Voters are soundly rejecting Measure P, the effort to eliminate high-intensity oil extraction in Santa Barbara County, according to early unofficial results with 96 of 250 precincts reporting.
The measure is failing with 35,347 "no" votes, or 63.7 percent of the ballots counted.
Supporters have garnered 36.3 percent with 20,158 "yes" votes.
Opponents declared victory as soon as the mail-in ballots were counted.
“Tonight the 'No on P' campaign is greatly humbled by the election results, and we would like to extend our thanks to the citizens of Santa Barbara County," said Jim Byrne, director of the "No on Measure P" campaign.
"The citizens of Santa Barbara County have confirmed their support for this industry as an important part of our community, providing thousands of jobs and tens of millions in tax revenues each year for our schools, fire protection, and other vital public services," Byrne continued.
"With over 18 federal, state and local regulatory bodies overseeing production, Santa Barbara’s onshore oil and gas production operates within regulations that are among the strictest in the world," he said.
Nasdaq-listed insurer AmTrust's relationship with Trust Risk Group, the sole distributor for its $500mn Italian medical malpractice business, has broken down under acrimonious circumstances, The Insurance Insider understands. AmTrust has given notice that it intends to sever the agreement and both parties allege that they are owed significant sums by the other. Trust Risk intends to pursue AmTrust in the Milan courts for EUR500mn ($629mn) in earnings the broker expects to lose over the 11 remaining years of the agreement