Global Insurers Cover Illegally Deforested Land in Brazil

by Marcus Liu - Business Editor
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Companies issued 254 policies covering 278 sq. kilometers over past decade, Nikkei finds

An apple orchard in the southern state of Parana where illegal land clearing took place. The shaded areas indicate land seized by the authorities, while the star and red dots mark sites that received agricultural insurance subsidies from the Ministry of Agriculture. (Map data from Google, processing by Nikkei)

NIKI MIZUGUCHI, KENJI ASADA and YUKIKO UNE

SAO PAULO/NEW YORK/TOKYO — Fifteen insurance companies around the world have extended hundreds of policies covering farmland in Brazil that has been illegally deforested, a Nikkei investigation shows.

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