The U.S. Commodity Futures Trading Commission on Thursday called for public comment ahead of a regulatory proposal it said would shape government oversight of the burgeoning market for events contracts and prediction markets. In a public notice, the agency drew attention to the need for protections against manipulation and the possibility of trading on margin as well as considerations for what kinds of contracts should be prohibited in the public interest, such as wagers on terrorism and military action. Though the CFTC has considered regulating prediction markets for nearly two decades, they have exploded in popularity since the 2024 U.S.…
Author: Awais
A man was killed after ramming his vehicle into the front doors of a synagogue in suburban Detroit on Thursday afternoon, setting off an exchange of gunfire with security officers and a large police response, authorities said. Oakland County Sheriff Michael Bouchard said a vehicle drove into Temple Israel in West Bloomfield shortly after 12:30 p.m., breaching the entrance before security personnel engaged the suspect with gunfire. The Department of Homeland Security said in a statement that the attack was carried out by Ayman Mohamad Ghazali. Ghazali, 41, was born in Lebanon, entered the US in 2011 and was granted…
Reed Anders joined Alliant Insurance Services, headquartered in Irvine, California, as senior vice president within its employee benefits group. Based in Chicago, Illinois, Anders has led cross-functional teams across finance, accounting, HR, compliance, IT, and operations. He began his career with a Big Four accounting firm before holding senior finance and operational leadership roles within the insurance brokerage industry, including serving as chief financial officer and chief operating officer at Third Road Management. Topics Alliant Employee Benefits Was this article valuable? Yes No Here are more articles you may enjoy. Interested in Employee Benefits? Get automatic alerts for this topic.
The U.S. car business is grappling with a stubborn affordability problem, one that threatens to relegate more Americans to the used-car lot and leave automakers vulnerable to lower-priced rivals. Lawmakers have framed the issue around partisan lines. U.S. President Donald Trump and other Republicans blame environmental and safety regulations. Democrats blame Trump’s tariffs. But a Reuters review of industry sales data found a more market-based reason: Automakers are offering relatively few budget models, while they’ve filled showrooms with bigger, more upscale models, raising the selling price of the average U.S. vehicle to around $47,000. The trend toward fancier vehicles on…
ormer Michigan linebackers coach Chris Partridge sued the university, its board of regents and its athletics director Wednesday for firing him in 2023 while the NCAA investigated allegations of in-person scouting and sign-stealing. Partridge’s lawsuit filed in U.S. District Court in Michigan argues that his “termination was wholly unjustified and without legitimate cause,” saying that the school violated his Fourteenth Amendment right to due process. “The University of Michigan unjustly terminated Partridge’s employment and spread false and damaging information regarding his professional conduct, tarnishing Partridge’s hard-earned reputation and inflicting irreparable harm on to his career and personal well-being,” the lawsuit…
Relative to the size of its economy, the U.S. spends a greater amount on health care than other high-income nations. And while the U.S. has long had higher than average health spending, recent years have seen higher spending growth in peer nations. This chart collection compares health care spending in the U.S. and other OECD countries that are similarly large and wealthy, using data from the OECD Health Statistics database for peer countries, and from the 2024 National Health Expenditure Data for the U.S. The analysis is available through the Peterson-KFF Health System Tracker, an online information hub dedicated to…
Multinational agriculture technology company Syngenta announced last Tuesday (March 3) that it will cease global production of the herbicide paraquat by the end of June, including at its facility in Iberville Parish. Banned in more than 70 countries, paraquat is repackaged and distributed in the United States from Syngenta’s manufacturing site in St. Gabriel, a small city that sits along a heavily-industrialized stretch of the Mississippi River. Nicknamed “Cancer Alley” residents in St. Gabriel face a higher risk of cancer from industrial air pollution than most of the country. Syngenta did not respond to questions from Verite News about whether…
Tokio Marine & Nichido Fire Insurance Co. Ltd. is now targeting mid-guidance pricing for the $100 million of multi-year collateralized earthquake reinsurance protection it aims to secure from its new Kizuna Re III Pte. Ltd. (Series 2026-1) catastrophe bond transaction, Artemis has learned.The company returned to the catastrophe bond market recently for what will become the tenth catastrophe bond we feature in our extensive Deal Directory that will provide reinsurance to part of the Tokio Marine Holdings group of companies and now the seventh in the Kizuna Re series of cat bond deals. Initially, the target was to secure $100…
Brisk Insurance Services LLC, a Montana-based policy administration software developer, is taking on the Federal Crop Insurance Corporation and the Risk Management Agency in a case that could ripple across the crop and livestock insurance sector. The suit, filed March 10, 2026, in the US District Court for the District of Columbia (Case No. 1:26-cv-00842), challenges a recently issued Manager’s Bulletin that Brisk says effectively kills its business.
The story begins with a trip-and-fall. According to court filings, Rosalind and Nir Arbel allege that on January 23, 2022, Rosalind Arbel was injured after tripping in a parking lot at 2670 Geary Blvd. in San Francisco – a lot leased to Trader Joe’s for additional parking for its store at 3 Masonic Avenue. The Arbels sued Dominic D. Yin, individually and as trustee of the Dominic D. Yin Revocable Living Trust, among others, citing dangerous conditions including cracks, vertical displacement, inadequate lighting, and exposed rebar. Damages demanded at mediation reached $15,000,000.
Months after promising help for “hundreds of thousands of kids,” the FDA approved the decades-old medicine for a disease documented in less than 50 people.
Speaking today, Hannover Re’s Sven Althoff explained that softening trends seen in property catastrophe reinsurance are expected to continue through 2026, while he also said that the ongoing conflict in the Middle East could have ramifications for certain specialty lines the reinsurance firm underwrites.Althoff, Hannover Re’s Executive Board Member for Property & Casualty business, also noted that the impacts from the Middle East war remain uncertain from a financial point of view, but importantly noted they could have an impact on firm order terms. Speaking this morning during a media call, Sven Althoff commented on the Hannover Re expectation for…
E&S cyber requires brokers to translate complex exposures into actionable coverage for clients
InsuranceFest is back – with more connections and deeper insights that will help shape the future of specialty insurance. The event takes place on July 16 at Santa Monica Pier, California and features four zones, 50 discussion tables and 60+ speakers that are sure to spark candid and thoughtful conversations.