Red Sea crisis: Why insurers find pricing in marine risk a hard row to hoe.

As the Red Sea crisis continues, bringing back the memories of 2021 when the Suez Canal was blocked for days after a container vessel ran aground, shipping companies across the globe are once again grappling with soaring costs. Premiums for marine insurance, which covers risks associated with the transportation of goods through the seas or other navigable waters, have shot up as tensions continue to brew over the vital shipping lane that carries