Sophia Langley

Insurance Commissioner Patty Kuderer’s proposal to study the use of credit scores in insurance underwriting is set to move forward, despite not passing during Washington’s recent legislative session. The study will now be included in the state budget, allowing it to proceed. This proposal aims to investigate whether credit-based insurance scores unfairly impact certain policyholders … Read more

Life insurance attorney Christian Lassen is raising alarms about what he calls a troubling trend in the industry: delays in life insurance payouts. These delays, he says, are leaving grieving families in a tough spot, waiting for money that should be theirs. Lassen, who leads The Lassen Law Firm and specializes in life insurance cases, … Read more

Thrivent Financial for Lutherans is set to make a significant move in 2025 by hiring nearly 600 new financial advisors. This plan aims to boost their advisory workforce at a pace that outstrips the average growth seen in the industry. Thrivent is targeting a 2% increase in its advisor staff, while the industry has only … Read more

Market changes in the U.S. are causing a surge in trading activity, which is raising concerns about operational risks for asset managers. These fluctuations stem from rapid shifts in trade and tariff policies, leading to an increase in trading errors. Tim Sullivan, an expert in asset management at WTW, highlights the link between this market … Read more

Connecticut’s insurance landscape is undergoing significant changes as PHL Variable Insurance Company prepares for a potential sale. Andrew Mais, the state’s Insurance Commissioner, recently shared that most preparations for this sale have been completed, although the process has taken longer than anticipated. In a status report dated May 20, 2025, Mais indicated that the necessary … Read more

Ryan Specialty has appointed Brad Storey as the new president of the Irwin Siegel Agency (ISA), effective immediately. This agency is known for its focus on the social service sector and operates under Ryan Specialty Underwriting Managers (RSUM). Storey has been with ISA for over 17 years, having joined the agency as the director of … Read more

UnitedHealth Group is facing serious allegations regarding its treatment of elderly patients, particularly those in nursing homes. A whistleblower complaint claims the company prioritized cost savings over patient care, suggesting that it intentionally delayed or denied necessary medical treatment. The allegations have prompted a strong response from UnitedHealth, which has denied any wrongdoing. The company … Read more

Federal meteorologists have issued a warning about a potentially busy Atlantic hurricane season in 2025. They expect a higher chance of frequent and intense storms this year. The National Oceanic and Atmospheric Administration (NOAA) announced that there is a 60% likelihood that storm activity will exceed the usual seasonal average. They predict between 13 and … Read more

Insurers often view affordable housing as a risky investment, even when properties meet safety codes and are well-kept. This misjudgment leads to higher insurance costs, which can threaten the financial stability of affordable housing projects. Nathan Kerr, a broker with 25 years at Scott Insurance, is working hard to change this perception. As insurance premiums … Read more

CFC has introduced an important update to its Cyber Proactive Response (CPR) coverage, now offering insurance policies specifically designed for the digital health, fintech, and technology sectors. This change, which took effect recently, replaces older cyber policy terms with new CPR wording aimed at addressing the unique challenges these industries face. Tim Boyce, the deputy … Read more