Insurers controlled by Los Angeles Dodgers owner Mark Walter face potential funding pressure as most of the $5.2 billion in short-term loans they made last year approach maturity, with most due by the end of August. The loans largely went to affiliated businesses, an unusual concentration that has drawn scrutiny in a federal investigation examining how Walter-linked companies financed those businesses and whether fraud occurred. The insurers reclassified more than a third of their assets as connected to Walter. TWG Global and its insurance arm said they intend to reduce most affiliated investments by the end of 2026. The Wall Street Journal reported that Delaware Life held 8.6% of its investments in short-term loans at the end of 2025 and Clear Spring almost 14%, compared with 0.6% of industry assets in 2024. TWG said its insurers invested in performing real assets, stood firmly behind the integrity of its business and that there had been no fraud. The scrutiny follows tighter regulatory rules on short-term investments and comes as TWG faces broader pressure after selling a controlling stake in the Los Angeles Lakers about a year after acquiring it.