People Moves: Tassone Jr. Promoted to AM Specialty CEO; Canopius Names Leftwich US Head of Strategy; FM Hires Erbig as CFO
Tassone Jr. Promoted to CEO of AM Specialty Dominick Tassone Jr. was promoted to CEO of AM Specialty Insurance Company (ASIC U.S.), effective Jan. 1, 2026. Since joining AM Specialty Insurance Group in 2023 as chief underwriting officer, Dominick has …
POSTED OCTOBER 29, 2025 6:24 AM |
UN Sees World’s Emissions Falling 10% by 2035, Far Short of 60% Goal
Global emissions of planet-warming greenhouse gases are expected to fall by about 10% by 2035, compared with 1990 levels, representing the first decline ever forecast by the United Nations. But the world remains well off course to keeping global warming …
POSTED OCTOBER 29, 2025 5:30 AM |
Progressive Now 4th Largest Global Insurer; RenRe Fastest Growing in ’24
As a group, the top 50 global property/casualty insurers grew premiums by 8.3% in 2024, but four of them, individually, grew by more than 20%, including Progressive which vaulted into the top five. S&P Global Market Intelligence published its list …
POSTED OCTOBER 29, 2025 5:17 AM |
Generali, Natixis Owner Likely to Drop Asset Management Deal, Sources Say
Italy’s biggest insurer Generali and French banking group BPCE are likely to abandon plans to merge their asset management businesses by letting a year-end deadline lapse without a binding agreement, three sources said. The sources, briefed on the process, spoke …
POSTED OCTOBER 29, 2025 5:15 AM |
Europe’s Top Rights Court Rejects Climate Challenge Against Norway’s Oil
The European Court of Human Rights on Tuesday ruled in favor of Norway’s government in a climate lawsuit brought by young activists who claimed the country’s policy of Arctic oil exploration had put their future at risk. Norway is western …
POSTED OCTOBER 29, 2025 5:10 AM |
Mondelez Defeats Greenwashing Lawsuit Over ‘Climate Neutral’ Clif Bar Claim
A federal judge dismissed a proposed class action lawsuit accusing Mondelez International of deceiving consumers into overpaying for Clif bars that were labeled “climate neutral certified.” U.S. District Judge Manish Shah in Chicago found nothing wrong with labels for Clif …
POSTED OCTOBER 29, 2025 5:04 AM |
‘Catastrophic’ Hack Underscores Public Defender Security Gaps
Recent cyberattacks on public defenders’ offices in multiple Western US states have spotlighted the technological vulnerabilities of an often overlooked but critical part of the US judicial system. Public defenders, who represent clients unable to pay for their own lawyers …
POSTED OCTOBER 29, 2025 5:03 AM |
Tokyo Metropolitan Government Issues Climate Resilience Bond
The Tokyo Metropolitan Government issued a €300 million (¥53 billion) bond Tuesday to boost flood defenses and other climate-related countermeasures. The money will be used to upgrade coastal protection facilities for the Port of Tokyo, develop sediment prevention facilities and …
POSTED OCTOBER 29, 2025 5:01 AM |
Massachusetts Survey Identifies Safety Issues for Assisted Living Residences
Massachusetts Governor Maura Healey cited the results of a survey on safety of all 272 assisted living residences (ALRs) in the state in announcing actions to enhance the safety of ALR residents across the state. In July, following the tragic …
POSTED OCTOBER 29, 2025 5:00 AM |
California Commissioner’s Regulation to Prevent Insurance Crises From Climate Disasters, Cyber Threats, AI
California Commissioner Ricardo Lara is proposing a regulation aimed at mitigating rising insurance costs and safeguarding the state’s insurance market from catastrophic risks and technological threats. Lara’s Long-Term Solvency Regulation is aimed at providing the California Department of Insurance enhanced …
POSTED OCTOBER 28, 2025 9:36 PM |