,300 UK flights as insurers assess claims

4+ day, 1+ hour ago   (237+ words) A technical failure in National Air Traffic Services' (NATS) flight data processing system cancelled more than 1,300 flights across UK airports on September 8, with a further 177 cancellations recorded the following day, according to flight tracking platform Flightradar24. The disruption triggered an immediate…...

Insurance Business
insurancebusinessmag.com > ca > news > auto-motor > canadas-countertariffs-skip-autos-but-premium-pressure-remains-589097.aspx

Canada's counter-tariffs skip autos, but premium pressure remains

4+ day, 8+ hour ago   (328+ words) Canada's counter-tariffs on $27.6 billion of US goods took effect September 8, matching Washington's rates of 15%, 25% and 50% dollar-for-dollar across steel, aluminum, dairy, appliances, agricultural equipment, pulp and paper, as well as electronics. The measures respond to the US imposing its own 50% tariffs…...

Insurance Business
insurancebusinessmag.com > us > news > breaking-news > two-florida-crashes-expose-both-ends-of-aviation-risk-589034.aspx

Two Florida crashes expose both ends of aviation risk

5+ day, 44+ min ago   (254+ words) Two fatal aviation crashes struck Florida within 24 hours last weekend. One was a commercial cargo overrun with complex multi-party liability. The other was a general aviation fatality of the kind that accounts for the large majority of US aviation deaths…...

Insurance Business
insurancebusinessmag.com > asia > news > claims > bangladesh-regulator-distributes-cheques-as-claims-culture-collapses-589031.aspx

Bangladesh regulator distributes cheques as claims culture collapses

4+ day, 17+ hour ago   (454+ words) Bangladesh’s insurance regulator distributed claim cheques worth Tk 14.51 crore to 2,549 policyholders on September 3 – an event that looks routine on its face but points to a market where the claims process has deteriorated badly enough to require the regulator to step…...