History won’t only be taught at Princeton University — it will be made.

The Ivy League college is naming a residential college after Mellody Hobson, an influential finance expert who is an alumna and major donor to the school.

She will be the first Black woman to have that honor in the Elizabeth, New Jersey-based school’s 274-year history.

Hobson College will be built on a site once named for former President Woodrow Wilson, who served as the commander-in-chief from 1913 to 1921.

Amid America’s racial reawakening following the death of George Floyd in police custody in Minneapolis, Princeton announced that it would remove the late Democratic politician’s name from its School of Public and International Affairs and one of its residential colleges, citing his “racist thinking and policies.”

“No one from my family had graduated from college when I arrived at Princeton from Chicago, and yet even as I looked up at buildings named after the likes of Rockefeller and Forbes, I felt at home,” Hobson, a member of Princeton’s Class of 1991, said. “My hope is that my name will remind future generations of students — especially those who are Black and brown and the ‘firsts’ in their families — that they too belong. Renaming Wilson College is my very personal way of letting them know that our past does not have to be our future.”

On Thursday, the prestigious school announced that Hobson, who is the co-CEO of Ariel Investments and a former CBS News contributor, have made the lead gift to establish a new residential college which will begin construction in 2023 with plans to open in 2026.

“This extraordinary gift will be transformative for Princeton,” President Christopher L. Eisgruber shared. “It will enable us to improve the student experience at Princeton and to reimagine a central

Dallas Federal Reserve President Robert Kaplan said on Thursday he sees no need to expand the central bank’s asset purchases to bolster the economic recovery and instead signaled support for winding stimulus down when the coronavirus crisis eases.

“I’d be skeptical about the benefits of doing more,” Kaplan told Bloomberg Radio. Long-term interest rates are already low, and trying to push them down further by adding to the $120 billion in bonds the Fed is already purchasing each month would do little to help the real economy.

CORONAVIRUS WILL DICTATE U.S. ECONOMY’S PATH: FED’S WILLIAMS

Kaplan added “the bond-buying needs to curtail, the Fed balance sheet growth needs to curtail,” when the crisis starts to lapse.

“I don’t think it’s healthy for the markets to be addicted, or too reliant, on Fed presence … it engenders fragilities.”

Robert Kaplan, president and chief executive officer of the Federal Reserve Bank of Dallas, is seen in Ruston, La., April 11, 2016. (Getty Images)

That view may be unpopular with investors, who have come to see the Fed’s balance sheet as expanding without limits even as Congress and the White House have reached an impasse on fiscal stimulus.

The Fed has bought about $3 trillion in bonds since the start of the crisis to help stabilize financial markets and boost the economy, and has pledged since June to continue to buy “at least” at its current pace for the coming months. Some investors see that language as signaling a readiness to expand its $7.1 trillion balance sheet at an even faster clip to further support the economy.

It’s unclear how widely shared Kaplan’s desire to limit the expansion of bond buying is, but several of his colleagues have also addressed

Democcratic vice presidential candidate Kamala Harris went after President Trump for not paying enough money in taxes, and questioned who he might owe money to.

“We now know because of great investigative journalism that Donald Trump paid $750 in taxes,” Harris said during Wednesday night’s vice presidential debate. “When I first heard about it, I literally said, ‘You mean $750,000?’ Nope $750.”

Harris was referring to a recent report by The New York Times, who obtained information on the president’s 2016 and 2017 taxes, both of which show he paid a total of $750 in federal taxes each year.

The Times also reported that he paid no federal income taxes for ten of the 15 years prior to winning the presidency in 2016, largely due to the fact that he reported financial loses greater than his income.

KAMALA HARRIS VOWS BIDEN WILL REPEAL TRUMP TAX CUTS ‘ON DAY ONE’

“We now know Donald Trump owes, and is in debt for $400 million, and just so that everyone is clear, when we say in debt – it means you owe money to somebody,” Harris said Wednesday in answer to a question about presidential transparency.

Harris added: “And it’d be really good to know who the president of the United States, the commander-in-chief owes money to, because the American people have a right to know what is influencing the president’s decisions and is he making those decisions on the best interests of the American people….or self-interest?”

Trump has disregarded the report as “fake news” and claimed that his tax returns would be available as soon as the IRS had completed their audit.

Pence, however, highlighted the president’s dismissal of the report and said, “the American people have a president who’s a businessman, a job creator, he’s paid tens of millions of dollars

DETROIT, Oct. 8, 2020 /PRNewswire/ — WestCongress Insurance Holdings LLC, the parent company of WestCongress Insurance Services, a specialty insurance producer, and WestCongress Risk Services LLC, a claims administrator, today announced the appointment of Steven H. Kerr as its President and Chief Executive Officer.

Mr. Kerr’s background in the insurance marketplace spans more than 30 years, primarily with Marsh, a global leader in insurance broking and risk management. Most recently Mr. Kerr served Marsh’s Managing Director and Global Engagement Partner where he led Marsh’s largest global clients in a strategic risk consulting capacity.  Mr. Kerr also has extensive experience in wholesale and retail distribution and has led teams of producers in driving revenue growth, including serving as Marsh’s Chicago Office Head, as Growth Leader – Americas, and as CEO of Seabury and Smith, Marsh’s consumer and commercial products group.

“We are pleased to welcome Steve to the team. He is the right leader for WestCongress at this stage in our development,” Richard H. Smith, chairman of WestCongress stated. “His extensive background in specialty insurance and with excess and surplus lines distribution channels will help WestCongress strengthen its distribution relationships and expand its product offerings.”    

Mr. Kerr commented, “The WestCongress leadership team has built an excellent operation with a strong reputation in the wholesale broker community. I am pleased to join a company positioned for growth and am eager to be a part of taking WestCongress to the next level. We will be looking for every opportunity to streamline the current operation, expand product offerings, develop existing broker relationships and find new distribution channels.”

About WestCongress

WestCongress Insurance Services LLC is a specialty, surplus and excess lines insurance producer based in Detroit, Michigan. WestCongress offers primary and excess general liability insurance solutions throughout the United States for targeted

Great American Insurance Group announces the retirement of Ronald (Ron) J. Brichler, Executive Vice President within its Property & Casualty Group, effective January 2021.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201007005816/en/

Ronald (Ron) J. Brichler (Photo: Business Wire)

Mr. Brichler began his 44-year career at American Financial Group in 1976. He held various positions within Great American’s Finance and Corporate Development departments, and in 1984, became the CFO for Great American’s insurance brokerage subsidiary, American Business Insurance. In 1988, he assumed leadership of the Property & Casualty Group’s Specialty Human Services Division before moving to the Crop Division as Divisional President. As President of the Crop Division, Mr. Brichler was instrumental in growing that division into the largest business within the Property & Casualty Group, as well as one of the largest in the crop insurance industry. In 1998, he was promoted to a Group Reporting Officer, a position he has held for more than 20 years. During his tenure, he worked with almost every property and casualty business and provided leadership to multiple strategic initiatives for the Company.

Mr. Brichler is a past Chairman of the Board of Directors of both the American Association of Crop Insurers (AACI) and National Crop Insurance Services (NCIS).

About Great American Insurance Group

Great American Insurance Group’s roots go back to 1872 with the founding of its flagship company, Great American Insurance Company. Based in Cincinnati, Ohio, the operations of Great American Insurance Group are engaged primarily in property and casualty insurance, focusing on specialty commercial products for businesses, and in the sale of traditional fixed and indexed annuities in the retail, financial institutions, broker-dealer and registered investment advisor markets. Great American Insurance Company has received an “A” (Excellent) or higher rating from the A.M. Best Company for more