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California Finalizes Long-Term Solvency Requirements for Insurers

California insurers will be required to assess how climate risks, artificial intelligence, cyber threats and other challenges could affect their financial strength over the coming decades. California Insurance Commissioner Ricardo Lara has finalized the Long-Term Solvency Planning Regulation, which also …

California Finalizes Long-Term Solvency Requirements for Insurers

We haven't written up this one. Insurance Journal has the full story — the link below goes straight to it.

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Kumiai Navigation takes delivery of LPG dual-fuel gas carrier

Singapore shipowner Kumiai Navigation’s new gas carrier from Kawasaki Heavy Industries (KHI) could later be converted to run on ammonia.

  • Kumiai Navigation receives 86,700-cbm Aurora Borealis from Kawasaki Heavy Industries.
  • Vessel can transport LPG and ammonia simultaneously in separate cargo tanks.
  • ClassNK approves ammonia fuel design concept for future operation.

The cost of almost: what trade at its full potential really means

At any given moment, thousands of vessels are at sea. Each voyage is shaped by a series of decisions: speed, route, fuel, vessel performance, timing and execution.

  • "Cost of almost" refers to unrealized possibilities in shipping operations
  • Improved decision-making and coordination can reduce unnecessary waste
  • Agentic AI should augment human expertise, not replace it

Vale freight, fuel hedges cushion impact of rising shipping costs

Brazilian miner Vale SA’s freight and fuel hedging strategies have protected the company from the worst impacts of higher shipping costs facing iron ore producers, CEO Gustavo Pimenta said.

  • Vale secures 75% of shipping costs via long-term fixed-price contracts
  • Shipping costs rose 21% YoY to $60.40 per metric ton in Q3
  • Hedging strategy projected to generate $3 billion in benefits over spot freight in 2026

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