News Archives - Insurance Journal

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19 06, 2026

Texas State Fire Marshal’s Office Probes Deadly Residential Fire in Odessa

By | June 19th, 2026|Uncategorized|Comments Off on Texas State Fire Marshal’s Office Probes Deadly Residential Fire in Odessa

The Texas State Fire Marshal’s Office (SFMO) said it is investigating a residential fire in Odessa that resulted in the death of one firefighter and injured six others. Firefighters from Odessa Fire Rescue and West Odessa Volunteer Fire Department were …

19 06, 2026

Louisiana Plans $1.1B Investment in New Orleans Land Bridge Restoration

By | June 19th, 2026|Uncategorized|Comments Off on Louisiana Plans $1.1B Investment in New Orleans Land Bridge Restoration

There’s an increasingly narrow strip of New Orleans marshland that hardly anyone lives on, but without it, hundreds of thousands of people will face far greater risks from storms and floods. The area, commonly called the New Orleans Land Bridge, …

19 06, 2026

Space Startups Seek Insurance for Orbital AI Data Centers

By | June 19th, 2026|Uncategorized|Comments Off on Space Startups Seek Insurance for Orbital AI Data Centers

Space companies have spoken with insurers about coverage for orbital AI data centers, a sign of early progress for an experimental industry backed by Elon Musk’s SpaceX and Jeff Bezos’ Blue Origin. The concept of data center satellites — designed …

19 06, 2026

US and Iran Delay Nuclear Talks as Lebanon Clashes Worsen

By | June 19th, 2026|Uncategorized|Comments Off on US and Iran Delay Nuclear Talks as Lebanon Clashes Worsen

The US and Iran have postponed the start of their negotiations over a permanent peace deal and restricting the Islamic Republic’s nuclear program.It’s uncertain why the talks, meant to be held in Switzerland on Friday, have been delayed, though Israel …

19 06, 2026

Hormuz Traffic Thins Friday as Shipowners Err on Side of Safety

By | June 19th, 2026|Uncategorized|Comments Off on Hormuz Traffic Thins Friday as Shipowners Err on Side of Safety

Traffic through the Strait of Hormuz appeared to thin early on Friday, just a day after a burst of oil flows through the waterway as the US and Iran vowed to lift a dual blockade. No tankers were seen moving …

19 06, 2026

People Moves: Hub International Names Collins Northeast Area President

By | June 19th, 2026|Uncategorized|Comments Off on People Moves: Hub International Names Collins Northeast Area President

Hub International Limited (HUB), headquartered in Chicago, Illinois, appointed Paul Collins as Northeast area president, effective July 1. In this expanded role, Collins will continue to lead HUB Northeast while also assuming responsibility for HUB New England. Collins has been …

19 06, 2026

Viewpoint: Hormuz Is Reopening, but Global Shipping Won’t Return to Normal for Months

By | June 19th, 2026|Uncategorized|Comments Off on Viewpoint: Hormuz Is Reopening, but Global Shipping Won’t Return to Normal for Months

Iran and the United States are about to sign a peace deal that will reopen the Strait of Hormuz, the narrow waterway that carries about one-fifth of the world’s oil. Oil prices reacted quickly to the announcement of the tentative …

19 06, 2026

Trump Administration Backtracks on Removing Ocean Sensors

By | June 19th, 2026|Uncategorized|Comments Off on Trump Administration Backtracks on Removing Ocean Sensors

The Trump administration is dropping near-term plans to dismantle a $386 million federal ocean-observing system after encountering resistance from scientists and Congress. The National Science Foundation said Thursday it will pause efforts to decommission most of the Ocean Observatories Initiative, …

19 06, 2026

Markets/Coverages: Chubb Leads New Lloyd’s War Risk Consortium for Hormuz Shipping

By | June 19th, 2026|Uncategorized|Comments Off on Markets/Coverages: Chubb Leads New Lloyd’s War Risk Consortium for Hormuz Shipping

A new Lloyd’s market consortium has been launched to provide additional marine war risk insurance capacity for vessels and cargo transiting the Strait of Hormuz, Lloyd’s announced. Chubb will serve as lead underwriter, supported by participating Lloyd’s syndicates and specialist …

18 06, 2026

Wanted: War-Zone Divers to Scrape Barnacles From Ships in Persian Gulf

By | June 18th, 2026|Uncategorized|Comments Off on Wanted: War-Zone Divers to Scrape Barnacles From Ships in Persian Gulf

Demand for ocean divers who specialize in barnacle scraping is soaring as ships stranded in the Persian Gulf for more than three months prepare to disembark. The surge in orders for crews to clean ship hulls fouled by algae, slime …