Iran Warns Strait of Hormuz Is a ‘Red Line’ and Will Resist Until the End

Published on July 16, 2026

Iran said on Thursday that the Strait of Hormuz was an inviolable “red line,” warning that if U.S. President Donald Trump carried out his threat to attack Iran’s infrastructure, it would strike all infrastructure across the Gulf region. The U.S. …

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People Moves: MEMIC Expands Northeast Underwriting Team with New Hire Rutledge

July 16, 2026
The MEMIC Group, headquartered in Portland, Maine, hired Sean Rutledge to its Northeast underwriting team as a production underwriter. Based in Massachusetts, Rutledge will partner with agents and employers across Massachusetts, Rhode Island and Connecticut, specializing in small business accounts. …

Aviation claims costs up as MRO labour rates double pre-pandemic pace

July 16, 2026
A three-year index shows consistent year-on-year rises, with one engine type up 135% over seven years