Sophia Langley

Global marine insurance premiums reached a record $39.92 billion in 2024, marking a growth rate of 1.5%. This is a noticeable slowdown compared to the 5.9% growth in 2023 and 8.3% growth the year before, according to the International Union of Marine Insurance (IUMI). Despite this slower pace, competition in the industry is heating up, … Read more

In 2024, the FBI’s Internet Crime Complaint Center received over 859,000 reports of suspected internet crimes, with losses exceeding $16 billion—a 33% jump compared to the previous year. As cyberattacks grow more frequent and sneakier, experts agree that a solid defense system is crucial. But this defense can’t just be simple; it needs to be … Read more

War risk insurance rates for ships passing through the Black Sea have risen following recent attacks on two oil tankers headed for a Russian port. The incidents, involving Ukrainian naval drones, have made insurers and charterers rethink risks and prepare for possible further disruptions. Insurers now charge about 0.5% of a vessel’s value for a … Read more

Allianz, one of the world’s biggest insurance companies, plans to cut between 1,500 and 1,800 jobs in its travel insurance division over the next year to year and a half. Most of these cuts will hit call center staff who handle customer inquiries and claims over the phone. The move comes as Allianz Partners, the … Read more

Florida’s home insurance market is always changing, especially with the state’s weather risks like hurricanes and floods. To help brokers and homeowners, here’s a clear look at the top ten home insurance companies in Florida for 2025. These companies have strong market shares and offer different options to protect your home and belongings. At the … Read more

Steadfast Group has made a surprising move by cutting its chief operating officer role just months after Noelene Palmer was promoted to the position. This change comes after a confidential workplace complaint investigation that involved CEO Robert Kelly. Palmer, who joined Steadfast in 2024 and had a strong background working with major companies like IAG, … Read more

State Farm faced a big legal setback in a case tied to a fire that destroyed a building in August 2015. The ruling, handed down by the Appellate Division, Second Department on November 26, 2025, highlights a tricky legal pitfall in insurance recovery efforts when multiple parties are involved. Here’s what happened: New Age Management, … Read more

Florida lawmakers have introduced a bill aiming to make sure that robots don’t make the call when insurance claims get denied. House Bill 527, brought forward by Representative Hillary Cassel on November 24, 2025, would require a real person—a qualified human professional—to make every claim denial in the state. The bill is set to start … Read more

Progressive Insurance is refusing to cover a Maryland daycare facing serious child sexual abuse claims. The company says its commercial auto policies were never meant to protect businesses from such harm. On November 24, Progressive asked a federal court in Maryland to end its relationship with Lil Kidz Kastle Day Care Center. This request comes … Read more

Airlines around the world have started grounding thousands of Airbus A320 planes after the manufacturer ordered an urgent software fix. This unexpected recall affects over half of the global A320 fleet, making it one of the largest in Airbus’s history. The move has caught the attention of aviation insurers, who are already dealing with tough … Read more