Sanctions could redraw war risk market, says marine insurer
Writing policies for single ships passing through conflict zones have become more complex, conference hears
Insurance
Ship hit by drone strike likely in process of being sold, brokers say
Damage may jeopardise reported sale
Gard unveils plan to slash casualty numbers by end of decade
Costs of the biggest casualties are rising with ever-larger ships and increased environmental demands
UK consumers warned over AI chatbots giving inaccurate financial advice
Which? study of ChatGPT, Copilot and others uncovers incorrect and misleading tips on investments, tax and insuranceArtificial intelligence chatbots are giving inaccurate money tips, offering British consumers misleading tax advice and suggesting they …
Scrapping surge will hit income of mutuals, says NorthStandard
Older tonnage brings in higher premiums for clubs because of the greater risks from losses
US personal injury claims causing headaches for mutual insurers
Insurance industry highlights rising costs of US personal injury claims from passengers, crew and stevedores
Iran confirms seizing tanker in Strait of Hormuz, citing ‘handling violations’
The 73,000-dwt LR1 Talara is anchored in Iranian waters
‘Bereavement penalty’: people who lost partners hit by insurance premium rises
Campaigners claim AI algorithms are behind hefty increases in renewal quotes for home and car coverShortly after her husband died, Kay Lawley* received renewal quotes from the couple’s home and car insurance provider, Ageas. She told the company of his…
Shipowners’ Club CEO Simon Peacock to step down
Long-planned transition of power has seen an internal candidate groomed for the top job
Tanker ‘heads towards Iran’ in sudden course change after suspicious approach
Marshall Islands-flagged ship had been heading south through the Strait of Hormuz