Sophia Langley

The Trump administration’s recent decision to shut down the National Oceanic and Atmospheric Administration’s (NOAA) disaster database is raising alarms among insurers and climate experts. This database, which has been crucial for tracking severe weather events and their financial impacts, will no longer be available, leaving many in the insurance industry worried about how they … Read more

In a significant shift within the insurance landscape, a recent survey from Travelers reveals that nearly one-third of companies change their insurance brokers or carriers following mergers and acquisitions. This trend comes at a time when deal-making is booming again in 2025, as businesses reassess their insurance needs in light of new operations and risks. … Read more

Arthur J. Gallagher & Co. is making headlines with its impressive growth in the insurance industry. A new report reveals how the company has risen to become the third-largest insurance brokerage in the world. This detailed analysis sheds light on Gallagher’s journey from a lesser-known player to a dominant force in the market. The report, … Read more

The program insurance market is experiencing rapid growth, but signs suggest it may be entering a more uncertain phase. Rates are beginning to decline, while the pressure from litigation is increasing, making risks harder to predict. Despite ongoing investment and innovation, there is a growing concern about the sustainability of this expansion. At the 2025 … Read more

The insurance industry is seeing a significant change as agents adapt to new technologies. This shift is driven by the increasing use of artificial intelligence and digital tools, which are making many processes more efficient. However, these advancements are also prompting agents to rethink their roles and how they provide value to clients. Jack Ramsey, … Read more

Lincoln Financial Group has released its financial results for the first quarter of 2025, showing a mixed performance amid ongoing economic challenges. The company reported an adjusted operating income of $280 million, equivalent to $1.60 per diluted share. However, it also faced a significant net loss of $756 million for common stockholders, translating to $(4.41) … Read more

Oklahoma has taken a significant step in updating its insurance regulations with the passage of House Bill 1498. This new legislation introduces major changes to the state’s insurance code, focusing on data security and the regulation of prepaid funeral benefits. The bill is set to go into effect on November 1, 2025. One of the … Read more

Starwood Capital Group and Unum Group have made significant leadership changes that highlight their commitment to growth and innovation in the insurance sector. On May 9, 2025, Starwood Capital announced the appointment of Rob Allard as the chief investment officer for its new division, Starwood Insurance Strategies. This division aims to explore investment opportunities related … Read more

Florida has taken a significant step in the insurance landscape by passing new legislation that removes the requirement for agents to demonstrate diligent effort when placing policies in the non-admitted, or surplus lines, market. This change, enacted through House Bill 1549, aims to simplify the process for both agents and consumers seeking insurance coverage. Previously, … Read more

Workplace safety has come a long way in the last century, largely due to new technologies and a shift towards a service-oriented economy. However, mental health has become a crucial issue in workers’ compensation. As of January 2024, 31 states and the District of Columbia now allow workers to file claims for mental health conditions … Read more