Article

President Trump has stirred up global trade tensions with a new set of tariffs aimed at boosting American manufacturing and adjusting trade imbalances. These tariffs target numerous countries, especially those with trade surpluses with the U.S., and have hit Chinese goods particularly hard, with some tariffs soaring to 145%. Currently, imports from the European Union, … Read more

In today’s digital world, protecting personal data is more important than ever, especially for high-net-worth individuals. A recent report highlights that the number of wealthy individuals is growing, with a 2.6% increase in 2024 alone. However, this rise comes with a significant downside: over 25% of these individuals or their family businesses have experienced cyberattacks. … Read more

The renewable energy sector is on the verge of a major shift. Experts believe that within the next five to ten years, renewable energy production could surpass that of fossil fuels. This change is being fueled by political support, new technologies, and a growing acceptance of renewable energy sources. Steven Munday, a leader in renewable … Read more

The U.S. excess and surplus (E&S) insurance market is experiencing remarkable growth, changing how insurers and brokers operate. This shift has turned E&S from a last-resort option into a vital part of risk management strategies for businesses. Recent trends show that market dislocation, new risks, and the flexibility of non-admitted insurance have driven this change. … Read more

Merchant shipping is still moving through the Strait of Hormuz, even after Israel launched significant attacks on Iran. The U.S.-led Combined Maritime Force confirmed that commercial traffic is flowing without interruption, although some shipowners are choosing to avoid the area due to rising tensions. The Strait of Hormuz is a crucial passage for global oil … Read more

Relatives of seven individuals who tragically drowned near Sapelo Island, Georgia, after a ferry dock walkway collapsed have filed a lawsuit against the companies responsible for its design and construction. The incident occurred on October 19 during a community celebration, drawing around 700 visitors to the island, which is known for its rich Gullah-Geechee heritage. … Read more

JetZero Inc. has exciting news for North Carolina. The company, based in California, announced plans to build its first manufacturing plant for a new type of passenger jet in Greensboro. This project could create over 14,500 jobs in the area over the next decade, making it the largest job commitment in the state’s history. The … Read more

In a recent discussion among industry leaders, executives shared insights on the growing opportunities in specialty insurance. They highlighted emerging risks and untapped markets as key areas for potential growth. The conversation aimed to identify where the next big successes might come from in this evolving field. Specialty insurance is gaining attention due to its … Read more

An explosion at the U.S. Steel Clairton Coke Works near Pittsburgh has left one worker dead and at least ten others injured. The incident occurred on Monday morning around 10:51 a.m. at the facility, which is the largest coke producer in the United States. Emergency crews quickly responded to the scene as thick smoke filled … Read more

The environmental insurance market is currently experiencing significant changes, according to a recent discussion featuring experts from WTW, NFP, and Gallagher. This conversation took place during the Q3 Environmental Insurance Power Panel, where industry leaders examined the latest market shifts, the rise of new contaminants, and the challenges that come with coverage. The panel highlighted … Read more