A US-Iran framework agreement aims to end Gulf hostilities, reopening the Strait of Hormuz to shipping. However, significant hurdles remain, including mine clearing, high war-risk insurance premiums, and unresolved broader issues like Iran's nuclear program, posing risks to the fragile deal.
A US-Iran framework agreement aims to end Gulf hostilities, reopening the Strait of Hormuz. However, significant hurdles remain, including mine clearance, high war-risk insurance, stranded vessels, and unresolved broader issues like Iran's nuclear program.
Homeowners insurance premiums have surged 24% between 2021-2024. Experts suggest fortifying homes, raising deductibles, avoiding small claims, reviewing coverage, bundling policies, improving credit, and considering insurance costs when buying a home to mitigate rising costs.
Hong Kong has an opportunity to become a global hub for war-risk marine insurance, offering legal certainty and risk pricing to keep trade flowing amid geopolitical tensions, particularly for China.
BNP Paribas lowers expectations for pure electric cars due to charging infrastructure gaps and high insurance costs, suggesting EVs and combustion engine vehicles will coexist longer. China and Europe lead in infrastructure readiness.
Pride of our Footscray, a beloved LGBTQIA+ nightclub in Melbourne, faces potential closure due to a dramatic increase in public liability insurance premiums, rising from $1,000 to over $142,000 in a few years.
Many homeowners with fixed-rate mortgages are seeing their monthly payments increase due to rising costs in escrow accounts for homeowners insurance and property taxes. About 65% of escrow accounts are projected to be short this year, with an average shortage of $2,157.
Millions of home in the U.S. are uninsured, partly because insurance costs have soared in recent years. NPR wants to hear about the coverage decisions you're making as premiums rise.
Lawsuits allege that State Farm tries to avoid paying what it owes for hail damage. The litigation is happening as homeowners face soaring insurance costs, partly due to threats from climate change.
Pet owners are facing thousands of pounds in vet bills after insurers cancelled policies or rejected claims, a BBC investigation has found. One owner was left with £8,000 to pay after her policy was terminated following a confirmed claim. Complaints to the Financial Ombudsman about pet insurance rose 59% in 2024-25, with 42% upheld. Consumer group Which warns companies are not being clear about policy coverage.
