Saint Paul Fire and Marine Insurance Co. was founded March 5, 1853, in St. Paul, Minnesota, serving local customers who were having a difficult time getting claim payments in a timely manner from insurance companies on the east coast of the United States. It barely survived the Panic of 1857 by dramatically paring down its operations and later reorganizing itself into a stock company (as opposed to a mutual company). It soon spread its operations across the country. In 1998 it acquired USF&G, known formerly as United States Fidelity and Guaranty Company, an insurance company based in Baltimore, Maryland, for $3.9 billion in stock and assumed debt. By buying USF&G, they went from the 13th to the eighth largest property and casualty insurance company in the United States. Through economies of scale between the two companies, and a difficult business environment, they downsized the company substantially over the coming years by selling certain business units to focus on more profitable business units.
Tel Aviv has attracted a lot of attention for its nightlife and creative culinary scene in recent years. These days its center of gravity has shifted south, to the site of the ancient port town of Jaffa (technically part of the city itself). This month, the Setai opens in a former Ottoman prison; a new W Hotel housed in a 19th-century former convent and pilgrims’ hospice is scheduled to open in March. It’s just the latest in a growing list of upscale hotels, restaurants, and boutiques to arrive among the winding streets of this former fishing village. Jaffa’s once-shabby flea market is now populated by a number of high-end antique dealerships, which sit alongside trendy cafés and bars — many offering live music into the night. Don’t miss Maskit, an iconic Israeli fashion house known for its embroidery that has been recently reincarnated after closing in the 1990s. Numerous interesting chefs have also set up shop among Jaffa’s churches, mosques, and archaeological sites. Try Beit Kandinof, a restaurant housed in a 17th-century building, where creative dishes like artichoke-and-pesto bruschetta are served alongside local art exhibits. —Sara Toth Stub
Political strife and economic woes have taken a toll on Egypt’s tourism industry in recent years, but travelers will soon have a new reason to visit. On the arid plains of Giza not far from the Great Pyramids, a modern monument is under construction that’s more than two decades and nearly $1 billion in the making. The Grand Egyptian Museum will showcase the finest treasures of the pharaohs — including the body and golden funeral mask of Tutankhamen — in a structure spanning nearly 650,000 square feet.
There are lots of ways to appreciate Price without breaking the bank. For example, you might want to put on your walking shoes, grab a free map, and wander around to a side of this destination where money doesn't do all the talking. Our choice of affordable hotels makes Price a favorite among budget-conscious travelers looking for a vacation to remember. Don't let your budget keep you from experiencing everything that Price has to offer, the right hotel is just a click away!
U.S. travelers have historically overlooked Mauritius in favor of other Indian Ocean destinations like the Seychelles and Maldives. That could all change, though, now that this remote, idyllic island some 1,200 miles off the African coast has become easier to reach. A flurry of new airline services launched at the end of 2017: KLM began servicing Mauritius from Amsterdam, and British carrier Thomas Cook Airlines introduced biweekly flights in November. Upon arrival, travelers can take in dreamy lagoon views from the newly reopened One&Only Le Saint Géran, fresh off a multimillion-dollar renovation. Every room and suite now has a private terrace or balcony, marble baths with cascade showers, and sophisticated teak, stone, and leather accents. Guests can also look forward to updated dining experiences — like lunch spot La Pointe, which grills fresh-caught seafood over firewood and coconut embers, or open-air restaurant La Terrasse, which offers Mauritian specialties. Unchanged at Le Saint Géran is its aura of exclusivity, thanks to the resort’s unique position on a private peninsula jutting out from the island’s eastern shore. —Melanie Lieberman