Sophia Langley

A new bill in Florida could change how attorney fees are handled in insurance lawsuits. House Bill 1551, currently under review by the state legislature, aims to award legal fees to the winning party in these cases. This proposal is raising eyebrows among industry groups, who worry it may lead to higher litigation costs. Under … Read more

Emmy-winning journalist Molly Grantham is taking a bold step beyond her successful career in broadcast journalism. After over 18 years at WBTV in Charlotte, North Carolina, where she earned two Emmy Awards and numerous accolades, Grantham decided to leave her stable job in early 2024 to pursue new opportunities. Grantham is now a keynote speaker, … Read more

The insurance industry is changing fast, driven by the rise of artificial intelligence (AI). Traditionally slow to adopt new technologies, many insurance companies are now looking to AI to boost efficiency and improve customer experiences. This shift was a hot topic at the Insurtech Insights Europe conference held in London this week. Daniel Schreiber, the … Read more

The hospitality insurance market is undergoing significant changes that are making it tough for bar and restaurant owners. With fewer insurance carriers willing to take on risks, premiums are soaring, and underwriting standards are becoming stricter. David DeLorenzo, the CEO of Ambassador Group Insurance, points out that many smaller brokers who specialized in hospitality insurance … Read more

California’s insurance market is facing serious challenges due to natural disasters like wildfires and earthquakes. These events have made it tough for many insurance companies to operate profitably. Some insurers are leaving the state or making it hard for customers to get coverage. However, United Fire Group (UFG) Insurance is taking a different approach. Instead … Read more

California’s insurance market is facing significant challenges, leaving brokers like Neera Sharma in a tough spot. As the president of Coastal Brokers Insurance Services, Sharma is witnessing firsthand the turmoil in the industry. With many insurance companies pulling out, brokers are struggling to find coverage for their clients. Sharma describes the current situation as a … Read more

Retailers Casualty Insurance Company has announced a significant payout of $2.5 million for its policyholders with coverage that began in 2022. This decision comes from the company’s board of directors and aims to reward businesses that have shown a commitment to employee safety. The distribution is based on each policyholder’s premium and loss ratio. Those … Read more

New Mexico has taken a significant step to support homeowners affected by recent wildfires. Alice Kane, the state’s Superintendent of Insurance, announced a temporary increase in the coverage limit for residential property under the New Mexico Fair Plan. The new cap is set at $750,000, up from the previous limit of $350,000. This change is … Read more

The third-party liability insurance market is currently facing significant challenges. Rising nuclear verdicts, changing juror attitudes, and the growth of litigation funding are all contributing to this turmoil. This shift has led insurers to cut back on their coverage offerings, resulting in higher premiums and stricter terms for businesses seeking protection. Vince Gaffigan, an executive … Read more

A federal judge has put a stop to a lawsuit filed by two entertainment businesses in Texas against their insurance providers. The judge ruled that the businesses must first provide sworn testimony before they can move forward with their claims. TnT Gaming Center LLC and TnT Family Entertainment Inc. took legal action last year against … Read more