U.S. regulators are cracking down on companies with ties to nations designated as state sponsors of terrorism. Marine insurer Navigators Group Inc. was found to have violated sanctions through deals tied to North Korea, Iran, Sudan and Cuba.

(Bloomberg) — Navigators Group Inc., the insurer that focuses on marine risks, agreed to settle a U.S. probe that it violated sanctions through deals tied to banned nations.

Navigators will pay about $272,000 to resolve the liability for 48 suspected violations, according to a document distributed Aug. 7 by the U.S. Treasury Department. Those violations included policies on North Korean-flagged vessels and coverage of incidents that involved or occurred in Iran, Sudan and Cuba from May 2008 until early 2011, according to the department’s Office of Foreign Assets Control.

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