Iran has established control over the Strait of Hormuz, requiring payments from ships for safe passage. These payments could void insurance coverage since Iran’s Revolutionary Guard is a designated terrorist organization, creating ripple effects for global supply chains and insurance markets.
maritime insurance
Maryland Settles Bridge Collapse Claims with Dali Ship
Maryland has reached a settlement with the operators of the cargo ship that destroyed the Francis Scott Key Bridge in 2024, though financial details remain undisclosed. The case highlights complex liability issues that could impact how insurance companies handle major infrastructure accidents.