Insurers fear $700mn loss from fatal Indonesian mining catastrophe
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Claims and losses

Insurers fear $700mn loss from fatal Indonesian mining catastrophe

The loss would be one of the largest ever for mining underwriters.

By Samuel Casey Ayesha Venkataraman
November 07, 2025
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Fear is mounting in the mining market that a mudslide at one of the world’s largest mines in Indonesia could result in a total loss on the mine’s $700mn insurance coverage, Insurance Insider can reveal.

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