Ann: Trading Halt, page-25

I don't see how this comparison is at all relevant....

An insurance company paying out money after a heavy rain event is day to day business for them.
It doesn't materially change their ongoing viability, even if it may cause a hit to profitability.
It's an ongoing affair, not a distinct, discrete event that would require time sensitive attention.


The fact of the matter is management DID realise they needed to go in to a trading halt and DID inform the exchange to do so, so your argument is kind of moot to begin with.

The salient question is why they didn't do it at the start of trading. What 'changed' between the start of trading and the request for pause in trading that cause them to request a pause in trading? And how could it have been something more substantial than the outcome of the elections? And if not, why did they wait so long to request a pause that they knew they were going to have to request anyway.

This is why people are saying management have been incompetent.