Vale pays over $252 million in compensation for dam disaster

Share!

Business Insurance - Jun 01, 2022

Brazilian mining firm Vale SA has deposited 1.2 billion Brazilian real ($252.37 million) in an escrow account as part of the compensation it has agreed to pay for the Brumadinho dam disaster that killed 270 people in Brazil in 2019....

Read Full Article

Recommended Articles

South Korean insurers post combined net profits of nearly $6 billion

Posted: Aug 22, 2023

South Korean insurers’ combined net profits increased to around 8 trillion South Korean won ($5.95 b...

P&C insurance market sees reduced capacity on risks

Posted: Aug 22, 2023

According to a new report from Aon PLC, South Africa’s insurance market is continuing to see reduced...

Latin Re obtains license to operate in Lloyd’s marketplace

Posted: Aug 22, 2023

Independent insurance brokerage Latin RE is the first Brazilian broker to get a license to operate d...