For the fifth straight year, Forbes is partnering with market research firm Statista to rate insurance companies in the United States. But we need your input to do it. We want to hear about your experiences with your insurance provider—or a provider you’ve worked with in the past—to help us identify the top insurance companies in the U.S. in these five categories: homeowners, renters, auto, permanent life or term life. While prices on policies continue to rise each year, tell us how your insurance company measures up in such areas as cost, claims service, digital capabilities, customer interactions and company…

Wall Street’s top watchdog, the Financial Industry Regulatory Authority (FINRA), faces a pivotal moment amid converging legislative and legal challenges that could potentially reshape the future regulatory landscape. The regulator notched a win on Monday, however, as the Supreme Court declined to hear a penny stock broker’s legal challenge to FINRA’s constitutionality. Until recently, adding pressure to FINRA’s current predicament was its legal battle with Utah-based brokerage Alpine Securities, which was fighting against an expulsion order imposed by the regulator and contended that FINRA’s disciplinary process is unconstitutional. In an investigation published in September 2024, Forbes delved into the contentious…

Prominent attorney David Boies and his firm Boies Schiller Flexner filed three lawsuits this week alleging that at least five companies handling payouts for class action settlements conspired to secretly pocket bank interest payments and award each other business outside the view of attorneys and judges. The suit says the scheme has resulted in lower class action payouts for consumers. The firm filed the suit against claims administration companies Angeion, Epiq and JND Legal Administration, three firms that were also the subject of a recent lawsuit accusing them of taking secret payments from fintech companies. The Boies suit also named…

Small businesses are the engine of the American economy. They are often the first to innovate, the fastest to adapt, and the most determined to persevere through change. In moments of uncertainty, they continue to move forward not because conditions are perfect, but because resilience is embedded in their DNA. According to BoeFly’s April 2025 Franchise Growth Confidence Index,72.7 percent of franchisors remain confident in achieving their 2025 growth goals. That level of confidence in nearly three out of four leaders is significant considering the broader economic narrative around inflation, tariffs and ongoing interest rate uncertainty. Additionally, 65.2 percent expect…

Hong Kong billionaire Richard Li’s insurer FWD Group announced Monday it has refiled an application to list on the Hong Kong stock exchange, as investors clamor for a piece of the city’s red-hot IPO market. FWD did not disclose the target size or timing of its upcoming offering. A representative for the company declined to comment. FWD’s latest application marks the Hong Kong-headquartered insurance company’s fourth attempt to list on its hometown bourse, and its fifth in total. It last filed an application in Hong Kong in March 2023, following applications in September 2022 and in February 2022. These applications…

In my last column, I talked about how innovation from the fintech sector has helped companies in financial services and other industries, and how companies can apply lessons from fintech to accelerate their own technology development efforts. Since then, markets have been upended by the announcement of a set of historic new tariffs that is creating an unprecedented modern world saga. Although most of those tariffs are now “on pause,” and may even be successfully negotiated, it appears that the world is moving away from the globalization model that has dominated international relations for the past 20+ years. I have…

Spain’s largest bank, Banco Santander, has provided $1.3 billion in backing to a firm that has carried out extensive deforestation in South America, a report by environmental NGO Global Witness has alleged. According to the report, Santander began co-arranging financing for agricultural services company Cresud in 2011, despite the firm being known to have destroyed 170,000 hectares of rainforest since 2000. The financing continued even after Santander adopted anti-deforestation policies in 2018 and net-zero targets in 2021, raising questions about major banks’ commitments to sustainability in agricultural financing. “Cresud would not be able to turn a profit without being able…

Banks and insurance companies were quick to recognize the potential of generative AI. By the middle of last year more than three out of four had implemented AI projects and the vast majority plan to increase their investments. And yet, despite FS firms already notable accomplishments, agentic AI is about to create a wave of innovation that will transform the industry. As I mentioned previously, AI agents operate within an ecosystem—the agentic AI architecture—comprising of an orchestrator, super agent(s) and multiple utility agents. Each has a specific role in the digital team with the ability to reason logically, plan, decide,…

In an era where AI is increasingly providing more interaction with people, new risks are emerging that demand a new approach to insurance. In some of the insurance industry’s first moves, insurance companies are announcing new insurance policies that cover risks like AI hallucinations and model drift, marking a significant step in AI risk management​. In a move to address the evolving risks associated with artificial intelligence (AI), Chaucer Group, a global specialty reinsurance company, has partnered with Armilla AI to launch a new third-party liability (TPL) insurance product. This policy is designed to cover liabilities arising from the mechanical…

Could now be a moment of opportunity for investors looking to make money and a positive impact? That idea may sound nutty amidst unprecedented uncertainty and a dramatic rise in anti-environment rhetoric and actions in the macro environment. If you’re spooked by the headlines, you’re not alone. But once you cut through the noise, opportunities reveal themselves and the reality starts to look a bit different. While the language around climate commitments may be shifting, many of the most influential players, from institutional investors to global corporates, are continuing undeterred. The commitments remain. The capital is still flowing. And for…