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Archive: February 2025

Vanguard Pauses Corporate Meetings Over New ESG Guidance
Insurance Journal | February 20, 2025
Vanguard Pauses Corporate Meetings Over New ESG Guidance
Top mutual fund manager Vanguard has paused meetings with portfolio companies while it reviews the impact of new guidance on investor activism from the U.S. Securities and Exchange Commission, according to people familiar with the matter. In a recent notice, …
EEOC Says It’s Going After ‘Anti-American Bias’ in the Workplace
Insurance Journal | February 20, 2025
EEOC Says It’s Going After ‘Anti-American Bias’ in the Workplace
The U.S. Equal Employment Opportunity Commission said it will enforce antidiscrimination laws against employers that “illegally prefer non-American workers. In a Feb. 19 announcement EEOC’s Andrea Lucas, acting chair, said the commission is “putting employers and other covered entities on …
A Run of Fatal Airline Crashes Upends Sterling Safety Record
Insurance Journal | February 20, 2025
A Run of Fatal Airline Crashes Upends Sterling Safety Record
A spate of deadly airline crashes has tarnished the industry’s sterling track record, fraying the nerves of travelers and prompting questions about how the world’s safest form of transportation can respond. The tragedies began on Christmas Day when an Azerbaijan …
Data Insight: More Insurers Expect to Boost Top Lines Than Headcount
Insurance Journal | February 20, 2025
Data Insight: More Insurers Expect to Boost Top Lines Than Headcount
Continuing a trend that’s persisted for several quarters, the latest Insurance Labor Market Study from Jacobson Group and Aon finds a big gap between the percentage of carriers expecting to boost top lines and those anticipating staff growth. The latest …
NC Insurance Commissioner to be Released From Hospital After Heart Surgery
Insurance Journal | February 20, 2025
NC Insurance Commissioner to be Released From Hospital After Heart Surgery
In his previous, dual role as state fire marshal, North Carolina Insurance Commissioner often championed the work of firefighters in the state. In 2023, while highlighting the health problems that firemen often face and the need for health screenings, Causey …
Carnegie Mellon to Pay Students $4.8 Million for Shifting to Remote Classes During COVID
Insurance Journal | February 20, 2025
Carnegie Mellon to Pay Students $4.8 Million for Shifting to Remote Classes During COVID
Carnegie Mellon University has agreed to pay $4.8 million to settle a class action brought on behalf of students whose in-person classes were moved online when the COVID-19 pandemic began in 2020. The proposed settlement has been agreed to by …
Airbnb Billionaire Plans Factory-Built Homes for LA Fire Victims
Insurance Journal | February 20, 2025
Airbnb Billionaire Plans Factory-Built Homes for LA Fire Victims
Billionaire Joe Gebbia, the co-founder of Airbnb Inc. and a board member of Elon Musk’s Tesla Inc., plans to donate $15 million of factory-built dwellings to victims of the Los Angeles wildfires. The pre-fabricated houses — made by Gebbia’s startup, …
King Risk Partners Acquires Kerr Agency in Connecticut
Insurance Journal | February 19, 2025
King Risk Partners Acquires Kerr Agency in Connecticut
Florida-based insurance broker King Risk Partners announced its acquisition of the Kerr Agency Inc., an independent insurance agency located in Simsbury, Connecticut. This strategic acquisition furthers King Risk Partners’ expansion across the Northeast. Kerr is King’s fifth agency in Connecticut. …
Former Ohio Insurance Agent Sentenced to Probation for $1.4M Theft
Insurance Journal | February 19, 2025
Former Ohio Insurance Agent Sentenced to Probation for $1.4M Theft
A former Ohio insurance agent was sentenced this month to five years of probation for thefts exceeding $1.4 million. Rhonda Chandler, of the Columbus area, stole and misappropriated funds, including premiums for pre-need life insurance policies, commonly known as burial …
AM Best Revises Under Review Status to Positive for Farm Bureau of Arkansas
Insurance Journal | February 19, 2025
AM Best Revises Under Review Status to Positive for Farm Bureau of Arkansas
AM Best has revised the implications of the under review status to positive from developing for the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb” (Fair) of Farm Bureau Mutual Insurance Company of Arkansas, …