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.
Guatemalas Volcanology Agency said that the continuous lava flow from the Pacaya volcano is spreading almost two miles around the volcano and causing wildfires in the region.
Ratings agency A.M. Best Co. Inc. said that Caribbean property and casualty insurers consolidated net income more than doubled in 2020, surpassing expectations despite COVID-19 pandemic challenges.
The U.S. National Hurricane Center said that Tropical Storm Grace is expected to bring heavy rainfall and trigger flash floods and mudslides in Jamaica.
A 7.2-magnitude earthquake struck Haiti on Aug. 14, destroying and damaging almost 30,000 buildings.
Tropical Storm Fred caused flooding and traffic and power disruptions as it made landfall in Dominican Republic on July 11.
U.S.-based Fitch Ratings Inc. said that property and casualty insurers in Brazil are seeing rapid direct written premium growth associated with cyber insurance amid a surge in the frequency and severity of cyberattacks.
Romeu Zema, governor of the Brazilian state of Minas Gerais, said that a definitive settlement worth 100 billion Brazilian real ($19.1 billion) could be reached with miners Samarco Mineracao SA, Vale SA and BHP Group Ltd. for the 2015 tailings dam disaster.
The first catastrophe bond issued on behalf of Jamaica by the World Bank will reportedly be upsized to $185 million, which is $10 million above the cat bonds original size.
A long-term drought that has hit two-thirds of Mexico looks set to worsen, with forecasts warning of high temperatures, crop damage and water supply shortages on the horizon, The Western Producer reported citing Reuters. Rafael Sanchez Bravo, a water expert at Chapingo Autonomous University, said that in some states, irrigation is practically disappearing due to […]
The government of Dominican Republic has decided to cull the entire population of pigs over the next five months to curb the spread of African swine fever.
A 6.1-magnitude earthquake struck near the city of Sullana in northwestern Peru on July 30, damaging infrastructure, several residential buildings and temples.
The 180-day water emergency declared for the Parana River by the Argentine government threatens the countrys grain exports at the peak time, as vessels cut cargoes to avoid grounding in the shallow river.
The Costa Rican government declared a state of national emergency on July 27 after torrential rainfall and floods caused significant infrastructure damage over the weekend.
Nicolss Deino, executive director for the financial industry at Accenture Chile, said that the Latin American insurance market would grow 4.8% a year through 2025.
The U.S. Geological Survey said that a 6.8-magnitude earthquake struck off the Pacific coast of Panama and Costa Rica's shared border on July 21, sending tremors through some parts of western Panama and Costa Rica.