Monthly Archives: <span>February 2025</span>

Philadelphia Tests Bullet-Resistant Glass to Protect City Bus Drivers

Philadelphia’s public transit system is moving forward with plans to test-run bullet-resistant glass enclosures for drivers on city buses, joining other cities hoping to provide more protection for drivers who often face violence and harassment from passengers. Law enforcement officers …

Mansion at Risk of Tumbling Into Cape Cod Is Demolished

A luxury home that had been on the verge of tumbling into Cape Cod Bay due to erosion has been demolished. A potential collapse of the 5,100-square-foot home threatened oyster beds in nearby Wellfleet Harbor, but a dispute over its …

Woman Pleads Guilty to Federal Charge in Plot to Sell Elvis’ Graceland Home

A Missouri woman pleaded guilty Tuesday to a federal charge accusing her of concocting a brazen plot to defraud Elvis Presley’s family by trying to auction off his Graceland mansion and property before a judge halted the mysterious foreclosure sale. …

Insurtech Root Finishes 2024 With First Yearly Profit

Root Inc. followed up its first ever quarterly net profit in the third quarter with another in the last quarter of 2024, and finished with the first profitable year in the company’s history. The Columbus, Ohio-based parent company of Root …

People Moves: Beazley Taps Generali’s Foucher as Head of Commercial Property, Europe; BMS Re Appoints Hughes and Bartell From Howden Re for Non-Marine Reinsurance

This edition of International People Moves details appointments at Beazley and BMS Re. A summary of these new hires follows here. Beazley Taps Generali’s Foucher as Head of Commercial Property, Europe Beazley, the London-based specialty insurer, announced the appointment of …

Swiss Re Corporate Solutions Unveils New Structure, Promotes McGrath as CUO

Swiss Re’s commercial insurance arm, Swiss Re Corporate Solutions, has unveiled a new organizational structure, aiming to serve corporates and brokers more closely at the country level with the introduction of market units. In addition, it announced that Katie McGrath, …

AXA CEO Says Prevention Needed to Keep Home Insurance Affordable

A leading insurance executive said the best way to keep price increases in check for property insurance in regions exposed to climate change is to mitigate the impact of natural disasters. Prevention needs to become “a mandatory part” of insurance …

UK’s Aviva Beats Profit Estimates on Double-Digit Growth in General Insurance Premiums

British insurer Aviva beat annual profit expectations on double-digit growth in its general insurance premiums in 2024, and said its planned 3.7 billion pound ($4.69 billion) acquisition of smaller rival Direct Line was on track. The company, which offers car, …

AXA Earnings Beat Estimates as it Avoids Worst of Los Angeles Fire Claims

French insurer AXA reported better-than-expected full-year earnings on Thursday, boosted by increased premiums from individual insurance policies, fewer claims and increased margins for its natural catastrophe coverage. Europe’s third-biggest insurer by market capitalization said it expected its results this year …

Swiss Re Expects Hit of Less Than $700 Million From Los Angeles Wildfires

Reinsurance company Swiss Re said on Thursday that claims from wildfires in Los Angeles would be less than $700 million and would impact its first quarter results, the latest European reinsurer to disclose a hit from the January blaze. The …