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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 …
POSTED JUNE 19, 2026 11:32 AM |
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 …
POSTED JUNE 19, 2026 11:00 AM |
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 …
POSTED JUNE 19, 2026 10:10 AM |
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 …
POSTED JUNE 19, 2026 9:55 AM |
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 …
POSTED JUNE 19, 2026 9:37 AM |
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, …
POSTED JUNE 19, 2026 9:00 AM |
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 …
POSTED JUNE 19, 2026 7:00 AM |
APCIA Tells Michigan Senate to Oppose Bill Mandating Auto Rate Reductions
A Michigan Senate Committee this week advanced a bill that would mandate auto insurance premium reductions of at least 10% without reduced benefits, Sen. Jeff Irwin (D-Ann Arbor) authored SB 328, which he says will lower car insurance premiums for …
POSTED JUNE 19, 2026 7:00 AM |
People Moves: Donegal & Michigan Insurance Promotes Faber to Regional VP as Veenstra Retires
Donegal Insurance Group, headquartered in Marietta, Pennsylvania, and its member company, Michigan Insurance Company, promoted Rob Faber to regional vice president of the group’s Greater Midwest region. Faber succeeds Melissa Veenstra, who will retire on July 2. Faber joined the …
POSTED JUNE 19, 2026 7:00 AM |
People Moves: HDI Global US Appoints Salmon Head of Cyber Underwriting; AXA XL Names Giordano Global Chief Underwriting Officer
HDI Global US Appoints Salmon as Head of Cyber Underwriting Corporate and specialty insurer HDI Global (HDI), headquartered in Chicago, Illinois, appointed Jill Salmon as head of cyber underwriting at HDI Global U.S. Salmon will play a key part in …
POSTED JUNE 19, 2026 6:08 AM |
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