Sophia Langley

Lockton, Inc., a major independent insurance brokerage, has announced impressive global revenues of $4 billion for the fiscal year ending April 30, 2025. This marks the fifth year in a row that the company has achieved double-digit organic growth. The firm credits this success to its commitment to clients and its focus on organic growth. … Read more

In a recent episode of Insurance Business TV’s Big Question series, industry experts gathered to discuss how client expectations are changing in the insurance sector. The conversation highlighted the growing demands of clients and the efforts being made to meet those needs. The episode features insights from various professionals who shared their perspectives on the … Read more

A recent decision by a California appellate court has overturned a workers’ compensation ruling involving DPR Construction and its insurer, National Union Fire Insurance Company. This ruling, made public on June 11, 2025, serves as a crucial reminder for insurers about the importance of following procedural rules in claim disputes. The case revolves around Alonzo … Read more

USAA is making a significant move by purchasing a new office building in Chesapeake. The company has acquired a larger space at 1341 Crossways Blvd., which is just a short drive from its current location. This new facility, covering nearly 200,000 square feet, will help USAA expand its operations and is expected to create over … Read more

United Risk Global and Applied Underwriters are making big changes in their leadership as they continue to grow internationally. This announcement comes on June 13, 2025, highlighting the company’s ambitious plans since its founding. Richard Christofer has been promoted to president and chief commercial officer. He will lead the recruitment of new underwriting programs and … Read more

New data from the LexisNexis US Auto Insurance Trends Report shows significant changes in the auto insurance market. Released on June 13, 2025, the report reveals a rise in driving violations, shifting consumer behaviors, and a slow recovery in profitability for insurance companies. Driving violations have surged by 17% compared to last year, exceeding levels … Read more

Munich Re Specialty–North America (MRS-NA) has launched a new business line focused on life science liability insurance, which aims to strengthen its presence in the growing healthcare and biotechnology sectors. This announcement was made on June 13, 2025, and reflects the rising demand for specialized coverage among companies in the life sciences field. The new … Read more

A recent analysis of insurance companies in the United States has revealed some surprising trends in how they manage their reserves. The study, which focused on the top 20 insurers based on their reserve-to-paid-loss ratio, found that 45% of these companies are taking a conservative approach to reserving. In contrast, 30% are being more aggressive, … Read more

Ransomware attacks are becoming more common and sophisticated, but the response from the insurance industry is changing. As of June 2025, experts are noticing that while the number of cyber incidents is rising, fewer companies are actually paying ransoms. This trend indicates that businesses are improving their cybersecurity practices and resilience. Insurance providers are evolving … Read more

Professional liability insurance is becoming more complicated, with the lines between different types of coverage starting to blur. This shift presents both opportunities and challenges for businesses. Jacqueline A. Waters, a managing director at Aon, highlights that the traditional way of thinking about insurance coverage is outdated. Waters points out that in smaller and mid-sized … Read more