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Escape Route Through Strait of Hormuz Now Involves Iran Passage
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 MARCH 17, 2026 8:10 AM |
Chicago Area’s $19 Billion Tax Bill Fuels Fight for Assessor Job
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 MARCH 17, 2026 8:00 AM |
Shipping Insurance Costs to Cross Hormuz Soar After Vessel Attacks
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 MARCH 17, 2026 7:48 AM |
Amazon Unit Withdraws From Drone Trade Group, Raises Safety Concerns
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 aircraft. In a previously unreported letter seen …
POSTED MARCH 17, 2026 5:15 AM |
Iran-Linked Hackers Take Aim at US, Other Targets, Raising Risk of Cyberattacks
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 …
POSTED MARCH 17, 2026 5:14 AM |
People Moves: HW Kaufman Group Names Hattaway President of RB Jones; Rokstone Hires QBE North America Casualty Leader Lill
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 report …
POSTED MARCH 17, 2026 5:13 AM |
AI Hyperscalers’ Shadow Borrowing Bolsters Private Credit Risks
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, hyperscalers have turned to off‑balance sheet arrangements to …
POSTED MARCH 17, 2026 5:10 AM |
Florida Brownfield Development Bill Raising Concerns About Coverage, Litigation
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 development. But the bill, …
POSTED MARCH 17, 2026 5:01 AM |
AM Best Revises Outlooks to Stable for Amica Group
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. and its …
POSTED MARCH 17, 2026 5:00 AM |
Insurer Wants Its $3.5M Back Because City Delayed Reporting Claims for 5 Years
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 Co. …
POSTED MARCH 17, 2026 5:00 AM |
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