by AIP Online Bureau | May 18, 2026 | Eco/Invest/Demography, International News, Reinsurance
“Cryptographically verifiable insurance policies will be provided for shipments passing through the Persian Gulf, the Strait of Hormuz, and the surrounding waterways, and payments will be settled in Bitcoin,” Fars reported, citing the website hormuzsafe.ir, which...
by AIP Online Bureau | Apr 6, 2026 | Articles, Eco/Invest/Demography, Non-Life, Reinsurance, Risk Management
“The free flow of commerce through the strait is a larger principle at stake in this conflict.Failure to ensure freedom of navigation in Hormuz puts global freedom of navigation everywhere at risk,” said retired Vice Admiral John W. Miller, former commander of US...
by AIP Online Bureau | Mar 12, 2026 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance, Risk Management
“Most prominent is shipping in the Straits of Hormuz where trade has been halted, not by a lack of available insurance, but by obvious safety concerns. The market for marine war risks is operating in the manner we would expect, given the increase in threats to...
by AIP Online Bureau | Mar 9, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Reinsurance
The move comes after exporters flagged sharp and sometimes arbitrary increases in logistics costs, particularly during the current geopolitical crisis that has disrupted global shipping routes and pushed freight rates higher. New Delhi: The government is preparing to...
by AIP Online Bureau | Mar 3, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
War risk premiums have risen up to 1% of the value of a ship in the past 48 hours, from around 0.2% last week, industry sources said on Monday, which adds hundreds of thousands of dollars in costs for every shipment Insurance companies are canceling war risk coverage...
