Sophia Langley

The US pension risk transfer (PRT) market took a significant hit in the second quarter of 2025, with new premiums plunging 64% to just $4.1 billion, according to LIMRA’s latest Group Annuity Risk Transfer Sales Survey. This sharp decline is part of a broader slowdown that has seen a 56% drop in total PRT sales … Read more

California Governor Gavin Newsom is reviewing a new bill that could make the state the first in the country to have a publicly accessible wildfire catastrophe model. Known as Senate Bill 429, the proposal aims to improve how wildfire risks are assessed and how insurance is regulated in California. Currently, insurance companies with significant business … Read more

Insurance is facing a lot of change these days, and professionals in the field are being asked to do more than just sell policies. They need to help businesses plan for the future, handle risks, and find ways to grow. One expert leading the way in this shift is Ben Wright, the principal US economist … Read more

Driverless trucks are now a reality, running on long-haul routes and changing how insurers think about risk in commercial transportation. Patrick Thomas, managing partner for the Southwest Region at Acrisure, says this shift brings new challenges and questions for the insurance industry. One big concern is the quality and upkeep of the trucks themselves. While … Read more

In April 2025, the UK’s Co-operative Group, a well-known retailer with over 2,000 food stores and a presence in insurance and funeral services, faced a serious cyberattack that shook the retail sector. The company caught the breach early and acted quickly by shutting down parts of its IT systems to stop the threat. This move … Read more

Humana has been ordered to pay over $32 million in legal fees following its $90 million settlement in a federal False Claims Act case. The settlement resolved allegations that Humana inflated bids submitted to the Centers for Medicare & Medicaid Services, leading to significant overcharges to the government. The lawsuit, which started in 2016, accused … Read more

South Korea’s DB Insurance is making a big move into the U.S. market by agreeing to buy Fortegra, a specialty and warranty insurance group, for $1.6 billion. This purchase marks DB Insurance’s largest investment outside Korea and is a major step in expanding its business overseas. The deal values Fortegra at about 0.83 times its … Read more

The Fédération Internationale de l’Automobile (FIA), which oversees Formula 1 and other motorsports, has set up a new task force to tackle soaring insurance costs that are hitting the sport hard. Announced by FIA President Mohammed Ben Sulayem, the group aims to find ways to make insurance more affordable and keep motorsport accessible at every … Read more

Leslie Nylund, national managing director at The Baldwin Group, says that trust is the foundation of successful relationships between brokers and insurance companies. Speaking on September 24, 2025, Nylund emphasized that this trust remains important no matter how the market changes, whether it’s hardening, softening, or swinging between the two. At Baldwin, the team refers … Read more

Catherine Marincel, senior vice president at Berkshire Hathaway Specialty Insurance, is highlighting a growing issue in the insurance world: many young professionals are strong with technical skills but lack important soft skills. She will lead a discussion on this topic next month at the Women in Insurance Summit in New York. Marincel explained that while … Read more