Article 0 Comments Senior management at Brazilian miner Vale were never shown internal security documents indicating that its dam at Brumadinho was at risk of collapse, the company’s chief financial officer said on Tuesday [Feb. 12]. The CFO, Luciano Siani, was asked about management’s knowledge of the internal documents at […]
2019 catastrophes
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Firefighters Gain Upper Hand over New Zealand Wildfires; Evacuees Return Home
Article 0 Comments About 3,000 people who fled as a wildfire threatened a New Zealand town were allowed to return home Monday [Feb. 11] as firefighting conditions improved. Another 400 residents living in valleys near the fire aren’t yet able to return, although officials hope they will be able to […]
January’s U.S. Storms, Australia Floods Bring Economic Damages Near $2B: Aon
Article 0 Comments Multiple winter storms and extreme cold led to 45 deaths and cost the U.S. economy $1 billion during January, according to Aon’s Global Catastrophe Recap – January 2019. The report listed the winter storm events in the U.S. during the month: Pacific storm system on Jan. 5-Jan. […]
Allianz Has Reinsurance Exposure to Vale Dam Disaster: Sources
Article 0 Comments German insurer Allianz may have to cover some of the costs of the dam collapse at Vale’s Corrego do Feijao mine in Brazil, two people familiar with the matter told Reuters. Allianz’s Global Corporate & Specialty division (AGCS) leads a consortium of reinsurers that assumed some risks […]
Brazil Weighs Management Overhaul at Vale After Mine Disaster; Death Toll Rises
Article 0 Comments Brazil’s government weighed pushing for a management overhaul at iron ore miner Vale SA on Monday as grief over the hundreds feared killed by a dam burst turned into anger, with prosecutors, politicians and victims’ families calling for punishment. By Monday night, firefighters in the state of […]