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Vance will likely be 2028 front-runner, but RNC chair ‘excited about the bench that we have’

With former president and now President-elect Donald Trump unable to run again for the White House in 2028, Vice President-elect JD Vance appears to be the heir apparent to the America First movement and the Republican Party’s powerful MAGA base. But even though the 40-year-old Vance will be considered the front-runner in the next GOP…

Lockton launches global parametric insurance practice

US-based broker says need for supplementary insurance solutions is growing amid increase in hurricanes, wildfires and other natural disasters        Related Stories Axis strikes $2.3bn legacy deal with Enstar Daily Digest: Embedding nature in underwriting, AIG launches reinsurance syndicate, California catastrophe modelling rules take effect Rule takes effect for California insurers to use catastrophe modelling…

Virginia Gov. Youngkin calls for end to taxes on tips ahead of legislative session

Virginia Gov. Glenn Youngkin, a Republican, is pushing to eliminate taxes on tips ahead of the commonwealth’s next legislative session. This proposal would return an estimated $70 million annually to the pockets of Virginia workers, Youngkin’s office said Monday in a press release. An end to taxes on tips could help more than 250,000 people…

Axis strikes $2.3bn legacy deal with Enstar

Loss portfolio transfer deal is primarily attributable to casualty business written during pre-2022 underwriting years        Related Stories Daily Digest: Embedding nature in underwriting, AIG launches reinsurance syndicate, California catastrophe modelling rules take effect Rule takes effect for California insurers to use catastrophe modelling in rate-setting Moody’s raises global P&C outlook to stable  

Trump threatens more lawsuits against media as ABC to pay $15 million to settle case

Donald Trump said yesterday at a Mar-a-Lago news conference that he would take a couple of questions.  By the time he finished speaking, he had gone on for an hour.  Trump made news on a dozen topics, a reminder of the freewheeling approach in which even among journalists who can’t stand him, the incoming president…

Government agencies say joint investigation into drone sightings reveals no threat: ‘We recognize the concern’

Government agencies issued a joint statement on Monday on the ongoing investigation into the mysterious drone sightings reported across the country, mostly in New Jersey and the mid-Atlantic region, over the past few weeks. In the statement penned by the Department of Homeland Security, the FBI, the Federal Aviation Administration and the Department of Defense,…

Chief of Russia’s nuclear defense forces killed by explosive device in Moscow

Lt. Gen. Igor Kirillov, the head of Russia’s Nuclear, Biological and Chemical Defense Forces, and his assistant were killed during an explosion in Moscow on Tuesday. Russia’s Investigative Committee said the explosive device was placed in a scooter near a residential apartment block on Ryazansky Avenue and triggered remotely, according to The Associated Press. Russian…