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Escape Route Through Strait of Hormuz Now Involves Iran Passage

Insurance Journal

A Pakistani tanker earlier this week became the latest vessel to sail out through the Strait of Hormuz by hewing closely to the Iranian coast, suggesting an approved route that points to Tehran’s tightening grip on the narrow waterway — …

Posted: Mar 17, 2026

Update: Hormuz Escape Route Suggests Ships Navigate on Iran’s Terms

Insurance Journal

A Pakistani tanker earlier this week became the latest vessel to sail out through the Strait of Hormuz by hewing closely to the Iranian coast, suggesting an approved route that points to Tehran’s tightening grip on the narrow waterway — …

Posted: Mar 17, 2026

Rokstone strengthens NA Casualty team

Reinsurance News

Rokstone, an international specialty re/insurance managing general agent (MGA), has announced the appointment of Claire Lill as Senior Underwriter, North American Casualty. In her new role, Lill will collaborate closely with Rokstone’s North Ameri...

Posted: Mar 17, 2026

Chicago Area’s $19 Billion Tax Bill Fuels Fight for Assessor Job

Insurance Journal

Chicago’s real estate industry has ignited a battle over a $19 billion tax bill that property owners say is holding back new construction and contributing to surging rents. Donors have poured $1.4 million in the past six months into the …

Posted: Mar 17, 2026

Shipping Insurance Costs to Cross Hormuz Soar After Vessel Attacks

Insurance Journal

Insuring vessels to sail through the Strait of Hormuz is still possible, even if at a very high cost, according to people involved in the market. The cost of coverage has leaped to about 5% of the value of a …

Posted: Mar 17, 2026

Everything You Need to Know about The Institutes’ Associates in Insurance AI Designation

Risk & Insurance

As AI rapidly transforms underwriting, claims, and operations, the Associate in Insurance AI ™ provides practical skills to evaluate and apply this technology across the insurance value chain. The post

Posted: Mar 17, 2026

Everything You Need to Know about The Institutes’ Associate in Insurance AI Designation

Risk & Insurance

As AI rapidly transforms underwriting, claims, and operations, the Associate in Insurance AI™ provides practical skills to evaluate and apply this technology across the insurance value chain. The post

Posted: Mar 17, 2026

Amiga Specialty launches in Hong Kong

Reinsurance News

Amiga Specialty, an independent international Managing General Agent (MGA), has commenced trading in Hong Kong after successfully securing a licence from the Hong Kong Insurance Authority. Under the leadership of Ralph Sherbahn, Managing Director...

Posted: Mar 17, 2026

Nexus appoints Walid Youssef as Head of UK Financial Institutions

Reinsurance News

Nexus Underwriting, an Arrowhead Intermediaries company, has announced the appointment of Walid Youssef as Head of UK Financial Institutions. In his new role, Youssef will manage Nexus’s UK Financial Institutions portfolio and drive the line’s str...

Posted: Mar 17, 2026

Willis partners with Qover to expand GB affinity technology ecosystem

Reinsurance News

Insurance broker Willis, a WTW business, has entered into a strategic partnership with Qover, a European leader in embedded insurance orchestration, to further expand its GB Affinity technology ecosystem. As part of the collaboration, Willis and Q...

Posted: Mar 17, 2026

Pacific Life Re appoints Dion Russell as Managing VP, Business Services, Protection

Reinsurance News

Pacific Life Re, the reinsurance arm of Pacific Life, has announced the appointment of Dion Russell as Managing Vice President, Business Services, Protection. Russell has more than 25 years of experience in the life insurance industry, having work...

Posted: Mar 17, 2026

Amazon Unit Withdraws From Drone Trade Group, Raises Safety Concerns

Insurance Journal

Amazon.com’s drone unit Prime Air is withdrawing from the Commercial Drone Alliance, taking issue with the industry trade group’s opposition to a regulatory proposal for detect-and-avoid systems to prevent drone collisions with crewed air...

Posted: Mar 17, 2026

Iran-Linked Hackers Take Aim at US, Other Targets, Raising Risk of Cyberattacks

Insurance Journal

Pro-Iranian hackers are targeting sites in the Middle East and starting to stretch into the United States during the war, raising the risk of American defense contractors, power stations and water plants being swept into a wave of digital chaos &#823...

Posted: Mar 17, 2026

People Moves: HW Kaufman Group Names Hattaway President of RB Jones; Rokstone Hires QBE North Americ...

Insurance Journal

HW Kaufman Group Names Hattaway President of RB Jones RB Jones, a managing general underwriter providing specialty risk coverage solutions for brokers, agents and wholesalers, named Michael Hattaway as president. He will be based in New York City and...

Posted: Mar 17, 2026

AI Hyperscalers’ Shadow Borrowing Bolsters Private Credit Risks

Insurance Journal

Investment in AI infrastructure via off-balance sheet debt is increasing the exposure of insurers and private credit funds to hyperscalers, according to officials at the Bank for International Settlements. “Alongside traditional bonds, hypersca...

Posted: Mar 17, 2026

Florida Brownfield Development Bill Raising Concerns About Coverage, Litigation

Insurance Journal

Amid the last-minute scramble to move legislation before the non-budgetary session was set to end last week, Florida lawmakers quietly approved a bill that could open up more contaminated “brownfield” areas in south Florida to housing dev...

Posted: Mar 17, 2026

AM Best Revises Outlooks to Stable for Amica Group

Insurance Journal

AM Best reports it has revised the outlooks to stable from negative and affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” (Superior) of Amica Mutual Insurance Co...

Posted: Mar 17, 2026

Insurer Wants Its $3.5M Back Because City Delayed Reporting Claims for 5 Years

Insurance Journal

The city of New Haven’s insurance company is insisting that the city pay back the $3.55 million the insurer paid to settle claims over a 2019 rooming house fire in which two people were killed. Pennsylvania Manufacturers Association Insurance C...

Posted: Mar 17, 2026

$20B Reinsurance Plan Unlikely to Restart Gulf Shipping Without Liability Cover

Carrier Management

$20B Reinsurance Plan Unlikely to Restart Gulf Shipping Without Liability Cover The T...

Posted: Mar 17, 2026

New Jersey Secures Win in Long-Running Case Over PDX’s Worker Misclassification

Insurance Journal

After years of litigation, PDX North, Inc., a last-mile automotive parts distribution company, has agreed to pay up to $7 million to resolve worker misclassification violations involving its delivery drivers, announced New Jersey officials. The settl...

Posted: Mar 17, 2026

Owners of Large California Tow Operation Charged in $6M Workers’ Comp Fraud Scheme

Insurance Journal

Owners of one of the biggest towing businesses in Southern California were arrested on multiple counts of felony insurance fraud. Bothers Mark Hassan and Ahmed Hassan were charged with underreporting employee payroll and paying parts of employees&#82...

Posted: Mar 17, 2026

On-Demand Webinar — Using RMIS as a Strategic Enabler: How Risk Leaders Turn Information into Better...

Risk & Insurance

Learn how a RMIS can strengthen cross-functional alignment across risk, safety, finance, operations, and IT; reduce reliance on manual processes; and support more confident, informed leadership discussions. The post

Posted: Mar 16, 2026

Equitable Partners with Empathy for Bereavement Support

IIR

The insurer has introduced Empathy Loss Support, a complimentary benefit offering guidance and tools for families navigating the loss of a loved one.

Posted: Mar 16, 2026

Akur8 Acquires Slope Software to Expand into Life Insurance

IIR

The actuarial software provider has entered the life and annuity market through the acquisition.

Posted: Mar 16, 2026

Just Selects Sapiens Platform for Retirement Systems Upgrade

IIR

The U.K. financial services group has chosen Sapiens’ Life & Pensions platform to support modernization and growth.

Posted: Mar 16, 2026

Fisent Adds Spreadsheet Standardization Tool

IIR

The new capability extracts and structures spreadsheet data for automated business workflows.

Posted: Mar 16, 2026

Bank of America Agrees to Settle Claims It Aided Epstein

Insurance Journal

Bank of America Corp. has agreed to settle a proposed class action lawsuit on behalf of Jeffrey Epstein victims who accused the bank of aiding in the deceased financier’s sex-trafficking, according to a court record. The agreement in principle...

Posted: Mar 16, 2026

Chubb Appoints Scott Henck Chief Actuary, Promotes Cynthia Bentley to North America Chief Actuary

Risk & Insurance

The latest people news in the industry today. The post Chubb Appoints Scott Henck Chief Actuary, Promot...

Posted: Mar 16, 2026

UBS Urges U.S. Judge to Curb Liability for Nazi-linked Crimes

Carrier Management

UBS Urges U.S. Judge to Curb Liability for Nazi-linked Crimes UBS urged a...

Posted: Mar 16, 2026

New Wildfire Prevention Campaign Focuses on Education, Clearing Dead Brush

Carrier Management

New Wildfire Prevention Campaign Focuses on Education, Clearing Dead Brush A new prevention campaign urges cl...

Posted: Mar 16, 2026

Even Low-Risk Homes Are Caught Up in California’s Climate Insurance Crisis

Insurance Journal

As another wildfire season looms, insurance companies have abandoned some California neighborhoods at lower risk of burning, forcing tens of thousands of homeowners to obtain bare-bones coverage from the state’s insurer of last resort. Californ...

Posted: Mar 16, 2026

Howden unveils regional structure changes, creates EMEA broking unit

Reinsurance News

Global insurance broker Howden has announced that it will now align its International Growth Markets (IGM) businesses with their respective regions, leading to a number of leadership appointments and regional structure changes effective April 1st,...

Posted: Mar 16, 2026