environmental liability insurance News

Georgia Moves Toward Permit for Mineral Mine Near Okefenokee Swamp

SAVANNAH, Ga. (AP) — A company’s plan to mine minerals near the edge of the Okefenokee Swamp and its federally protected wildlife refuge neared final approval Friday as Georgia regulators released draft permits for the project, which opponents say could …

Looming Waste-Landslide Disaster Prompts Review of Environmental Laws in Denmark

A landslide of contaminated soil that threatens to pollute a water stream in Denmark has prompted the nation’s government to consider tightening environmental and corporate laws. Danish authorities have enlisted 100 workers and 80 trucks to avoid “a potential environmental …

Repsol Sued in Class Action for $1 Billion Over Peru’s Worst Oil Spill

Repsol SA is being sued for $1 billion by an English law firm representing around 35,000 alleged victims for its involvement in Peru’s largest oil spill in 2022. Tom Goodhead, chief executive officer of Pogust Goodhead, said the lawsuit was …

Markets/Coverages: Vantage Risk Offers U.S. Pollution, Professional Liability Insurance for Environmental Risks

Vantage Group Holdings Ltd., the Bermuda-based insurer and reinsurer, has extended its Contractors Pollution Liability (CPL) and professional liability offerings to environmental contractors and consultants, expanding the company’s participation across the design and construction lifecycle. Vantage’s pollution and professional liability …

Brazil Miner Vale to Pay $56M to Settle SEC Charges Related to Dam Safety Disclosures

Brazilian mining firm Vale SA agreed to pay $55.9 million to settle charges related to allegedly false and misleading disclosures about the safety of its dams prior to a 2019 dam collapse in Brazil that killed 270 people, the U.S. …

Toxic Spills at Alberta’s Oil Sands Spur Canada to Boost Regulatory Oversight

Canada’s federal government is stepping up environmental oversight in Alberta’s oil sands after Imperial Oil Ltd. and the provincial regulator were slow to report toxic spills. Environment Minister Steven Guilbeault has proposed a joint federal-provincial-Indigenous working group with the involvement …

Brazil Fines Vale $16.9M for Lack of Reliable Details About Collapsed Tailings Dam

Vale SA was fined 86.3 million real ($16.9 million) for not giving Brazil’s mining regulator accurate information on the conditions at a tailings dam that collapsed three years ago, killing 270 people in the deadliest mining disaster in the country’s …

Oil Spill Caused by Massive Waves From Tonga Is ‘Ecological Disaster’ for Peru

An oil spill at a refinery in Peru during high waves caused by the explosion last weekend of a volcano in Tonga is an “ecological disaster,” the Peruvian government said on Wednesday. The foreign ministry said that the oil spill …

Dutch Court Orders Shell Nigeria to Pay Damages from Oil Pipeline Leaks

A Dutch court has ordered Royal Dutch Shell Plc’s Nigerian unit to compensate for oil spills in two villages over 13 years ago. Shell Nigeria is liable for damages from pipeline leaks in the villages of Oruma and Goi, the …

Ironshore Environmental Adds Storage Tank Pollution Liability Coverage to Online Portal

Ironshore Environmental has made its stand-alone Storage Tank Policy accessible to brokers through an online quote & bind portal. The coverage addresses first- and third-party liability in response to releases from underground and aboveground storage tanks with available limits from …