PORTLAND, Ore. - Standard Insurance Company (The Standard) announced today that Marjan Berg has been promoted to second vice president and actuary, Asset Liability Management and Capital Analytics.

The U.S. House passed Republicans' sweeping tax bill early May 22, pushing forward a provision that could temporarily eliminate taxes on tips. While all Democrats and two Republicans voted against the tax bill, doing away with taxes on tips has proven to be popular across party lines, with nearly 75% of Americans in support, according to an August Ipsos poll. Critics, though, have argued that it would be a costly, unfair tax break that would benefit few lower-income Americans. “A relatively small number of workers are going to see any significant tax savings from this proposal,” said Joseph Rosenberg, a senior fellow at the left-leaning Urban-Brookings Tax Policy Center. US President Donald Trump arrives to speak on his policy to end tax on tips in Las Vegas, Nevada, on January 25, 2025

In July 2024, the Standard Group announced plans to lay off over 300 employees due to financial challenges and the need to restructure operations.