Three Foran Glennon partners share insights on pressing challenges in the U.S. insurance market in Global Insurance Law Connect’s (“GILC”) 2025 Risk Radar Report.
In the Risk Radar Report, attorneys Helen Franzese, Sean Ravenel and Matthew Reddy discuss how insurers are responding to climate risk, rising cybersecurity demands and growing healthcare pressures, highlighting the need for advanced risk modeling and data-driven legal strategies.
Shareholder and firm president, Helen Franzese, shared that climate change remains a key destabilizing force in the U.S. insurance market, with increasingly severe natural disasters prompting insurers to reassess coverage in high-risk regions, reevaluate the reliability of traditional risk models and navigate increasing scrutiny over climate-related financial risk disclosures and long-term pricing strategies.
Cybersecurity is a rapidly evolving area of concern for insurers managing sensitive financial and personal data. The unpredictable nature of large-scale cyber events, combined with fragmented regulations, continues to complicate risk modeling. As demand for cyber insurance grows across industries, insurers need to develop more sophisticated underwriting approaches that keep pace with the evolving threat landscape. “While there is increased risk, the demand for new products is also increasing—there is also increased opportunity,” said shareholder Sean Ravenel.
Additionally, healthcare-related pressures continue to create legal, operational and reputational challenges for insurers, with rising medical costs, shifting federal and state mandates and litigation risks tied to claims denials increasing compliance burdens and straining pricing models. Shareholder Matthew Reddy said, “Rising healthcare costs and evolving regulations are forcing insurers to balance complex compliance, pricing, and legal risk to remain competitive.”
These insights come on the heels of Helen Franzese and shareholder Tom Orlando attending GILC’s Annual General Meeting in London this week. The Firm is a charter member of GILC which publishes the Risk Radar Report. GILC represents a diverse network of boutique insurance law firms spread across 23 countries on five continents. The network’s extensive reach provides invaluable local insights crucial for navigating complex cross-border legal challenges within the dynamic global marketplace. Learn more here.
Since 2001, Foran Glennon has represented clients around the globe, offering sophisticated legal services in a cost-effective manner. The firm’s solution-oriented attorneys represent insurance companies and other businesses in coverage, defense and subrogation matters, as well as in commercial litigation, bankruptcy, insolvency and creditors’ rights cases.
Read the seventh annual GILC Risk Radar Report here.