Rebuilding Begins After Drenching Rains Flood Parts of Central, South Florida
Intense rains that stalled over Central Florida unleashed nearly 20 inches (508 millimeters) of rain in 24 hours, triggering dangerous flash floods that stranded cars and inundated roadways, leaving some closed to traffic into Monday. Forecasters said the colossal amount …
Vietnam Logs Five Feet of Rain in One Day, Nearing World Record
Widespread flooding across central Vietnam killed at least nine people and damaged more than 100,000 homes in the tourist hubs of Hue and Da Nang, as the Southeast Asian nation endures another bout of extreme weather. Rainfall in the city …
Administration Backs Off Bid for Atlantic Oil Drilling, But Gulf Still on Table
The Trump administration is ruling out selling offshore oil and gas leases along the US East Coast, after its initial plan for auctioning them drew alarm from Republican strongholds in the Southeast. The shift in thinking comes after the White …
US Appeals Court Revives $2.5 Billion Opioid Lawsuit in West Virginia
A U.S. appeals court on Tuesday revived a $2.5 billion lawsuit against drug distributors accused of contributing to an opioid addiction crisis in West Virginia communities, overturning a 2022 victory at trial by the largest drug suppliers in the U.S. …
Court Dismisses Securities Fraud Charges Against Fashion Designer Cole’s Brother
The brother of designer Kenneth Cole says he was vindicated on Monday by a federal appeals court’s decision to overturn his criminal fraud conviction. Neil Cole said he’s been fighting over a decade to clear his name after federal authorities …
Uber Taking on Waymo in San Francisco With Lucid, Nuro Robotaxis
Uber Technologies Inc. is preparing to offer driverless rides on vehicles developed by Lucid Group Inc. and Nuro Inc. in the San Francisco Bay Area for the first time next year, thrusting the company into direct competition with Waymo’s robotaxi …
Arthur J. Gallagher & Co. Acquires Safe T Professionals in Arizona
Gallagher Bassett acquired 100% of Chandler, Arizona-based Safe T Professionals LLC. Gallagher Bassett previously held a minority investment in the business. Anna Martinez, Joshua Martinez and their team will remain in their current location under the direction of Jim Bond, …
Reinsurers Hold Bulk of Jamaica’s Property Exposures From Hurricane Melissa: Reports
Hurricane Melissa made landfall in Jamaica as a powerful category 5 storm – a record for the Caribbean island nation — which brought storm surge, torrential rain, strong winds and massive damages. Melissa made landfall near New Hope, Jamaica, at …
Hurricane Melissa Makes Cuba Landfall After Lashing Jamaica
Hurricane Melissa made landfall in Cuba less than a day after it became the strongest recorded storm to strike Jamaica, where it left hundreds of thousands without power and forced hospitals to evacuate. Melissa crossed the coast in eastern Cuba …
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 …
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 …
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 …
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 …
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 …
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 …
‘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 …
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 …
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 …
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 …
Jamaica Catastrophe Bondholders Now Face Full-Trigger Event
Investors in Jamaica’s catastrophe bond now face a full trigger event that would force payment of the entire $150 million bond to help the island deal with fallout from Hurricane Melissa. That’s according to Florian Steiger, chief executive of Icosa …



