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Iran Conflict Disrupts Global Shipping as Tankers Are Stranded, Damaged
Insurance companies are canceling war risk coverage for vessels in the Middle East Gulf as the widening Iran conflict disrupts shipping, leaving tankers damaged or stranded and at least two people dead. Shipping through the Strait of Hormuz between Iran …
POSTED MARCH 03, 2026 10:30 AM |
Drone Strikes Damage Amazon Data Centers in the UAE and Bahrain
Amazon.com Inc.’s cloud unit warned of prolonged disruptions to its services after revealing that drone strikes damaged three of its data centers in the Middle East in recent days. Amazon Web Services Inc. said for the first time that drones …
POSTED MARCH 03, 2026 7:23 AM |
Iran War Poses New Risk to US Economic Resilience
A U.S. economy that has weathered a year of trade, immigration and other shocks now faces a new test likely to ratchet up uncertainty after President Donald Trump’s decision to launch open-ended attacks against Iran with the stated goal of …
POSTED MARCH 03, 2026 6:14 AM |
Senators Sound Alarm After New Data Shows Fewer OSHA Inspections, Fines
A group of U.S. senators issued a letter to Labor Secretary Chavez-DeRemer and Assistant Secretary of Labor for Occupational Safety and Health David Keeling, outlining their concerns about new data showing a significant drop in workplace safety investigations and fines. …
POSTED MARCH 03, 2026 6:12 AM |
Viewpoint: Einstein on Entropy and Builders Risk
Were he alive today, Albert Einstein would make for a fantastic expert witness in builders risk coverage litigation. Einstein’s testimony on the concept of entropy would be particularly insightful—assuming his hourly rate was affordable, of course.[1] In recent years, we’ve …
POSTED MARCH 03, 2026 6:09 AM |
Death and Destruction at Orlando I-4 Project But Punitive Damages Not Allowed
The Interstate 4 construction project in Orlando may have been one of the most accident-plagued sites in Florida history, leading to the deaths of five workers and significant injuries for others, along with damage to vehicles. But one of those …
POSTED MARCH 03, 2026 6:01 AM |
NYC to Install Red Light Cameras at 600 Intersections by Year End
Last month, New York City announced it would begin activating red light cameras at 50 new intersections each week for the next five weeks, reaching 600 intersections by the end of 2026. The New York City Department of Transportation (NYC …
POSTED MARCH 03, 2026 6:00 AM |
Family Members Arraigned in California Auto Insurance Fraud Scheme
A California family is charged with insurance fraud in what authorities describe as a staged staging accident involving a Porsche. Pasadena residents Sarkis Dishchyan, 47, Ani Suzie Labbad, 47, and Violett Lara Labbad, 44, were arraigned on multiple counts of …
POSTED MARCH 03, 2026 6:00 AM |
California Insurance Agent Fraud Found After Student Athlete Death
A licensed insurance agent in California has been charged with insurance fraud and premium theft, which was discovered during an investigation following the death of a student athlete. Gonzalo Lorona, 58, of Oxnard, was charged with 37 felony counts, including …
POSTED MARCH 03, 2026 6:00 AM |
King Risk Partners Continues New York Expansion With Acquisition of PRL Associates
Florida-based King Risk Partners is continuing its expansion in the Northeast through the acquisition of PRL Associates, an insurance agency based in Endicott, New York. For more than 15 years, PRL Associates has provided personal and commercial insurance. John Lavo …
POSTED MARCH 03, 2026 6:00 AM |
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