Sophia Langley

Hurricane Erin is causing major disruptions along the Atlantic coast as it moves slowly northward. The storm, which was once a powerful Category 5 hurricane, has weakened but still packs sustained winds of 110 to 115 mph. Although it is expected to remain offshore, its effects are being felt far and wide, particularly in North … Read more

In a recent video feature, top executives from the insurance industry discussed the challenges that are preventing companies from embracing digital transformation. The conversation highlighted various barriers that insurers face in adopting new technologies and innovative practices. One of the key issues raised was the resistance to change within established organizations. Many companies struggle to … Read more

In the latest edition of the Property Insurance Power Panel, experts from major firms like Lockton, EPIC Insurance Brokers, and Gallagher shared insights on the evolving landscape of commercial property insurance. They discussed how insurance carriers are changing their underwriting criteria, the impact of rising material costs, and what this means for deductibles. The panel … Read more

A group of major insurance companies has filed a lawsuit against a Michigan medical network, claiming it has been involved in a large-scale scheme to defraud them through false no-fault insurance claims. The lawsuit, initiated by Liberty Insurance Corporation and its affiliates, was submitted to the United States District Court for the Eastern District of … Read more

A recent study from the University of Alabama has revealed that homes built to specific fortified standards can significantly reduce damage during severe weather events. The research found that these homes, constructed according to guidelines from the Insurance Institute for Business and Home Safety (IBHS), saw a drop in claims severity by 15% to 40% … Read more

AXIS Capital has announced that Matthew Kirk will take over as Chief Financial Officer starting in March 2026. This change is part of a planned leadership transition at the company. Kirk will replace Peter J. Vogt, who will stay on as a strategic advisor until the end of 2026 to help with the transition. Currently, … Read more

Vortex Weather Insurance has launched a new product called RainSure, designed to provide parametric rain coverage for event organizers. This innovative insurance pays out for every measurable increment of rainfall, starting at just 0.01 inches, allowing policyholders to select a payout threshold that suits their needs. This approach means that even light rain can trigger … Read more

A union representing plumbers in New York is suing Philadelphia Indemnity Insurance Company for nearly $175,000. The lawsuit, filed on August 12, 2025, claims that the insurance company has not paid contributions owed for work done on a courthouse project in Nassau County. The trustees for the benefit funds of Plumbers Local Union No. 200 … Read more

Ohio Security Insurance Company is in a legal battle after claiming that an employee from a Florida law firm misdirected a settlement payment. The insurer says it made two payments because the first was allegedly sent to the wrong account. The situation began when Ohio Security issued an insurance policy to Praters Insulators, LLC. This … Read more

Ascot Group has introduced a new product called Prime Propel, aimed at contractors in the construction industry. Launched on August 15, 2025, this product combines professional and environmental liability coverage. It is designed to help contractors manage risks related to both environmental issues and professional errors. Prime Propel targets various types of contractors, including general, … Read more