Navarro Wins Delaware Insurance Commissioner Reelection
Trinidad Navarro will retain his role as Delaware insurance commissioner. Navarro, the state’s Democratic incumbent, defeated Republican nominee Ralph Taylor in Tuesday’s election. More than 95% of the vote was in at press time, and Navarro carried 58% of the …
Florida’s Citizens Suspends Binding on Policies as Another Storm Churns in the Gulf
Florida’s state-created Citizens Property Insurance Corp., the largest insurer in the state, has suspended binding on policies, statewide, as yet another hurricane approaches from the Carribbean Sea and Gulf of Mexico. As of Monday, Nov. 4, “Agents may not bind …
Mississippi Worker Killed When Hot Asphalt Falls from Dump Truck
JACKSON, Miss. (AP) — Police in Mississippi’s capital said a man died Monday when he was trying to repair a dump truck and asphalt poured onto him. Darrell Sheriff, 41, was underneath the truck working on a hydraulic line when …
Legal Weed Ballot Measure Falls Short of Supermajority Vote Needed in Florida
A constitutional amendment that would have legalized recreational marijuana in Florida won a majority of votes Tuesday but fell short of the required 60% needed to pass. The vote snuffs out what was expected to be a rush to set …
Markets/Coverages: Chaucer Offers Nuclear Power Stations Insurance for Cyberattacks
Chaucer has launched a new nuclear insurance policy that provides nuclear power plants (NPP) with insurance cover for cyberattacks. Called CyNuC, the malicious act cyber insurance policy was developed specifically by Chaucer’s Lloyd’s Syndicate 1176 in conjunction with the insurer’s …
How Trump’s Second Administration Affects Business: Musk, Tariffs and More
Donald Trump’s return to the White House after winning the Nov. 5 U.S. presidential election may reshape American business. Much depends on whom he appoints as deputies and cabinet members, including the role of Tesla CEO Elon Musk, and what …
North Carolina Insurance Commissioner Causey Elected to Third Term
North Carolina Insurance Commissioner Mike Causey was reelected to a third term, gaining 52% of the vote to Democratic opponent Natasha Marcus’ 48%. News reports and the Associated Press indicated that, by early Wednesday, Causey had picked up almost 2.9 …
Business Moves: Ryan Specialty Acquires MGU Specialist; Clear Buys UK’s CoverMarque
Ryan Specialty, the Chicago-based specialty insurance services firm, has completed the acquisition of Innovisk Capital Partners from Abry Partners and BHMS Investments. Financial details of the deal were not disclosed. London-based Innovisk has become part of Ryan Specialty Underwriting Managers …
Chinese Group Accused of Hacking Singtel in Telecom Attacks
Singapore Telecommunications Ltd., Singapore’s largest mobile carrier, was breached by Chinese state-sponsored hackers this summer as part of a broader campaign against telecommunications companies and other critical infrastructure operators around the world, according to two people familiar with the matter. …
Spain Risks €10.6 Billion Flood Damage Bill, PM Sanchez Says
Spanish Prime Minister Pedro Sanchez announced the first financial package for victims of the storms that killed more than 200 people in the country’s eastern region of Valencia. Spain will earmark as much as €10.6 billion ($11.5 billion) for its …
