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...
Insurers Must Re-Think Pandemic Response or Risk Reputational Damage: UK’s Airmic May 12, 2020 Airmic, the UK association for risk and insurance professionals, has urged the insurance market to adopt a more responsible and...
British Court Awards $11 Million to EY Whistleblower Who Exposed Money Laundering April 20, 2020 By Huw Jones and Peter Hobson A British court awarded $11 million in damages and expenses on Friday [April 17] to a former partner at global...
Australia’s Westpac Expects $578M Fine for Money Laundering Linked to Child Abuse April 14, 2020 By Byron Kaye Australia’s Westpac Banking Corp said it expects a A$900 million ($578 million) fine over accusations it enabled millions of illegal...
How P/C Insurance Industry Can Maximize Its Response to Coronavirus: Crisis Manager April 13, 2020 By Andrew G. Simpson “I’m shocked, just shocked that you’re suggesting that during a crisis that insurance companies might in fact be considered the...
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...
Danske Bank Ex-CEO Faces $387M Lawsuit over Money Laundering Scandal February 24, 2020 By Christian Wienberg The ousted chief executive of Danske Bank A/S, Thomas Borgen, has been personally targeted in an investor lawsuit arguing he...
Harvard Professor Takes Aim at ‘Clickbait’ With Defamation Suit Against New York Times January 14, 2020 By Andrew G. Simpson A Harvard University professor known as an expert in intellectual property is suing the New York Times for its publication...
S&P Revises Qatar Insurance Outlook on Financial Risks from $308M Markerstudy Loan November 25, 2019 S&P Global Ratings said it revised its outlook on Qatar Insurance Co. S.A.Q. (QIC) to negative from stable, although it...
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...