Brazil dam failure pushes up mining rates in 2019

Brazil dam failure pushes up mining rates in 2019

Brazil dam failure pushes up mining rates in 2019

The Córrego do Feijão dam failure in Brazil, which tragically claimed the lives of more than 300 people in January, has had an immediate impact on capacity for mining sector casualty risks, with rates driven upwards by the loss, according to Marsh in its latest mining sector report. Tailings dams are at particular risk of increased premium rates, Marsh said.…

New business interruption cover offered at no cost to South African firms

New business interruption cover offered at no cost to South African firms

New business interruption cover offered at no cost to South African firms

South African insurer MiWay has added business interruption cover to its commercial insurance bundles, at no extra cost. Christiaan Steyn, head of business insurance at MiWay, said this cover compensates for times when usual activities must be suspended and is seen as an important addition, given South Africa’s unpredictable business environment. “There are a number of eventualities which could cause a business’s operations to be…

Storm Eberhard insured losses up to €1.5bn: AIR

Storm Eberhard insured losses up to €1.5bn: AIR

Storm Eberhard insured losses up to €1.5bn: AIR

Insured losses from winter Storm Eberhard will range between €900m and €1.5bn, with the majority coming in Germany, according to AIR Worldwide. AIR’s loss estimate includes property damage and business interruption. Eberhard first struck the UK, the Netherlands and Belgium on 9 March. It then moved onto Germany before heading further east to Austria, the Czech Republic and Poland. The…

Mactavish warns UK firms not grasping full Brexit risk

Mactavish warns UK firms not grasping full Brexit risk

Mactavish warns UK firms not grasping full Brexit risk

UK companies must ensure they have done everything possible to protect their business from Brexit or face lawsuits brought by disgruntled investors, governance expert Mactavish has warned, adding that it fears many firms are not taking this risk seriously enough…

UK equine flu outbreak forces racing ban

UK equine flu outbreak forces racing ban

UK equine flu outbreak forces racing ban

Britain’s horseracing industry faces potential losses after racing events were shut down following confirmed cases of equine flu in vaccinated thoroughbreds, with the bloodstock market also potentially at risk of interruption. The British Horseracing Authority (BHA) cancelled four events yesterday and has extended the ban until at least 13 February. According to The Guardiannewspaper, a total of 23 races and…

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