Insurance Rates Surge in Red Sea Following Fatal Ship Attacks

Aqaba on the Gulf of Aqaba, leading into the Red Sea are synonymous with the ancient spice trade that brought traders from around the globe via the Spice Route through Jordan and beyond. Today it is a thriving port and tourist centre featuring much of the traditional Arab architecture and modern day marinas, apartments, villas and of course the container port that continues to attract global custom

The cost of insuring commercial vessels transiting the Red Sea has more than doubled in recent days following deadly maritime attacks by Yemen’s Houthi forces, according to multiple industry sources.

Flooding Is Not Just a Coastal Threat

Struggling to keep his head above water in the strong current, a wild armadillo swims the heavily flooded and muddy Little Bear Creek after two days and nights of heavy November rains in the suburb of Colleyville, in Dallas Texas.

Flooding is often associated with coastal or high-risk areas, but recent events continue to show it can happen virtually anywhere.

U.S. Home Insurance Rates Climb Over 40% in Six Years

Neighborhood - New Homes - Sunset - North Carolina - Wide Angle

Homeowners across the U.S. have seen home insurance premiums rise significantly in recent years, with a LendingTree analysis of RateWatch data from S&P Global reporting a cumulative increase of 40.4% between 2019 and 2024.