Sophia Langley

Flood risks are growing fast in the U.S., and many commercial property owners may not be fully prepared. Flood damage costs now average $32.1 billion a year and are expected to rise to $40.6 billion by 2050, according to a 2022 study from the University of Bristol. This is a worrying trend for businesses who … Read more

The US homebuilding market is set to grow in 2025, but the way homes are being built and the types of buyers involved are changing. Instead of large, customized homes, builders are focusing more on smaller, affordable houses aimed at first-time buyers. Chadd Folkes, CEO of Risksmith Residential Solutions, says younger buyers want homes that … Read more

Nineteen former top executives and directors of Credit Suisse have agreed to pay $115 million to settle claims from shareholders. The shareholders said these leaders’ poor risk management led to big losses for the bank, particularly linked to the fallout from Archegos Capital Management in 2020 and 2021. This massive financial hit was one of … Read more

Climate change is no longer just an environmental issue; it’s a growing challenge for businesses around the world. Extreme weather events like wildfires, hurricanes, and floods are causing disruptions in industries and supply chains. At the same time, new regulations are pushing companies to understand and manage climate-related risks that could impact their finances and … Read more

European leaders and the aviation industry are raising concerns after a plane carrying the European Commission president, Ursula von der Leyen, was forced to land in Bulgaria without GPS assistance due to suspected Russian interference. The incident happened as the jet approached Plovdiv on a recent Sunday, with electronic guidance systems failing and the crew … Read more

Steadfast Group is making a big move to grow its presence in the US by buying a majority stake in Novum Underwriting Partners, a specialty underwriting agency and wholesale brokerage based in Ohio. This step is part of Steadfast’s plan to expand globally and offer more to its broker network and clients. Novum, founded in … Read more

Employers across the U.S. are asking more from their insurance brokers than ever before. According to Zywave’s 2025 Broker Services Survey, companies want brokers to step up and act as trusted advisers on risk, not just people who provide insurance quotes. The survey, which gathered responses from nearly 900 employers, shows that most are happy … Read more

A $27 million legal battle over a fire insurance claim between Maxus Metropolitan and Travelers Property Casualty Company has caught the attention of the commercial insurance world. The dispute centers on a 2018 fire that severely damaged a large apartment complex in Birmingham, Alabama. In September 2018, a fire swept through the Metropolitan apartment complex, … Read more

In 2025, commercial truck fleet operators across the United States are growing increasingly frustrated with how insurance claims are handled, according to a recent report. The 2025 Claims Experience Report reveals that 88% of those surveyed believe the claims process needs serious improvement. Even though many industries have embraced new technology, many fleet operators feel … Read more

Employment practices liability insurance (EPLI) has come a long way from being a rarely considered option to a necessary protection for businesses of all sizes. Tokio Marine HCC – Cyber and Professional Lines Group (CPLG), based in Houston, Texas, is leading the charge to make EPLI a top priority for franchises and other companies alike. … Read more