Insights

The voluntary insurance market and state and local governments seek to adapt and increase resiliency in the face of a changing climate.

California’s proposed wealth tax faces significant political, legal, and administrative obstacles and is unlikely to be enacted.

AI-driven data center growth is increasing water demand, especially in water-stressed regions, with electricity generation driving most water use.

U.S. electricity consumption is forecasted to grow up to 25 percent by 2030, with over half of growth from data centers.

The municipal market enters 2026 with strong but fading credit quality.

California’s fiscal picture remains strong, but its heavy reliance on income taxes tied to capital markets means the state could face unique risks if the AI boom reverses.

Today’s investors have access to a wide variety of investment vehicles, often utilizing multiple structures within the same portfolio.

Duration is one of the most important concepts for bondholders to understand as they review the performance of their fixed income investments.