LATIN AMERICA
Peru declared a 90-day state of emergency on Sept. 24 in the Peruvian Amazon communities of Cuninico and Urarinas after a recent oil spill in nearby rivers.
Around 5,600 tire industry workers went on a strike in Argentina, forcing tire manufacturers, including Bridgestone Corp. and Pirelli & C. SpA, to suspending production,
According to U.S.-based A.M. Best Co. Inc., business interruption claims are expected to drive insured and reinsured losses from Hurricane Fiona higher as companies struggle to restart operations in the wake of the massive storm.
The U.S. Geological Survey said that a 6.8-magnitude earthquake struck the Mexican state of Michoacan on Sept. 22, causing landslides and damaging buildings, NPR reported citing The Associated Press. This quake.
Argentina's largest oil and gas industry workers union launched an indefinite strike on Sept. 23 following an explosion at the Argentine company New American Oil SAs refinery in Neuquen province that killed three workers.
Chuck Watson of disaster modeling firm Enki Research expects Hurricane Fiona to inflict around $4 billion worth of damage in Puerto Rico and Dominican Republic, as the strong hurricane threatens the Caribbean islands with catastrophic floods and mudslides.
A part of the Brazilian container company Multiteiner Com Loc de Conteineres Ltda.s warehouse near Sao Paulo collapsed on Sept. 20, killing at least nine people, and injuring over 30 others.
Brazilian low-cost airline Gol Linhas Aereas Inteligentes SA has agreed to settle its bribery charges by paying a total of $41.5 million in penalties to U.S. and Brazilian authorities.
Crude oil spilling from state-run oil firm Petroleos de Venezuela SAs joint venture Petrowarao SA has hit an environmentally sensitive area at Venezuelas eastern region.
Mexican telecommunications company Telmex SAs 60,000-worker union went on a strike on July 21 in Mexico City after negotiations with the company over contract-related issues failed.
The El Salvador government has extended a controversial state of emergency by another month for a fourth time until late August.
Chile-based copper producer Codelco has halted its Rajo Inca project construction to investigate a recent fatal accident involving a contractor.
The European Mediterranean Seismological Centre said that a 5.8-magnitude struck Ecuador on July 14 at a depth of nearly 50 miles.
Severe drought and acute water shortage has forced Mexican authorities to declare emergency.
The European Mediterranean Seismological Centre said that a 6.6-magnitude earthquake struck Easter Island near Chile on July 12.
Transport unions in Peru have called for an indefinite nationwide strike starting July 4, which is likely to cause business and transport disruptions, especially in Lima and Callao.
Tropical storm Bonnie was upgraded to a Category 1 hurricane on July 3 as it neared the southwest coast of Mexico, raising threats of intense rains, mudslides, and floods in Mexico.
The Ecuadorian Federation of Exporters said the non-oil export sector has suffered an estimated $85 million in aggregate loss, as of June 28, from the nationwide protest that began in mid-June.
A forest fire that started on June 28 in the Andean mountains of Peru is threatening the historical Incan ruins of Machu Picchu.
U.K.-based insurance broker BMS Group Ltd.s reinsurance arm BMS Re has acquired Mexico-based surety reinsurance broker Calomex Intermediario de Reaseguro, SA de CV for an undisclosed amount.
Civil society organizations are demanding full compensation in a $4.5 billion lawsuit against Spanish energy firm Repsol SA and others for a major oil spill in January in Ventanilla, Peru.
The work to design a catastrophe bond for the Caribbean region is underway with the support of the World Bank, with four countries currently engaged, including Jamaica and as many as four others thought likely to join.
German investment banking firm Joh. Berenberg Gossler & Co. KG expects French reinsurer Scor SE to post a net loss of 43 million ($45 million) in the second quarter of the year, mostly driven by the losses resulting from drought in Brazil and due to its inaccurate assessment of catastrophe events.