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Red Sea Insurance Premium Spikes as Houthi Risks Return

Insurance Journal

The cost of insuring commercial ships that sail past Yemen’s Houthi militants surged after the rebels sank two ships and killed sailors this week, underscoring how the attacks have revived risk in the crucial waterway. Shipowners now have to pay …

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Middle East Tensions Boost Underwriting Risks Across Re/Insurers’ Portfolios: Report

Insurance Journal

Marine, aviation, cyber, and terrorism insurers face immediate underwriting pressures and potential accumulation losses as a result of heightened hostilities between Iran and Israel, according to Morningstar DBRS. In addition, the report said, reinsurance capacity in certain business lines could …

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Tokio Marine Launches Green Unit, Eyes $1 Billion Revenues by 2030

Insurance Journal

Japanese insurer Tokio Marine has set up a unit to insure activities linked to the low-carbon transition such as green hydrogen, shipping and cement and is targeting $1 billion in revenues by the end of the decade, its chair told …

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Mastering Inland Marine Insurance: A Broker’s Guide

Distinguished

Without inland marine coverage, these businesses would face significant financial losses that standard property insurance doesnt cover. Despite its name, inland marine insurance has nothing to do with boats. What is Inland Marine Insurance? Inland marine insurance provides coverage for property that moves between locations.

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Mideast Ship Insurance Costs Jump Following Iran-Israel Attacks

Insurance Journal

The cost of insurance for ships sailing in the Persian Gulf jumped as attacks between Iran and Israel raised risks for vessels in the area. Underwriters are now charging 0.2% of the value of a ship for calls into the …

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How Much New Risk Can Insurance Customers and Insurers Take?

Majesco

Climate risk is growing, and a greater number of Cat events are threatening people and their property. At this moment, with 150,000 people displaced and property insurers scrambling to help customers, it’s clear that everyone in the industry needs to pull together to create new solutions to new levels of risk. What does it mean?

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A Comprehensive Guide to Understanding Commercial Property Insurance

Protect Commercial Insurance

Having coverage structured according to your specific needs and risks is not just a precautionit’s a powerful business strategy. Not every potential risk is covered under a standard policy. – Data Breach Insurance : Critical for technology-reliant businesses, protecting against cyber risks.