Archive for March 2026

Container ships account for roughly 100 of the 750 ships backed up around the Strait of Hormuz following U.S. and Israeli attacks on Iran, Jeremy Nixon, CEO of container carrier Ocean Network Express (ONE), said on Monday. “About 10% of … Source: Claims Journal

Agriculture traders rushed to adjust positions with the escalating conflict in Iran threatening to disrupt supply chains from corn and soybean meal to fertilizer and sugar. President Donald Trump said the U.S. bombing campaign against Iran could last for weeks. … Source: Claims Journal

FedEx was sued in federal court on Friday on behalf of customers seeking refunds from the global shipping company after the U.S. Supreme Court ruled this month that President Donald Trump unlawfully imposed billions of dollars in emergency tariffs on … Source: Claims Journal

Zurich Insurance Group announced it has agreed with U.K. specialty insurer Beazley the terms of an all-cash offer to acquire Beazley for US$10.9 billion. The aggregate cash deal is expected to be funded via existing cash (approximately US$3.0 billion), new … Source: Claims Journal

Mobile countersued Verizon Wireless, accusing its largest rival of engaging in “bait-and-switch” advertising to induce consumers to switch cellphone carriers. The lawsuit followed Verizon Wireless’ own February 4 lawsuit challenging T-Mobile ads promising consumers more than $1,000 of annual savings … Source: Claims Journal

While cover for vessels is available from other providers, several market participants said costs for that had increased by at least 50% and in some case doubled. Source: Claims Journal

JPMorgan Chase, Barclays and Fifth Third have been sued by investors who suffered losses on securities issued by now-bankrupt subprime auto lender Tricolor, and accused the banks of missing “giant red flags” when fraudulently marketing the debt. In a complaint … Source: Claims Journal

Gallagher Bassett named Saugata Chatterjee chief information officer. Saugata will lead Gallagher Bassett’s technology strategy and architecture. Russ Pass, former chief information officer and current executive vice president, will now focus on the claims experience as chief operating officer for … Source: Claims Journal

Carriers across North America are reporting higher claims complexity and rising costs as medical inflation, litigation behavior and emerging AI‑enabled fraud reshape the claims environment, a new report shows. According to Gallagher Bassett’s 2026 Carrier Report, 64% of North American … Source: Claims Journal

A rare outbreak of infant botulism that sickened dozens of babies who drank recalled ByHeart formula is over, with no new cases reported since mid-December, the U.S. Centers for Disease Control and Prevention said last week. In all, 48 babies … Source: Claims Journal