US Farmers Reduce Spending, Posing Risk to Rural Economy

Sunny weather welcomed farmers and industry professionals this week at the Farm Progress Show in Illinois, the biggest farm event in the United States. But despite the pleasant skies, the mood among attendees was cautious. Low crop prices and ongoing trade tensions, especially with China, are making the future uncertain for American farmers. Scott Metzger, … Read more

Peloton Required to Address Shareholder Lawsuit Regarding Post-Pandemic Prospects

A federal appeals court has ruled that Peloton Interactive must face a lawsuit claiming it misled shareholders by hiding extra inventory as the COVID-19 pandemic’s impact waned. The 2nd U.S. Circuit Court of Appeals in Manhattan reversed a lower court’s decision, allowing investors to pursue claims that Peloton made false statements that inflated its stock … Read more

Ford to Recall Hundreds of Thousands of Vehicles Due to Instrument Panel and Leak Problems

Ford Motor Company is recalling hundreds of thousands of vehicles in the U.S. due to multiple safety concerns, according to the National Highway Traffic Safety Administration (NHTSA). The recalls cover issues ranging from faulty instrument panel displays to brake fluid leaks and problems with tail lights and airbags. One major recall involves more than 355,000 … Read more

Ex-Alfa Agent in Georgia Admits to Misusing Premium Payments

A former insurance agent from Georgia has admitted to using more than $200,000 from one client’s policy to pay for other expenses, including premiums for other customers. Jeremy Lasseter, who worked for Alfa Insurance in Warner Robins, pled guilty this week in federal court. He faces up to 30 years in prison, a potential $1 … Read more

Personnel Changes: Carpenter Appoints Aon’s Goodman as Chief Client & Growth Officer in Newly Established Role; Aon Elevates Anderson to Head of Professional Services

Guy Carpenter and Aon have both announced significant leadership changes. Jeremy Goodman is joining Guy Carpenter as their new chief client and growth officer, while Aon has promoted Tom Anderson to head of Professional Services at their Global Broking Centre in London. Goodman brings nearly 40 years of experience in the reinsurance industry. He comes … Read more

FAA Reports Telecom Outage Disrupted Arriving Flights at Newark Airport

A telecom frequency outage forced the Federal Aviation Administration (FAA) to stop all arriving flights at Newark Liberty International Airport for over an hour on Thursday. The disruption mainly affected flights landing at Newark, a major hub for United Airlines, while departures continued as usual. Flight tracking site Flightradar24 confirmed that flights headed to Newark … Read more