Mexico Catastrophe Bond Likely to Pay on Hurricane Patricia’s Losses: S&P November 5, 2015 By Sebastian Boyd Bonds sold by Mexico to shield it from the cost of repairing hurricane damage are closer to paying out after...
Mexico’s Hurricane Patricia May Hit Catastrophe Bondholders October 27, 2015 By Sebastian Boyd Mexico’s natural disaster fund may be $100 million better off at bondholders’ expense after Hurricane Patricia appeared to trigger a...
Canada Lays New Charges Against Railway in Lac-Megantic Derailment June 23, 2015 By Josh Wingrove and Greg Quinn The Canadian government has hit Montreal, Maine & Atlantic Railway Ltd. with fresh charges over a 2013 derailment that killed...
Canadian Pacific Railway’s CEO Says Biggest Crude-by-Rail Fear Is Terrorism March 3, 2015 By Scott Deveau Hunter Harrison, Canadian Pacific Railway Ltd.’s chief executive officer, said his greatest fear in moving crude by rail is the...
Canada to Overhaul Rail Safety Rules; More Insurance Will Be Required February 23, 2015 By Josh Wingrove and Frederic Tomesco The Canadian government is overhauling its safety rules for crude oil shipments by train, creating a disaster fund and forcing...
Development Bank Plans Natural Disaster Fund for Latin America March 19, 2012 The Inter-American Development Bank has proposed allowing member countries to tap loans in case they need to respond to natural...