Sophia Langley

Federal Life Insurance Company has officially acquired Texas Service Life Insurance Company. The deal, backed by Bain Capital, was completed recently, although the financial details of the acquisition have not been disclosed. Knut Olson, the CEO of Federal Life, shared his thoughts on the acquisition, emphasizing that it highlights the importance of pre-need insurance products … Read more

Missouri lawmakers are discussing a new bill that could help homeowners and renters dealing with the fallout from severe weather. This proposed legislation, introduced during a special session, aims to provide tax deductions for the deductibles paid on home insurance to cover storm damage repairs. The bill is part of a larger agenda that also … Read more

Standard Insurance Company, known as The Standard, has appointed Nicola Barrett as its new second vice president and actuary. This announcement comes as part of the company’s efforts to enhance its risk management and governance strategies. Barrett will play a key role in developing and implementing frameworks that govern actuarial practices and enterprise risk management. … Read more

As hurricane season kicks off, Allstate is ramping up its efforts to help Americans prepare for severe weather. The company has found that nearly two-thirds of families in the U.S. do not have a disaster plan in place, which is concerning given the increase in frequency and intensity of storms. In 2025 alone, Allstate has … Read more

A major storm swept through parts of the Midwest this week, bringing heavy rain, strong winds, and even tornadoes to several states. The storm struck on Tuesday evening, causing significant damage and prompting emergency responses across the region. Illinois was one of the hardest-hit areas. In the town of Naperville, residents reported downed trees and … Read more

As cyber threats continue to rise, the demand for cyber insurance is also increasing, but this growth is not consistent across the globe. On June 6, 2025, Alessandro Lezzi, the group head of cyber at Beazley, shared insights on the current state of the cyber insurance market, highlighting the disparities in coverage among different regions … Read more

Insurance Business America is reaching out to professionals in the field to gather insights on the current state of professional liability coverage. They are particularly interested in hearing from brokers about their experiences with today’s policies and the quality of service provided by insurers. With numerous options available in the market, the organization is asking … Read more

A recent survey by Gallagher has revealed that U.S. business owners are increasingly worried about various risks that could impact their operations in the coming year. Conducted with 1,000 business owners, the survey highlights significant concerns over cyberattacks, supply chain disruptions, and severe weather events. According to the findings, 72% of respondents expressed fears about … Read more

As the workforce in America ages, employers are facing new challenges related to workplace injuries and their costs. Older workers, who often bring valuable experience and reliability, also come with increased risks of serious injuries and longer recovery times. This shift is prompting businesses and insurers to rethink how they handle workers’ compensation claims. Experts … Read more

The program distribution landscape is changing, with traditional retail and wholesale channels increasingly merging into program distribution. This shift is driven by new fronting carriers seeking efficient ways to deploy their resources. Chris Pesce, president of One80 Programs at One80 Intermediaries, noted that the growth in this sector is expected to continue. In a recent … Read more