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Iran and Oman Say They’ll Work on Pact for Hormuz Transit Costs
Iran and Oman said they’ll begin work on finding an agreement over the future administration of the Strait of Hormuz, including the cost of managing transit, as traders and shipowners fret over the prospect of the introduction of a tolling …
POSTED JUNE 23, 2026 2:48 PM |
‘Super’ El Niño Risks Rise as Pacific Ocean Heat Soars
Exceptionally warm sea surface temperatures in the Pacific Ocean are setting the stage for a potential “super” El Niño of record-breaking intensity. Temperatures in a part of the equatorial Pacific that’s closely monitored to define El Niño and La Niña …
POSTED JUNE 23, 2026 2:02 PM |
LA Warehouse Fire That Prompted Shelter-in-Place Orders Still Burning
Seven days into a fire at a large frozen-food storage facility near downtown Los Angeles, firefighters began moving parts of the exterior walls to try to gain access but they have yet to enter the building, officials said. Firefighters continue …
POSTED JUNE 23, 2026 1:49 PM |
US P/C Rebounds to Post Q1 Underwriting Gain; Net Income Doubles
Private U.S. property/casualty insurers posted a first quarter 2026 underwriting gain of $15.8 billion—quite the reversal after recording an underwriting loss of $864 million for the first three months last year. A new report from Verisk and the American Property …
POSTED JUNE 23, 2026 1:34 PM |
India’s Tata Electronics Hit by Cyber Breach Claiming to Expose Apple, Tesla IP Secrets
Tata Electronics said on Monday it had detected a recent “cybersecurity incident,” after researchers said World Leaks posted purported component design and specification papers of Apple and Tesla, both customers of the Indian group. The ransomware group has posted more …
POSTED JUNE 23, 2026 1:23 PM |
Hormuz Traffic Picks Up as More Tankers Broadcast Crossings
More ships are openly signaling their intention to traverse the Strait of Hormuz, pointing to growing confidence among shipowners and traders about sending vessels through the chokepoint as tensions ease.Seven tankers were in the strait on Tuesday morning, according to …
POSTED JUNE 23, 2026 12:56 PM |
Cover Whale Launches Wholesale Transportation Broker Headed by Atkielski
New York-based Cover Whale Insurance Solutions LLC, a technology-enabled commercial transportation managing general agent (MGA), has launched Breakwater Markets, a digital wholesale brokerage focused on transportation risks. The firm appointed Roman Atkielski as executive vice president of brokerage at Breakwater. …
POSTED JUNE 23, 2026 12:18 PM |
Kansas Department of Insurance Distributes Over $20M to Firefighters
Kansas Insurance Commissioner Vicki Schmidt announced that the Kansas Department of Insurance has made its annual distribution to local Firefighter Relief Associations (FRAs). Pursuant to the Kansas Firefighters Relief Act, $20,743,000 has been distributed to 552 FRAs throughout Kansas. “Firefighters …
POSTED JUNE 23, 2026 7:00 AM |
Deadly Tesla Crash Spurs Investigation by US Auto Safety Agency
A fatal collision involving a Tesla Inc. sedan is under federal investigation after an electric vehicle slammed into a home in Texas, killing a woman inside. The US National Highway Traffic Safety Administration said Monday that it has opened a …
POSTED JUNE 23, 2026 7:00 AM |
People Moves: Spencer Appointed AIG’s Head of Specialty, North America
Gavin Spencer is the new head of specialty, North America at AIG. He is taking on this expanded role alongside his current responsibilities as head of marine, North America. AIG is headquartered in New York City. Spencer joined AIG in …
POSTED JUNE 23, 2026 5:18 AM |
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