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Archive: February 2025

Police Scramble to Learn Who Stole 100,000 Eggs Worth $40K From Farm Trailer
Insurance Journal | February 10, 2025
Police Scramble to Learn Who Stole 100,000 Eggs Worth $40K From Farm Trailer
Police are trying to crack a whodunit over the heist of 100,000 eggs from the back of a trailer in Antrim Township, Pennsylvania. Regarding the theft that law enforcement officials say could be tied to the sky-high cost of eggs, …
Newsom Wants to Speed up Delayed Rule to Make California Homes More Fire Resistant
Insurance Journal | February 10, 2025
Newsom Wants to Speed up Delayed Rule to Make California Homes More Fire Resistant
As Los Angeles reels from deadly January wildfires that destroyed thousands of homes, California Gov. Gavin Newsom signed an order last week directing the state to advance long-delayed regulations requiring homeowners in high-risk areas to clear combustible materials around their …
Registration for Next Round of LA Fortify Homes Program Grants Opens Feb. 12
Insurance Journal | February 10, 2025
Registration for Next Round of LA Fortify Homes Program Grants Opens Feb. 12
The Louisiana Department of Insurance announced that registration for the next round of Louisiana Fortify Homes Program (LFHP) grants will open at 8 a.m. on Wednesday, February 12. Registration will close at 5 p.m. on Sunday, February 16. Participants will …
Lyft to Launch Mobileye Robotaxis in Dallas as Soon as 2026
Insurance Journal | February 10, 2025
Lyft to Launch Mobileye Robotaxis in Dallas as Soon as 2026
Lyft Inc. will launch driverless rides with technology vendor and Intel Corp. spinoff Mobileye Global Inc. in Dallas as soon as 2026, building on a partnership that was first announced last November. Lyft customers in the Texas city will be …
First Chicago Insurance Group’s Credit Ratings Upgraded to Positive Outlook by AM Best
Insurance Journal | February 10, 2025
First Chicago Insurance Group’s Credit Ratings Upgraded to Positive Outlook by AM Best
AM Best has revised the outlooks to positive from stable for the Long-Term Issuer Credit Ratings (Long-Term ICRs) and affirmed the Financial Strength Rating (FSR) of B (Fair) and the Long-Term ICRs of “bb” (Fair) of First Chicago Insurance Company …
Acting CFPB Chief Tells all Staff to Cease ‘Any Work Tasks’
Insurance Journal | February 10, 2025
Acting CFPB Chief Tells all Staff to Cease ‘Any Work Tasks’
President Donald Trump’s newly installed chief of the U.S. Consumer Financial Protection Bureau told all of the agency’s staff on Monday to stay away from the office and do no work, according to an email reviewed by Reuters. The move, …
Russia’s Rostelecom Says Baltic Sea Cable Damaged, Tass Reports
Insurance Journal | February 10, 2025
Russia’s Rostelecom Says Baltic Sea Cable Damaged, Tass Reports
A Russian underwater cable in the Baltic Sea has been damaged by an unspecified external impact, Tass reported on Saturday, citing the telecommunications provider PJSC Rostelecom. Restoration work is underway and the incident has had no impact on subscribers so …
Farmers Turn to Airbnb, Corn Mazes to Outlast Agricultural Downturn
Insurance Journal | February 10, 2025
Farmers Turn to Airbnb, Corn Mazes to Outlast Agricultural Downturn
A dead-end dirt road cutting through rural Wisconsin leads to a pasture dotted with shaggy-coated Highland cattle, fluffy Icelandic sheep and a vintage Airstream trailer that farmer Brit Thompson turned into an Airbnb to capitalize on an explosion of urbanites …
Q4 2024 Income at CNA Drops on Pension Settlement Loss
Insurance Journal | February 10, 2025
Q4 2024 Income at CNA Drops on Pension Settlement Loss
CNA Financial Corp. reported fourth quarter 2024 net income of $21 million, down significantly from $367 million for the same quarter the prior year. The Chicago-based insurer said results include a $290 million after tax loss from an announced pension …
Hub Acquires Missouri’s Yavitz Insurance
Insurance Journal | February 10, 2025
Hub Acquires Missouri’s Yavitz Insurance
Hub International Limited announced that it has acquired the assets of Yavitz Insurance Group. Terms of the transaction were not disclosed. Located in St. Louis, Missouri, Yavitz Insurance is a privately-owned insurance agency providing comprehensive commercial and personal insurance solutions …