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Brazil rejects Vale, BHP settlement offer for Mariana disaster

by AIP Online Bureau | May 6, 2024 | Disaster & Management, Eco/Invest/Demography, International News, Policy

The November 2015 dam collapse at the Samarco iron ore mine near the town of Mariana, Minas Gerais, caused a vast flow of mud and mining waste that buried a nearby village, killing 19 people, leaving hundreds homeless and polluting the Doce River, a major river that...
Brazil judge opens inquiry into Musk for obstruction involving social media company X

Brazil judge opens inquiry into Musk for obstruction involving social media company X

by AIP Online Bureau | Apr 8, 2024 | International News, Policy, Regulation, Technology

Elon Musk Musk is challenging a decision by Moraes ordering his social media platform X to block certain accounts Brasilia: Brazilian Supreme Court Justice Alexandre de Moraes on Sunday opened an inquiry into Elon Musk for obstruction of justice involving social media...

Brazil subsidised rural insurance for Amazon deforested land

by AIP Online Bureau | Feb 10, 2024 | Eco/Invest/Demography, International News, Non-Life

Among the companies cited by Repórter Brasil was a unit of Japan’s Tokio Marine Holdings Inc. In 2020, it provided policies to landowners in Mato Grosso, Brazil’s largest crop-producing state. About 70% of the property covered by the insurance was embargoed due to...

Amazon River falls to lowest in over a century amid Brazil drought

by AIP Online Bureau | Oct 18, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

Brazil’s Science Ministry blames the drought on this year’s onset of the El Nino climate phenomenon, which is driving extreme weather patterns globally. In a statement earlier this month, the ministry said it expects the drought will last until at least...

AM Best maintains negative outlook on Brazil reinsurance market

by AIP Online Bureau | Feb 11, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

“Overall, the segment’s growth is likely to face headwinds due to capacity limitations to underwrite risks, as the financial flexibility provided by the local capital markets dries up, and to global risk aversion, as international investors and players reconsider...
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