Ecuador News

Landslides Kill at Least 24 as Rains Deluge Ecuador Capital

QUITO, Ecuador (AP) — A rain-weakened hillside collapsed in Ecuador’s capital, sweeping over homes and a sports field and killing at least 24 people, city officials said Tuesday. The Quito Security Department said at least 48 more people were injured, …

Chevron Says Ecuador Environmental Claims Now in Question

A consulting firm whose work helped lead to a $19 billion award against Chevron Corp for rainforest pollution in Ecuador has disavowed environmental claims used by local residents to obtain the 2011 court judgment, court documents show. Chevron on Friday …

ACE Acquires General Insurer Rio Guayas in Ecuador

The ACE Group announced the acquisition of Rio Guayas Compania de Seguros y Reaseguros, a general insurance company in Ecuador that is owned by Banco de Guayaquil, for approximately US$55 million in cash. Founded in 1993 and currently the fourth-largest …

Arbitrators Near Jurisdiction Call in Chevron Case

Arbitrators expect to rule as early as next month on whether they can hear a dispute between Chevron Corp and Ecuador related to a marathon pollution liability case, according to a letter to the lawyers involved. The tribunal, working under …