Sophia Langley

DUAL North America has teamed up with Homebound Insurance Exchange to expand its personal lines insurance offerings. This partnership aims to enhance coverage for manufactured homes, dwelling fire, and homeowners insurance, especially as the insurance market undergoes significant changes. The collaboration will initially focus on Texas, with plans to extend services to other states in … Read more

Christopher M. Becerra, a professional with a strong background in mortgage banking, is making waves in the insurance industry by helping clients overcome financial hurdles. With his expertise in real estate values, he has successfully assisted clients in qualifying for loans despite challenging debt-to-income (DTI) ratios. Becerra shared his experiences in a recent interview, highlighting … Read more

A federal judge in Florida has ruled against State Farm Mutual Automobile Insurance Company, denying its request to avoid liability in an ongoing lawsuit. This case involves whether State Farm must provide legal defense and coverage for two parties, Global Pioneer Business Solutions, LLC and Patricia Socorro, following a serious car accident that occurred in … Read more

Sun Life’s Irlande Audenier recently shared her insights on the insurance industry during an interview for the Meet the Executive Series, in collaboration with the National African American Insurance Association (NAAIA). In this discussion, she reflected on her career path and emphasized the need for the insurance sector to attract more talent from the African-American … Read more

The wildfires that ravaged California in January are causing significant changes in the property insurance market, affecting homeowners and businesses alike. The fires have not only destroyed landscapes and displaced families but also resulted in massive financial losses for insurers. Lloyd’s of London recently reported a staggering $2.3 billion loss due to the fires, with … Read more

Several insurance companies have recently made important leadership changes to boost their growth and adapt to the evolving market. IMS, a company specializing in telematics and connected insurance solutions, has appointed Sean Farrelly as its new vice president of sales for the Americas. Farrelly, who has a strong background in the industry, previously worked at … Read more

In a recent report by AM Best, the number of credit rating downgrades for U.S. property and casualty (P/C) insurers has dropped significantly. In 2024, there were 43 downgrades, down from 55 in 2023. This decline comes despite ongoing challenges, particularly in the personal lines segment of the insurance market. The report, titled "US Property/Casualty: … Read more

As businesses increasingly move to online platforms, they are adopting new technologies to make their services more accessible and user-friendly. This shift is especially important in the insurance industry, where quick and efficient service is crucial. Insurance Business is shining a light on the best technology providers in the industry with its upcoming "5-Star Technology … Read more

New York is taking steps to enhance consumer protections with new legislation aimed at curbing unfair business practices. Attorney General Letitia James has proposed the FAIR Business Practices Act, which is currently being supported in the state legislature by Senator Leroy Comrie and Assemblymember Micah Lasher. This new law aims to update New York’s consumer … Read more

A significant shift in investment strategies is changing the insurance landscape, driven by a surge in annuity sales. According to a recent report by Bloomberg, this trend is reshaping how insurance companies approach their investments, particularly as demand for shorter-duration, less liquid assets rises. The research organization LIMRA revealed in an October report that sales … Read more