Sophia Langley

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

Texas is becoming a key player in the excess and surplus (E&S) insurance market as the U.S. faces an increase in catastrophic events. According to Chris Davis, writing for Insurance Business, the E&S market in the U.S. saw a significant growth of 19.2% in 2022, reaching $98.5 billion in direct premiums. Texas stands out as … Read more

Real estate investors are becoming a significant force in the housing market, making up nearly 15% of all home buyers. This increase in investor activity is creating a greater need for specialized insurance advice and solutions tailored to their unique situations. As the market continues to grow, insurance providers are recognizing the importance of offering … Read more

Insurance Business has announced the top wholesale brokers and managing general agents (MGAs) in the United States for 2025. This recognition comes as retail insurance brokers are increasingly collaborating with these wholesale partners to enhance their service offerings. According to a recent survey by Insurance Business America (IBA), 33% of brokers reported that they conducted … Read more

In 2025, businesses involved in digital assets are facing new compliance challenges due to evolving regulations in the United States and the European Union. As these frameworks develop, companies must adjust to new rules that impact how they operate in the digital asset space. The European Union has introduced the Markets in Crypto-Assets Regulation (MiCAR), … Read more

The insurance industry is facing a significant challenge as many experienced professionals prepare to retire. This wave of retirements, often referred to as the “silver tsunami,” is expected to leave over 400,000 positions open in the next 15 years. A recent report from Lightcast highlights that half of the current insurance workforce will retire, creating … Read more

The insurance industry is facing a crucial moment as it increasingly turns to artificial intelligence (AI) tools. Dan Schreiber, the CEO of Lemonade, spoke about this shift during his keynote address at Insurtech Insights Europe in London on March 24, 2025. He emphasized that insurance companies need to embrace AI fully or risk falling behind. … Read more

In a recent discussion, experts Jim Dunlap from WTW and Chase Johnson from Lockton gathered for the first Construction Insurance Power Panel of 2025. They focused on the current state of construction insurance, particularly the capacity and interest of insurance carriers. This insightful conversation also touched on the scrutiny of contracts and the importance of … Read more

Property insurance is starting to improve in many parts of the US, offering new growth opportunities, according to Gordy Bunch, CEO of The Woodlands Financial Group (TWFG). During the company’s recent earnings call, Bunch highlighted that while some regions are seeing better conditions, California continues to face significant challenges. Bunch pointed out that the property … Read more

The Life Insurance Consumer Advocacy Center (LICAC) has taken legal action against the California Department of Insurance (CDI) over claims that the department is not sharing consumer complaint data. This lawsuit, filed on March 21, 2025, alleges that the CDI has been unresponsive to multiple requests for this information. LICAC argues that the CDI initially … Read more