February 27, 2025
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 …
February 27, 2025
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 …
February 27, 2025
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. …
February 27, 2025
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 …
February 27, 2025
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 …
February 27, 2025
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, …
February 27, 2025
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 …
February 27, 2025
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, …
February 27, 2025
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 …
February 27, 2025
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 …