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Insurance – Law

Stay up to date with the latest in Insurance – Law— covering market updates, regulatory changes, vessel activity, and expert commentary from top maritime sources.
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US selects Chubb as lead insurer for $20b Gulf maritime reinsurance plan | Maritime Insurance news

12 Mar, 2026
The U.S. International Development Finance Corporation (DFC) announced yesterday that Chubb will serve as the lead partner for DFC’s $20bln Maritime Reinsurance plan designed to resume commercial shipping in the Gulf. NYSE-listed property &...

20,000 seafarers remain stranded in Persian Gulf: IMO | Maritime Insurance news

10 Mar, 2026
Thousands of seafarers are trapped on tankers in the Gulf after recent attacks on merchant vessels in the Strait of Hormuz. The secretary-general of the International Maritime Organization (IMO), Arsenio Dominguez, voiced deep concern over ...

US DFC $20b plan for maritime reinsurance in Gulf | Maritime Insurance news

09 Mar, 2026
The U.S. will provide reinsurance for losses up to $20bln in the Gulf region, to help restore confidence for oil, gasoline, LNG, jet fuel, and fertilizer shippers during the war on Iran, the U.S. International Development Finance Corporatio...

War cover available to shipping for Gulf, Red Sea but insurers tighten grip | Maritime Insurance news

06 Mar, 2026
The granting of war cover for the Persian Gulf and Red Sea is and will remain available under specific agreement on a single voyage basis as long as navigation is authorised by governments and flag states, according to the International Uni...

Ship insurers cancel war risk cover for Iran and Gulf waters | Maritime Insurance news

03 Mar, 2026
Several marine insurers have revealed they will cancel war risk coverage for ships operating in Iran and Persian/Arabian Gulf. Some insurers said their cancellations will take effect from March 5, according to notices dated March 1 on their...

Belgium, France armed forces board suspected Russian ‘shadow fleet’ tanker | Videos

03 Mar, 2026
An oil tanker suspected of belonging to the Russian shadow fleet has been seized in the North Sea in a joint Belgian-French operation. Belgian and French armed forces have seized an oil/chemical tanker in the North Sea alleged to belong to ...

White House Releases America’s Maritime Action Plan

27 Feb, 2026
The White House has released the Trump Administration’s much-anticipated Maritime Action Plan (MAP), a sweeping federal blueprint aimed at reversing the long‑term decline of U.S. shipbuilding, strengthening the Maritime Industrial Base (MIB...

Sea Box, Inc. Agrees to Pay $2.6 Million to Settle Claims it Used Foreign-Flagged Vessels to Transport Shipping Containers for Army, Air Force

25 Feb, 2026
SEA BOX, Inc., a corporation specializing in the design, modification, and manufacturing of shipping containers headquartered in Cinnaminson, New Jersey, has entered into a settlement agreement with the United States resolving allegations t...