The insurance giant will work with the U.S. International Development Finance Corporation to help backstop shipping.

More than a thousand ships are stranded outside the Strait of Hormuz, bobbing in the water. A big reason? Insurance. War insurance premiums have skyrocketed since the war with Iran began. It’s an ...

The scheme aims to help restore commercial shipping activity in the region by offering hull and machinery and cargo insurance ...

In early March 2026, one of the world’s most important energy routes experienced a sudden disruption. The crisis did not ...

Israel and Iran's escalating conflict has significantly driven up the cost of insurance for ships sailing through the Red Sea and Persian Gulf. Stream Los Angeles News for free, 24/7, wherever you are ...

As the conflict in the Gulf widens, maritime insurance premiums for war coverage are surging -- in some cases by more than ...

Global oil prices inched higher after US President Donald Trump announced new measures to protect vessels moving through the Strait of Hormuz, a critical route ...

When you order something online, you usually trust that the package will make its way to you intact. And that's typically the case, but nothing is foolproof. About 90,000 packages a year delivered to ...

The perils of the sea and the oddities of ocean freight mean shippers depend on the insurance of shipping agents who specialize in ocean freight. Cargo ships aren't required to carry cargo insurance ...

YOU THINK IT DOES. EIGHT ON YOUR SIDE. CONSUMER INVESTIGATOR BRIAN ROCHE EXPLAINS. BACK IN APRIL, I WAS SHIPPING A PACKAGE TO MY SON IN LAW FOR HIS BIRTHDAY, WHO CURRENTLY RESIDES IN SOUTH KOREA. BUT ...

Freight brokers and third-party logistics providers act as a middle-man between the owners of products and the transportation services that carry them, such as rail, trucks, ships and planes. Brokers ...

Israel and Iran's escalating conflict has significantly driven up the cost of insurance for ships sailing through the Red Sea and Persian Gulf. Marine insurers are now charging 0.2% of the value of a ...