Sophia Langley

Last year, IBFutureFest attracted 727 people to the Santa Monica Pier for an event that mixed the energy of a festival with serious business talks. Attendees formed new connections, struck deals, and gave clear feedback—they wanted it bigger and better. Now, InsuranceFest 2026 is set to return to the same spot on July 16, expecting … Read more

A year after the record-breaking wildfires in Los Angeles in 2025, experts in reinsurance are warning that California’s wildfire risks have changed for good. They say insurance brokers should expect shifts in how carriers handle wildfire coverage, including changes in strategy, appetite, and pricing. New data from Gallagher Re reveals that wildfire losses covered by … Read more

Global reinsurance capital has climbed back above $700 billion after years of tough market conditions. This growth is driven by strong investor returns and steady inflows from insurance-linked securities. Alongside this, property catastrophe reinsurance rates have settled following sharp increases in the early 2020s, leading to more capacity and competition than risk managers have seen … Read more

A Michigan insurance company is pursuing nearly $940,000 from Samsung and Best Buy after a recalled electric stove allegedly caused a house fire in Ohio. Auto-Owners Mutual Insurance Company filed a lawsuit on January 28, 2026, in a federal court in Cleveland. The claim concerns a Samsung Electric Slide-In Range that reportedly turned on by … Read more

Two well-known insurance companies are facing off in a federal court over a dispute about who should pay first in a construction injury case. Travelers Indemnity Company filed a lawsuit against Erie Insurance Company on January 29, 2026, in the U.S. District Court for the Western District of New York. The case centers on an … Read more

Philip Mortimer, the chief financial officer of Heffernan Insurance Brokers, recently shared his journey to the top of the business in an interview. Recognized as part of the 2026 IBA Hot 100, Mortimer opened up about how he rose from humble beginnings to reach the executive level. He also discussed the steps he took to … Read more

USAA has scored a significant legal win after Florida’s Third District Court of Appeal overturned a class action certification against the insurer on January 28. The case involved USAA Casualty Insurance Company and USAA General Indemnity Company and centered on their responsibilities under Florida’s no-fault auto insurance law related to Medicare coordination. The lawsuit was … Read more

Surplus lines insurance in 15 key U.S. states saw a strong finish in 2025, with premium volume hitting $90.3 billion, according to the latest report from the Washington Surplus Lines Association (WSIA). This marks a nearly 8% jump from the previous year’s $83.8 billion and shows a notable increase in the number of policies written, … Read more

California’s FAIR Plan, an insurer of last resort, has seen a huge jump in its policies in recent years, sparking concerns among insurance trade groups and lawmakers. The plan now covers over 668,000 policies with an exposure value around $724 billion, according to Victoria Roach, the president of the FAIR Plan. These figures were shared … Read more

The US healthcare insurance market is feeling the squeeze again as prices go up and options shrink. Brett Pollak, senior managing director at Foundation Risk Partners, says the current situation looks a lot like what happened in the early 2000s. Providers are facing higher costs and fewer choices, making it tougher for them to find … Read more