Sophia Langley

Federal meteorologists have issued a warning about a potentially busy Atlantic hurricane season in 2025. They expect a higher chance of frequent and intense storms this year. The National Oceanic and Atmospheric Administration (NOAA) announced that there is a 60% likelihood that storm activity will exceed the usual seasonal average. They predict between 13 and … Read more

Insurers often view affordable housing as a risky investment, even when properties meet safety codes and are well-kept. This misjudgment leads to higher insurance costs, which can threaten the financial stability of affordable housing projects. Nathan Kerr, a broker with 25 years at Scott Insurance, is working hard to change this perception. As insurance premiums … Read more

Concerns about tariffs are growing, and they are affecting more than just the prices of goods. Businesses are feeling the pressure on their supply chains, and this is impacting how they manage their workforce. As tariffs rise, companies face higher costs, which can lead to changes in labor practices and increased risks for workers. For … Read more

CFC has introduced an important update to its Cyber Proactive Response (CPR) coverage, now offering insurance policies specifically designed for the digital health, fintech, and technology sectors. This change, which took effect recently, replaces older cyber policy terms with new CPR wording aimed at addressing the unique challenges these industries face. Tim Boyce, the deputy … Read more

As the 2025 hurricane season approaches, the U.S. property insurance market is showing signs of cautious hope. Industry leaders are balancing the need for recovery with the reality of potential natural disasters that could strike again this year. After several years of rising premiums and limited options, policyholders are now experiencing a more favorable environment. … Read more

In the face of rising medical malpractice claims, excess and surplus (E&S) insurance companies are stepping up to fill a growing gap in healthcare liability coverage. With traditional insurers pulling back, especially from high-risk areas, E&S carriers are using innovative data analytics to assess and underwrite risks that others might avoid. The situation is pressing. … Read more

Verizon’s recent acquisition of Frontier Communications has received the green light from the Federal Communications Commission (FCC). This $20 billion deal is significant as it allows Verizon to enhance and expand Frontier’s broadband network across 25 states. However, the deal comes with a notable condition: Verizon has agreed to end its diversity, equity, and inclusion … Read more

In the latest edition of the environmental insurance power panel, experts from leading firms WTW, Lockton, and Gallagher gathered to discuss pressing issues in the field. The panel, held in the second quarter of the year, focused on trends in claims, coverage challenges, and disputes with insurance carriers. The discussion highlighted how the environmental insurance … Read more

State Farm is pushing for a significant increase in homeowners’ insurance rates in California. Just a week after receiving emergency approval for a 17% interim hike, the company filed for an additional 11% increase. If the new request is approved, it will take effect in 2026, adding to the already rising costs for renters and … Read more

Exporters around the world are changing their strategies as they face uncertainty in trade policies. A recent survey by Allianz Trade reveals that many businesses are feeling the pressure from shifting tariffs and currency fluctuations. The 2025 Allianz Trade Global Survey gathered insights from 4,500 companies in nine major economies, highlighting a significant drop in … Read more