Sophia Langley

Personal auto insurance is still more affordable than it was in the mid-2000s, despite some recent increases in premiums due to inflation. This is according to a new study from the Insurance Research Council (IRC), which is part of The Institutes. The study, titled "Auto Insurance Affordability: Countrywide Trends and State Comparisons," shows that from … Read more

As 2024 begins, the U.S. insurance market is showcasing impressive resilience. The top 20 insurers by market capitalization have reported strong profits in the first three quarters of the year. This report outlines key trends influencing the industry and offers insights for both insurers and brokers. The property and casualty (P&C) sector is thriving, with … Read more

HDI Global Insurance Company (HGIC), the U.S. branch of HDI Global, has chosen Guidewire’s PolicyCenter to manage its policy administration and underwriting. This decision marks a significant step for HGIC as it aims to enhance its operations. The new system will be implemented on Guidewire Cloud, starting with general liability lines. Ernst & Young LLP … Read more

Minnesota is considering a new plan to help low-income drivers get affordable car insurance. The proposed program, called the Minnesota Lifeline Insurance Program, aims to provide state-run coverage for those who struggle to pay for traditional insurance. This initiative is currently under review and could significantly change how auto insurance works in the state. The … Read more

American National Insurance Company has announced it will stop selling new life insurance policies. This decision comes as the company shifts its focus to other areas of its business, such as annuities, pension risk transfer, and property and casualty insurance. The last day to submit applications for new life insurance policies will be May 31, … Read more

State Farm has reported significant financial losses due to the devastating wildfires that swept through Los Angeles in January 2025. The company has paid out $2.45 billion across more than 12,200 claims related to these fires, which began on January 7 and caused extensive damage to properties in the area. As California’s largest homeowners and … Read more

Generative artificial intelligence (Gen AI) is making waves in the investment world. As of March 2025, this technology has attracted a staggering $56 billion in global venture capital funding, showing a strong growth trend from the previous year. Investors are eager to tap into the potential of Gen AI, but the excitement comes with its … Read more

The environmental insurance market is facing a significant challenge. Despite a long history of high supply, many businesses are still unable to secure the coverage they need. This issue has become increasingly pressing as the demand for environmental insurance grows due to evolving risks. According to industry experts, about 80% of companies do not purchase … Read more

For small businesses, finding affordable workers’ compensation insurance can be quite challenging, especially in high-risk industries. Katherine Antonello, the president and CEO of EMPLOYERS, believes that while options might seem limited, they are not as scarce as many think. She emphasizes that there are carriers focused on high-risk industries that have the expertise and resources … Read more

Insurance Business America recently released its 2025 report on the best wholesale brokers and managing general agents (MGAs), highlighting a significant trend in the insurance industry. The report shows that more retail brokers are turning to wholesalers and MGAs for their business needs. This year, 33% of brokers reported that they conduct over half of … Read more