Sophia Langley

New York Senator Mark Walczyk has introduced a new bill aimed at helping residents and businesses around Lake Ontario better understand flood insurance. This area has faced significant flooding in the past, making awareness of insurance options crucial. The proposed Senate Bill 7391 seeks to change state insurance laws by requiring the New York Department … Read more

In the evolving world of cyber insurance, trust is becoming essential. As the market grows, managing general agents (MGAs) are focusing more on their relationships with brokers rather than just the products they offer. This shift is crucial as threats like ransomware and social engineering continue to change the landscape of cybersecurity. With global cybercrime … Read more

Cybersecurity is becoming an increasingly pressing issue, as highlighted by the latest reports from BeyondTrust and Allianz. These reports reveal a troubling rise in software vulnerabilities and a growing reliance on technology in various sectors. According to Allianz’s global survey, cyber threats have topped the list of business risks for the fourth year in a … Read more

In a recent episode of Insurance Business TV, experts from Tokio Marine HCC Cyber and Professional Lines Group, Dan Crane and Eugene Eychis, discussed the growing role of artificial intelligence (AI) in the field of cyber insurance. The roundtable conversation focused on how AI is currently being used to improve risk assessment and what strategies … Read more

Insurance professionals looking to advance their careers in the United States have a promising opportunity with the Associate in Claims (AIC) designation. This certification, developed by the National Association of Independent Insurance Adjusters, provides essential training and knowledge for managing various insurance claims. The AIC program is designed for those working in property losses and … Read more

This week, four insurance companies made headlines by announcing significant leadership changes. Highstreet Insurance & Financial Services, Berkshire Hathaway Specialty Insurance, NFP, and DUAL North America are all set to bring in new executives to guide their operations in property claims, flood insurance, and construction risk management. Highstreet Insurance & Financial Services has appointed Vincent … Read more

Progressive Insurance has announced an exciting new endorsement called Cargo Plus, aimed at enhancing coverage for for-hire truckers. This new option is now available in 42 states across the United States, expanding protections for those in the trucking industry. Cargo Plus builds on Progressive’s existing motor truck cargo policy, which already provides legal liability coverage … Read more

Amwins is making a significant move in the casualty insurance market by launching a new Excess Casualty Sidecar Program. This initiative comes through its underwriting arm, Special Risk Underwriters (SRU), marking SRU’s first venture into casualty-focused products. The program is exclusively available through Amwins brokers and offers follow-form excess liability coverage on a quota-share basis. … Read more

UnitedHealth Group, the largest health insurer in the U.S., is facing growing criticism over care denials, rising costs, and a system that many patients find confusing. In response, the new CEO has made a public commitment to improve communication with patients and make access to care easier. This change comes after months of scrutiny, particularly … Read more

Travelers, a major insurance company, reported a significant drop in its financial performance for the first quarter of 2025, largely due to the devastating wildfires in California. The company recorded catastrophe losses of $2.266 billion from these fires, leading to a net income of $395 million. This is a sharp decline compared to the $1.123 … Read more