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Category: Insurance Journal

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, …
Record-Breaking Cold to Slam Central US and Test Texas Grid
Insurance Journal | February 19, 2025
Record-Breaking Cold to Slam Central US and Test Texas Grid
Winter storms and record-breaking cold will descend on the central and southern US this week, snarling transportation and putting the vulnerable Texas power grid to yet another test. Temperatures are forecast to drop to 15F (-9C) in Dallas Wednesday night, …
CFPB Disarray Puts Future Fintech, Bank Oversight Into Question
Insurance Journal | February 10, 2025
CFPB Disarray Puts Future Fintech, Bank Oversight Into Question
Less than two months ago, the Consumer Financial Protection Bureau was pumping out lawsuits against some of the world’s biggest firms, suing JPMorgan Chase & Co., Bank of America Corp. and Walmart Inc. within a single week. On Monday, the …
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 …