Markets
SEC’s Power to Recoup Illicit Profits Challenged at Supreme Court
Three times over the past decade, the US Supreme Court has cut the Securities and Exchange Commission's ability to extract millions of dollars from alleged wrongdoers. Critics of the commission say ...
U.S. Weighs Tougher Auto Import Rules to Accelerate Reshoring
The Trump administration is considering potential changes to North American trade rules that would raise tariff costs on U.S. automobile imports and push manufacturers to boost domestic production, ...
Ex-CEO, Ex-CFO of Bankrupt AI Company Charged With Fraud
The former chief executive and chief financial officer of iLearningEngines, which provided AI-driven business automation technology, were indicted on charges they defrauded investors and lenders by ...
AI Use in Cybersecurity Could Show Holes in Short Term, Says Fitch
U.S. cyber insurers in 2025 reversed a couple of years of decline in direct written premiums to post growth of 11%, but according to Fitch Ratings, there are some underwriting concerns brought on by ...
NYC Mayor Eyes City-Run Insurance Program for Affordable Housing
New York City Mayor Zohran Kwame Mamdani is seeking to lower the cost of property and liability insurance for affordable and rent-stabilized housing through a new city-run insurance program. Mamdani ...
Analysis: California’s Surplus Lines HO Market Driven by Access, Not Wildfire Risk
It's been more than two years since I wrote an analysis based on Surplus Line Association of California insight and data for an Insurance Journal article that the state's homeowners insurance market ...
Weather Prediction Markets Are Booming, but Can They Improve Forecasts?
A few days before Christmas, Howard Qin was scrutinizing weather forecasts on two laptops at home in Shanghai when he noticed prices of contracts for New York City snowfall creeping higher on the ...
Progressive Q1 2026 Income Up Nearly 10%
Progressive reported nearly double-digit growth in net income for first-quarter 2026, recording a bottom-line jump similar to the one recorded in last year's first quarter, even as top-line growth ...