Mining Giants BHP, Vale Accused of Colluding to Cut Payouts to Victims of Dam Collapse October 26, 2020 Brazilian federal prosecutors have accused mining giants BHP and Vale of colluding with a lawyer to reduce compensation for victims...
Australia’s Westpac Takes A$1.2B Charge Against Q2 Earnings for Laundering, Refunds October 26, 2020 By Edward Johnson Westpac Banking Corp. has taken a A$1.2 billion ($871 million) charge against second-half earnings to cover a record money-laundering fine...
Tesla Pays CEO Musk Nearly $1M for Controversial D&O Insurance Arrangement July 1, 2020 By Dana Hull Tesla Inc. is making a one-time payment of almost $1 million to Chief Executive Officer Elon Musk related to a...
Mining Groups Should Be Required to Buy Insurance for Tailings Dams: Report June 30, 2020 Mining companies should be required to buy private insurance for tailings dams and their board of directors should be held...
CEO Musk Replaces Tesla’s D&O Policy with ‘Personal Coverage’ May 1, 2020 By Andrew G. Simpson Tesla founder and CEO Elon Musk is getting into the insurance business again, sort of. Musk has cancelled his company’s...
BHSI Expands Cover for UK Financial Institutions with D&O and Civil Liability Policies April 14, 2020 Berkshire Hathaway Specialty Insurance (BHSI) has introduced two new policies tailored specifically for UK financial institutions: Professional First Financial Institutions...
Brazil’s Vale Knew Deadly Tailings Dam Was Unsafe as Far Back as 2003: Report February 24, 2020 By Anthony Boadle and Gram Slattery An independent investigation requested by Brazilian iron ore miner Vale SA into the causes of the Brumadinho tailings dam disaster...
Westpac’s Money Laundering Breaches Gave ‘Free Pass to Pedophiles:’ Australia Official November 25, 2019 By Byron Kaye Australian Home Affairs Minister Peter Dutton said Westpac Banking Corp. must pay the price for giving “a free pass to...
Public Consultation Launched to Help Set Global Standards for Tailings Dams November 15, 2019 By Barbara Lewis A six-week public consultation launched [in London] on Friday will help set global standards to improve mining safety, aiming to...
Vale’s ‘Negligence’ May Have Cost Lives, Says Brazil Mining Regulator November 12, 2019 By Jake Spring and Christian Plumb Brazil’s mining regulator on Tuesday blasted iron ore miner Vale SA for failing to disclose problems with a mining dam...