Sophia Langley

Several major updates shook up the leadership teams at some of the biggest U.S. insurance companies this week. Frankenmuth Insurance announced that Andy Knudsen, their president and chief operating officer, will retire at the end of this year. Knudsen spent over 30 years in the insurance industry and 13 years with Frankenmuth. He started there … Read more

Insurers and reinsurers are starting to offer coverage specifically for mistakes made by artificial intelligence (AI) screening tools used in the lending industry. This new type of insurance focuses on protecting lenders from losses when AI models wrongly predict borrower risk, leading to higher-than-expected defaults. The coverage targets what are called “excess errors” — cases … Read more

Miami-based JAB Insurance is set to buy Utmost Group’s UK Life and Pensions business (ULP), a closed-book operation managing over £5 billion in assets and serving nearly 290,000 pensioners. The deal is expected to finalize in the first half of 2026, pending regulatory approvals and standard closing conditions. ULP works mainly in the UK bulk … Read more

A Florida appeals court has ruled against Citizens Property Insurance in a dispute over an assignment of benefits, finding that the assignment agreement met state legal requirements. The ruling came from the Fifth District Court of Appeal on December 19, 2025, in a case involving homeowner John Fortner and The Kidwell Group, which operates as … Read more

Kentucky’s highest court has ruled in favor of Westport Insurance in a dispute over coverage related to a wrongful conviction case. The court decided that Westport’s law enforcement liability policies, which are based on occurrences during the policy period, only trigger coverage when charges are filed—not during the time of incarceration that follows. This ruling … Read more

A Michigan appeals court has stepped in to clarify who should decide if old no-fault arbitration demands are too late, siding with arbitrators instead of trial judges. This ruling breathes new life into a long-standing dispute involving Citizens Insurance Company of America and the Estate of Abdel M. Bazzy. The legal backstory dates to a … Read more

The home insurance market in the United States showed signs of calming down in 2025 after years of sharp premium hikes, according to a recent report by insurtech company Matic. The average cost for a new home insurance policy rose by 8.5% compared to the previous year, a slower climb than the 18% jump seen … Read more

Sibelco North America has filed a lawsuit against Zurich American Insurance Co., seeking over $130 million in damages following Hurricane Helene. The mining company claims the insurer failed to cover property damage and business losses sustained during the storm, which hit North Carolina in late September 2024. Hurricane Helene struck the Spruce Pine area on … Read more

Washington state is facing ongoing heavy rain and flooding caused by a powerful atmospheric river and winter storm. As the weather takes its toll, insurance experts are warning homeowners and agents about the risks of lacking flood coverage. Trevor Burgess, CEO of Neptune Flood Insurance, says many agents make a big mistake by not offering … Read more

Health and technology risks are no longer sidelined concerns in the corporate world. Recent findings from a World Economic Forum survey reveal that leaders from major economies are increasingly worried about issues like declining health, misinformation, and the impact of artificial intelligence. This shift marks a big change in how companies see and respond to … Read more