2025 is shaping to be another strong year for catastrophe bond and insurance-linked securities (ILS) issuance following record growth seen across the market last year, despite the fallout from the Los Angeles wildfires in January, says global ratings agency AM Best.Full-year catastrophe bond and related ILS issuance hit a record $17.7 billion in 2024 as … Read more
Unfortunately, the chances of another recession are increasing, largely due to the uncertainty set forth by the new administration. When uncertainty rises, we collectively tend to spend less and save more. As a result, corporate profit growth may slow, stock prices could fall, and layoffs may increase. Losing money in your investments and then your … Read more
NORTHBROOK, Ill., March 12, 2025 – Today, Allstate and the National Association of Collegiate Directors of Athletics (NACDA) announce the inaugural Allstate NACDA Good Works Team (Winter), recognizing 20 standout student-athletes across collegiate winter sports for their exceptional achievements in community service, athletics and academics. This marks the first-ever expansion of the Good Works Team … Read more
Indonesia has launched a new sovereign wealth fund with an initial US$20 billion commitment that could potentially boost its economy or falter if its management falls short of international standards. Daya Anagata Nusantara, or Danantara, launched last week by President Prabowo Subianto, will be an investment vehicle and a holding company for Indonesia’s powerful state-owned … Read more
When the Social Security Fairness Act was signed into law on January 5, 2025, it came as a relief to many recipients of state or local government pensions whose Social Security benefits had been, up until now, reduced by the Windfall Elimination Provision (WEP) for individuals claiming retirement benefits under their own name, or the … Read more