Insurance — Geopolitical Risks Reshape Marine Insurance as US Launches Hormuz Coverage Program; Multiple Class Actions Target Insurance Industry Standards

Insurance · 2026-03-28

Today's developments reveal a significant reshaping of marine insurance dynamics amid escalating Middle East tensions, while domestic insurance practices face mounting legal scrutiny. The US Treasury's imminent launch of a Strait of Hormuz insurance program signals a major government intervention in commercial marine coverage, addressing critical gaps in global shipping protection.…