[Iran Strike] KITA - Freight Rates Could Surge 50-80% if Strait of Hormuz Blocked

South Korea's trade association warns maritime freight rates could surge 50-80% if US-Iran tensions lead to Strait of Hormuz blockade, threatening critical oil imports and export logistics with potential shipping delays and insurance premium spikes affecting global supply chains.

Australian ASX shares fall on 20 February 2026 as oil prices rise and insurance costs go up

Why is the Australian stock market falling today? ASX shares are down on 20 February because of US-Iran tensions and rising insurance costs for families.

Morgan Stanley Says Tesla Secures Critical Key to Unlock Autonomous Driving

Morgan Stanley highlights Tesla's breakthrough as insurers begin to trust autonomous driving, with Lemonade offering 50% premium cuts for FSD users.

Fubon Hyundai Life Targets Profitability Turnaround by 2026

Fubon Hyundai Life Insurance aims to return to profitability in 2024 and achieve a full turnaround by 2026, following capital injections and improved insurance sales.

Stuff

Insurance Sector Launches Mutual Support Product Program—Initiatives to Roll Out in Eight Local Governments

South Korea’s insurance sector will partner with eight local governments to fully subsidize key insurance premiums for low-income households, aiming to ease financial pressures amid inflation and economic slowdown.

[Lee Yun-gu's Free Kicks] Insurance Premium 'Tsunami' Looms for Next Year

South Korea faces a surge in insurance premiums next year as lower benchmark rates and rising loss ratios drive up costs, putting further strain on household finances.