Two oil tankers catch fire following ‘external impact’

Two oil tankers linked to sanctioned Russian crude shipments caught fire in separate incidents last Friday in the Black Sea, raising concerns in a region already troubled by naval mines and irregular shipping activities. Turkish authorities launched major rescue efforts after the fires broke out on the vessels, which were carrying limited or questionable documentation. … Read more

How to Become an Insurance Broker: A Step-by-Step Guide

Insurance brokers play a key role in helping people and businesses find insurance policies that fit their needs. Unlike agents who work for specific insurance companies, brokers work independently and can offer options from many providers. This gives clients a wider range of choices and the chance to find better coverage. If you’re thinking about … Read more

CFC unveils new cyber tool to close protection gap for SMEs

Cyber insurance company CFC has introduced a new tool aimed at helping brokers connect better with small and medium-sized businesses (SMBs) about the risks of cyber threats. The initiative focuses on making cyber risk information clearer and more relevant to these smaller companies, which often find traditional reports full of confusing stats and jargon. Called … Read more

Insights from Executive Octavia Bush

Octavia Bush from Marsh McLennan Agency recently shared her thoughts on how the insurance world can become more attractive to younger people. In the latest episode of Executive Insights, created with the National African American Insurance Association (NAAIA), Bush focuses on ways the industry can appeal to a new generation. She points out that the … Read more

Cyber insurance rates ease, yet underwriters remain firm

Cyber insurance prices are dropping, but insurers remain firm in the market. Despite buyers seeing a more favorable market, insurance companies are holding steady and not retreating, according to Matt Chmel, head of cyber solutions for North America at Aon. This competitive environment is driven by existing insurers protecting their current clients and new companies … Read more