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Risks transform mining insurance world

Matthew Gooda has been in the thick of the mining insurance action during the biggest period of change in the industry’s history. In Mining Journal’s 2014 Global Risk and Insurance Guide it was said the massive expansion of the mining industry over more than a decade, during a time of rapidly increasing commodity prices, spawned ‘super claims’ and individual insurance losses that ran into hundreds of millions of dollars.

Some of the claims exposed issues “that had simply not been experienced in the same way before”, the guide said.

“The mining industry presents some unique challenges for insurance companies.