Sophia Langley

Many people thought the demand for recall insurance would skyrocket, but that hasn’t happened yet. Despite years of challenges in supply chains and changes in regulations, the market for recall insurance remains slow to grow, especially for smaller manufacturers. Robert Balogh, an executive at Amwins, noted that while the potential for growth is there, it … Read more

Manulife Financial Corporation has reported its earnings for the first quarter of 2025, revealing a slight dip in core earnings. The company posted core earnings of CA$1.8 billion, which is about US$1.3 billion. This marks a 1% decrease compared to the same period last year when adjusted for currency fluctuations. The net income attributed to … Read more

Phishing emails are becoming a serious problem for small businesses, leading to costly class action lawsuits. As cyber threats grow more sophisticated, attackers are finding ways to exploit weaknesses in companies of all sizes. Phishing remains the most common way for hackers to gain access, and it’s costing small and medium-sized enterprises (SMEs) significantly. According … Read more

Global insurance brokerages are increasingly focusing on human capital strategies to help businesses manage their most valuable asset: their employees. As economic and political uncertainties grow, many companies face challenges related to staffing, mental health, and workplace morale. Brokers see this as an opportunity to provide risk management advice to small and medium-sized enterprises (SMEs) … Read more

In a significant ruling for healthcare insurers, the Tenth Circuit Court of Appeals decided on May 2 that AdHealth, Ltd. is not liable for covering over $40 million in claims related to sterilization failures at a Colorado hospital. This decision affects how excess insurance policies are interpreted, especially in cases involving multiple claims stemming from … Read more

Insurtech is making waves in the insurance industry, but there are still significant challenges to overcome. Joseph Iten, the Chief Technology Officer at The Iten Agency in Florida, is actively addressing these issues within his own agency. He has been focusing on improving slow processes, outdated technology, and the risks associated with errors and omissions … Read more

Captive insurance is becoming more accessible, moving beyond just large corporations to include smaller businesses. This change is reshaping the role of insurance brokers, who are now expected to provide more than just policy placements. They are stepping into a more advisory role, helping clients understand the long-term benefits and strategies associated with captive insurance. … Read more

Landlord insurance is becoming more expensive, and it’s a trend that many property owners are feeling. Over the past few years, costs have surged, mainly due to increased claims from natural disasters. While the property insurance market is starting to stabilize, liability insurance is now the next big hurdle, especially for multi-family properties. These types … Read more

CRC Group has recently made a significant shift in its identity, moving from being a bank division to an independent insurance wholesaler. This change is not just cosmetic; it reflects a deeper understanding of who they are and what they want to achieve. Earlier this year, CRC Group announced a strategic rebrand aimed at unifying … Read more

Business operations are facing significant challenges from four major trends: trade, technology, climate, and workforce dynamics. This insight comes from Aon plc’s recent Client Trends 2025 report, which highlights how these trends are increasingly connected and influencing the risks businesses encounter. The report, created with input from Aon’s Risk Capital and Human Capital teams, emphasizes … Read more