Sophia Langley

Cyber risks are changing quickly, but for many small and mid-sized businesses, cyber insurance isn’t keeping up. Brian Clifford, president of the West Region and executive risk at Highstreet Insurance Partners, shared his thoughts on this challenge in an interview. He said the industry still struggles to bring clear and urgent solutions to these smaller … Read more

Bill Ackman is making a big move to reshape Howard Hughes Holdings, the Texas-based real estate firm, by stepping into the insurance world. He has agreed to buy Vantage Risk, a property and casualty insurer based in Bermuda, for $2.1 billion. This deal is part of his plan to build a company similar to Berkshire … Read more

Mark Bennett, chief growth officer at ACORD Solutions Group, says that in the insurance industry, culture is often the biggest barrier to digital change—not technology itself. While old systems and technical debt do create challenges, it’s the resistance inside companies that really slows progress. Many insurers still use systems that are 20 to 30 years … Read more

Bonus payouts in the US are becoming less common and smaller, even though many workers expect them to grow. A recent report from ADP looked at six years of payroll data and found that the median bonus amount dropped to $1,786 in 2024 from $1,857 in 2023. Meanwhile, fewer employees received bonuses last year, with … Read more

In a recent edition of Insurance Business TV, Lori Marino from CFC shared her thoughts on how artificial intelligence is changing the insurance world, especially in distribution and underwriting. She highlighted the benefits that Managing General Agents (MGAs) have and explained why the Excess & Surplus (E&S) market often leads ahead of the traditional admitted … Read more

Foss Maritime is suing three insurance companies in federal court over unresolved claims related to damage to tugboats. The dispute centers on four tugs that experienced serious mechanical problems, leading to costly repairs that the insurers have not fully covered. On December 11, 2025, Foss Maritime Company, LLC, and Northwest Tug Leasing, LLC filed a … Read more

Cyber insurance is gaining attention again as cyberattacks continue to rise across Europe. Patricia Kocsondy, head of global cyber digital risks at Beazley, highlighted recent large-scale breaches affecting airports, major retailers, and even Jaguar Land Rover, which needed a £2 billion loan guarantee from the UK government to stay afloat. But she also noted a … Read more

Michael Lent from Sedgwick recently shared his insights on how the insurance industry is responding to the growing impact of natural disasters. Having witnessed the effects of these catastrophic events up close, Lent talked about the important lessons the industry has learned and the key events that shaped these changes. Natural catastrophes have been causing … Read more

Extreme weather is hitting harder and more often these days, and that’s causing big problems for insurers and reinsurers. The first half of 2025 was the second most expensive period on record for weather-related damage in the U.S., with California wildfires and powerful storms leading to huge losses. Traditional risk models, which rely mainly on … Read more

Cyber insurance premiums have dropped from their peak levels seen between 2020 and 2022, but the pressure from rising claims continues. Experts warn that the recent softening in the market might not last long and could soon shift back. Mickey Estey, executive vice president at RT Specialty, said while claims like data breaches and ransomware … Read more