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War risk insurance rates for ships passing through the Black Sea have risen following recent attacks on two oil tankers headed for a Russian port. The incidents, involving Ukrainian naval drones, have made insurers and charterers rethink risks and prepare for possible further disruptions. Insurers now charge about 0.5% of a vessel’s value for a … Read more

Accenture is set to buy Australian cybersecurity company CyberCX in what will be its largest deal in the cybersecurity sector. The Australian Financial Review estimates the purchase price to be over A$1 billion, which is about $650 million US dollars. The move comes amid a rise in major cyberattacks in Australia. Big companies like Optus … Read more

West Virginia is finally moving ahead with two important studies aimed at reducing flood risks, nearly ten years after deadly floods struck the state in 2016. Governor Patrick Morrisey recently announced the state will partner with the U.S. Army Corps of Engineers to study flood management strategies across 20 counties in the Kanawha River Basin, … Read more

Starting August 18, 2025, Rockford Mutual is expanding its commercial insurance offerings into Michigan. The company will introduce a variety of products including Businessowners Policies (BOP), Commercial Package Policies (CPP), and Commercial Umbrella coverage. These options aim to help local businesses find the right protection for their needs. Rockford Mutual has built its reputation by … Read more

Allianz, one of the world’s biggest insurance companies, plans to cut between 1,500 and 1,800 jobs in its travel insurance division over the next year to year and a half. Most of these cuts will hit call center staff who handle customer inquiries and claims over the phone. The move comes as Allianz Partners, the … Read more

Florida’s home insurance market is always changing, especially with the state’s weather risks like hurricanes and floods. To help brokers and homeowners, here’s a clear look at the top ten home insurance companies in Florida for 2025. These companies have strong market shares and offer different options to protect your home and belongings. At the … Read more

Steadfast Group has made a surprising move by cutting its chief operating officer role just months after Noelene Palmer was promoted to the position. This change comes after a confidential workplace complaint investigation that involved CEO Robert Kelly. Palmer, who joined Steadfast in 2024 and had a strong background working with major companies like IAG, … Read more

Cargo theft continues to be a growing problem for trucking companies across the United States, posing risks not only to the goods being transported but also to the businesses and people involved in the industry. Mitch Gearhart, a transportation underwriting specialist with Central Insurance, shares insights on current theft risks and ways trucking companies can … Read more

The Alabama Department of Insurance has asked insurance companies for new information on how liability coverage impacts the cost of claims. In a bulletin released Thursday, Commissioner Mark Fowler announced a data request targeting carriers that provide personal and commercial auto insurance, umbrella policies, general liability, and professional liability coverage. Homeowners insurance was specifically left … Read more

An explosion at a U.S. Steel coal-processing plant near Pittsburgh has left two people dead and sent 10 others to the hospital, the company confirmed Friday. The blast happened during preparations for routine maintenance, when workers were flushing a gas valve. The plant, located in Clairton along the Monongahela River, is the largest coking facility … Read more