Strait of Hormuz impasse squeezes world shipping - Kuwait Times
Strait of Hormuz impasse squeezes world shipping Kuwait Times
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Strait of Hormuz impasse squeezes world shipping Kuwait Times

Escalating war fears in the Middle East and disruption to key energy routes shook investor confidence, driving a global market sell-off and heightened volatility across oil and equities.

Strait of Hormuz is effectively closed and vessels rerouted, sending some freight costs surging Leading maritime insurers have cancelled war risk cover for vessels operating in the Gulf as the…

The conflict in Iran is leading to fears of a new global oil shock. Crude futures spiked by some 8% on March 2nd as Iranian attacks on tanker ships in the Strait of Hormuz have resulted in the…
A new government code in Ireland will require motor insurers to provide explanations to policyholders for any increases in their premiums.

Damages from the Crans-Montana fire disaster are only partially covered by insurance, with insurers rejecting additional voluntary payments. A federal roundtable aims to find out-of-court solutions, but liability remains unclear.

Despite all crises, the two major DAX insurers Allianz and Munich Re present solid business figures. Shareholders should be pleased that dividends are again being significantly increased.

The Dutch Central Bank (DNB) believes that Dutch banks, insurers, and pension funds can significantly reduce their reliance on large American technology companies within five years, requiring increased investment from these institutions.

Chinese insurers providing electric vehicle (EV) policies are expected to achieve profitability this year, driven by increased premiums, smart pricing strategies, and more efficient claims processing.

Artificial intelligence could shake up car insurance stocks as autonomous vehicles become more ubiquitous, putting two stocks in the crosshairs.

2 More High-Profile Transgender Surgery Cases Head To Trial Authored by Darlene McCormick Sanchez via The Epoch Times (emphasis ours), Two high-profile “detransitioner” cases involving young women whose bodies were irrevocably altered as teens by transgender surgery are expected to go to trial in early 2027. Chloe Cole, an 18-year-old woman who regrets surgically removing her breasts, holds testosterone medication used for transgender patients, in Northern California on Aug. 26, 2022. John Fredricks/The Epoch Times Chloe Cole, who drew national attention after speaking out against subjecting children to gender-reassignment procedures such as hormones and surgeries, has an April 5, 2027, trial date, according to Mark Trammell, CEO of the Center for American Liberty, which represents several detransitioners. Cole and others, known as detransitioners, stopped or reversed a medical gender transition that they started earlier. She sued Kaiser Foundation Hospitals and other health care providers in California after receiving life-altering hormones and a double mastectomy when she was 15. “Kaiser has done everything in its power to keep Chloe out of a courtroom and to ensure that members of the press are not in the gallery,” Trammell told The Epoch Times. For Cole, getting a trial date signifies a victory after years of legal wrangling and delays, she told The Epoch Times via text. “After years of fighting for the voices of my generation to be heard, I’ve been given a date for trial. Every victim, every family who spoke up, every step in the culture, all led to this moment,” she said. “I’ve waited for my day in court, not just for my sake, but for that of every child who should’ve been protected from irreversible harm.” Kaiser Foundation Hospitals did not immediately respond to a request for comment regarding the lawsuit moving forward. However, the medical group told local news outlets in 2023 that it followed medical standards of “gender-affirming care.” Trammell also represents Luka Hein, whose case is expected to head to trial in early 2027. Hein’s Nebraska case names the University of Nebraska Medical Center Physicians, the Nebraska Medical Center, doctors, therapists, and others as defendants. Like others, Hein had both breasts removed in 2018, when she was 16, as the first step in her “gender-affirming care,” according to the lawsuit. Building Momentum Both medical malpractice cases could solidify gains made in the landmark Fox Varian v. Kenneth Einhorn case, which went to trial in New York last month. It marked the first time that a detransitioner case received a jury verdict. The Jan. 30 verdict held a surgeon and psychologist liable for malpractice surrounding the double mastectomy that Fox Varian received when she was 16. The jury found her psychologist, Kenneth Einhorn, and plastic surgeon, Dr. Simon Chin, liable for failing to communicate as required about Varian’s condition. One example was laid out in an October 2019 letter that Einhorn wrote to Chin in support of Varian’s surgery, which contained errors and omitted coexisting mental issues, including autism and depression. Chloe Cole stands near her home in Northern California on Aug. 26, 2022. John Fredricks/The Epoch Times The New York jury awarded Varian $2 million—$1.6 million for pain and suffering, and $400,000 for future medical expenses. The Fox verdict sent shockwaves through the gender medicine industry, while offering hope for other detransitioners. Trammell said that while medical negligence lawsuits aren’t new, those involving transgender medicine are. “How do you put a price tag on a young woman having her breasts amputated and potentially never being able to have a child?” he asked. The hope is that detransitioners will now see that they can win a legal victory. “I look at that as a tremendous, tremendous victory, not just for Fox Varian, but for other detransitioners who are maybe thinking about filing lawsuits,” he said. Chloe Cole holds a childhood photo in Northern California on Aug. 26, 2022. John Fredricks/The Epoch Times Trammell said that the success of medical negligence cases depends on establishing that doctors and hospitals failed to meet the standard of care. That’s why reviews of gender medicine, such as the recent one by the U.S. Department of Health and Human Services (HHS), are important, he said. That federal report rejected medical interventions for children with gender dysphoria, recommending therapy instead. The HHS report noted that evidence underpinning the alleged benefits of medical interventions in pediatric gender dysphoria was “very uncertain.” Trammell said the pediatric gender industry appears to be based more on politics than science. He pointed to European countries’ changing of their policies after studies showed problems with medical interventions for childhood gender dysphoria. The United States has lagged behind Europe in adjusting its approach to pediatric gender medicine, Trammell said. “It’s taken the U.S., unfortunately, years to even begin to catch up. And even still, there’s a ton of money and political power behind it,” he said. Tools for Justice Civil lawsuits can be tools for changing behavior on the market level, and the landmark Big Tobacco lawsuit settlement in 1998 is a case in point, Trammell said. “I think these cases uniquely present the opportunity to put an end to this barbaric industry because ... it’s driven by money and power,” he said. When doctors, hospitals, and insurers become financially liable for pediatric gender procedures, it will have a chilling effect, Trammell said. Chloe Cole speaks in support of the Protect Children's Innocence Act as Rep. Marjorie Taylor Greene (R-Ga.) looks on outside the U.S. Capitol in Washington on Sept. 20, 2022. Terri Wu/The Epoch Times Trammell said states have already helped protect vulnerable children by passing laws banning transgender-related hormone treatments and surgery for minors. However, state lawmakers could have a bigger impact by creating a carve-out on the statute of limitations for medical malpractice. In many states, lawsuits must be filed within two years of the alleged malpractice, but it can take children much longer to realize the harm they suffered. In Texas, 60 lawmakers signed a letter supporting a detransitioner’s case, heard on Feb. 11 by the Texas Supreme Court, that was originally dismissed based on the expiration of the statute of limitations. The state lawmakers vowed to support legislation next year to extend the statute of limitations for detransitioners. Soren Aldaco filed a lawsuit in 2023 asking for more than $1 million in damages, claiming that doctors pressured her into gender-reassignment procedures, gave her “life-altering” hormones at 17, and later “botched” a double mastectomy. Trammell said that at the very least, the statute of limitations on cases involving minors shouldn’t start until they turn 18. “They should have five to 10 years at least to be able to make those decisions for things that happen to them as 13-, 14-, 15-year-olds,” he said. Tyler Durden Tue, 02/17/2026 - 18:25
Cigna names company veteran Brian Evanko as CEO to succeed David Cordani, who has been in charge for 27 years.

The main source of concern is Tehran’s influence over shipping in the Strait of Hormuz
War risk shock: Insurers pull back as tankers pile up off Fujairah Khaleej Times
The funding would be used on tasks including adding more flood-protection infrastructure like dams or levees, and also for a property buyback program.

Brokers say cost of cover to increase by as much as 50% after conflict erupts
140,000 claims registered. Insurers' association points to an 80% deficit in risk coverage.

Insurers are warning about an under-reported scam where fraudsters, often through romance fraud, manipulate victims into staging car crashes and filing bogus insurance claims, extending the scope of typical romance fraud beyond just financial trickery.

Private health insurers in Australia have announced an average premium increase of 4.41%, though some insurers will raise their rates even higher, prompting advice on how to save money.


London insurers are reportedly unwilling to cover ships against Iran war risks, raising concerns about potential costs of major spills in the Gulf or Strait of Hormuz and the impact of sanctions on claims.


Skuld and Gard have decided to cancel war risk insurance for ships amid the Iran and Middle East Gulf conflict.


The Greek Minister of Health, Adonis Georgiadis, announced a freeze in cooperation between private insurance companies and the National Health System (ESY) in the health insurance sector.

Insurance companies are estimating 750 million euros in compensation payouts following 115,000 home, 13,000 commercial, and 9,500 car insurance claims, with a responsible party stating the costs are nearly comparable to those of the last 20 years.

Police in Ampelokipi-Menemeni, Thessaloniki, have solved six cases of fraud and one theft, where perpetrators impersonated accountants and insurers to extort money from victims.

A debate is ongoing in Germany regarding potential cuts to health insurance services, such as dental cleanings, due to an overloaded healthcare system, with health insurers and doctors expressing differing views.

Insurers are warning about a romance fraud scam where victims are manipulated into staging car crashes and filing bogus insurance claims, with cases believed to be under-reported.

Private health insurers have announced price increases, with an industry average hike of 4.41 percent, prompting advice for consumers on how to mitigate costs.