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The recent escalation of conflict in the Middle East has brought shipping in the Strait of Hormuz to an almost complete halt, leaving the marine insurance industry working hard to keep coverage available amid rising risks. The trouble began on February 28 when the US and Israel launched strikes on Iran. Iran responded with missile … Read more

Corpus Christi, a growing industrial city on Texas’ Gulf Coast, is facing a tough water shortage that is causing a lot of concern. The city, located about 400 miles south of Dallas, has been dealing with a severe drought that has lasted for seven years. This dry spell has hit just as the area has … Read more

Camp owners across Texas are sounding the alarm over new safety rules that could force many of them to shut down by next summer. The calls came during a meeting Friday where the Texas Department of State Health Services unveiled a drastic change in camp licensing fees and safety regulations. The changes come after two … Read more

Wisconsin’s Insurance Commissioner, Nathan Houdek, has ordered a contractor to pay $6,000 in fines after discovering he was acting as a public adjuster without following state rules. The contractor combined home repair work with “claim assistance” by using assignments of benefits—a practice that broke Wisconsin law. Under state law, public adjusters cannot have any financial … Read more

The aerospace insurance industry is starting 2026 with solid capacity and competitive pricing, but it’s also facing some serious challenges. A recent outlook from WTW highlights that while insurers have plenty of capital available, they are dealing with rising costs and a shaky global situation that is making things more difficult behind the scenes. Airlines … Read more

The US government is stepping in to help cover insurance for ships passing through the Strait of Hormuz, but experts warn this may not be enough to get commercial shipping moving again in the area. The strait is a crucial chokepoint, handling about one-fifth of the world’s oil and seaborne gas. However, ongoing conflict involving … Read more

Kingstone Companies has shared its best financial performance ever, showing remarkable growth and beating many larger insurers in the property and casualty industry. For the year ending December 31, 2025, the small Northeast insurer reported a net income of $40.8 million. That’s more than double the $18.4 million it made the year before. Earnings per … Read more

Global financial watchdogs are stepping up efforts to keep a close eye on the risks linked to artificial intelligence as banks and financial firms increasingly embrace AI technologies. While many in the banking world see AI as a way to boost productivity, regulators are worried about potential threats to financial stability. The Financial Stability Board … Read more

Last month, record-breaking heat overwhelmed the eastern United States, triggering emergency power situations across the region. This intense heat was caused by a weather pattern known as a heat dome—a large area of high pressure that traps warm air beneath it, creating scorching temperatures. The same phenomenon has already hit parts of Europe and China … Read more

Even when snow blankets South Dakota’s frozen ground and most farmers have wrapped up their season, Cedar Creek Gardens keeps growing. Nestled about 12 miles south of Interstate 90, near Murdo, this farm uses special hoop-shaped tunnels to keep vegetables thriving far beyond typical harvest times. These farm tunnels are tall, plastic-covered structures that trap … Read more