The insurance giant will work with the U.S. International Development Finance Corporation to help backstop shipping.

Chubb ( CB) will be the lead partner in the U.S. International Development Finance Corp.'s (DFC) $20B Maritime Reinsurance Plan, the investment arm of the U.S. government said on Wednesday.

Insurance giant Chubb will be the lead partner on the U.S. International Development Finance Corporation's $20 billion Maritime Reinsurance ​Plan aimed at resuming commercial shipping in the Gulf, the ...

Three vessels were hit in and around the Persian Gulf on Wednesday, according to a British maritime agency. Iran claimed responsibility for one.

At least 12 incidents have been confirmed involving vessels in and around the Strait of Hormuz since the war began, according to two global trackers.

The U.S. is assessing how to reopen the flow of crude oil tankers and cargo ships through the Persian Gulf as the White House makes resuming regional trade a main priority across the government, the ...

An environmental catastrophe poses a massive risk in a region that has glittering high-rise buildings, posh beachfront resorts and booming commercial centers.

For the container industry, war-risk surcharges are no longer exceptional line items that appear and disappear with individual conflicts.

Insurance broker Marsh said on Wednesday it had met with U.S. officials to ​explore solutions for restoring maritime trade ...

The Importers and Exporters Association of Ghana (IEAG) has urged the government to suspend the rollout of the newly introduced Local Cargo Insurance policy, arguing that key stakeholders were not ...

Tesla CEO Elon Musk said the Cybertruck may transition to a fully autonomous vehicle for commercial cargo delivery. Cybertruck sales were nearly cut in half in 2025 compared to the previous year, ...

Alaska Commercial Company is revamping its shipping strategy this winter as a combination of severe weather and high seasonal demand has caused disruptions in Nome and nearby communities. AC President ...