September 30, 2022

INSURANCE CLAIMS EXPERIENCE TO DATE: 

DFC AND ITS PREDECESSOR AGENCIES 

The United States International Development Finance Corporation (DFC) provides 

political risk insurance and project financing in support of eligible private-sector 

investments in developing nations, and countries in transition from nonmarket to market 

economies. DFC, the successor in interest to the Overseas Private Investment Corporation 

(OPIC) under the terms of the Better Utilization of Investments Leading to Development 

Act of 2018, started operations as of December 20, 2019, upon enactment of the Further 

Consolidated Appropriations Act, 2020 (Public Law 116-94). As noted in greater detail, 

below, OPIC programs were administered by the Agency for International Development 

(USAID) before OPIC initiated operations in 1971. 

Since 1971, OPIC and DFC have made 306 insurance claim settlements totaling

$1.043.5 billion. These settlements have been structured either as cash settlements

to investors ($687.5 million) or as OPIC guaranties of host government obligations or

other similar arrangements ($356 million). In accordance with those arrangements, 

DFC’s predecessor agencies have paid $130 million in addition to the cash settlements 

described above for a total of $817.5 million in cash payments to date.

DFC cash recoveries on claims total $782.1 million (without regard to reinsurance 

reimbursements). Additional recoveries in the form of OPIC guaranteed obligations 

($226.0 million) bring DFC’s total recoveries to $1.008 billion, or 97% (includes interest)

of all claim settlements. Additional recoveries are anticipated. 

From 1966 to 1970, USAID paid $3.5 million to settle eight claims. In addition, 

USAID denied eight claims, one of which was submitted to arbitration by the investor. 
OPIC denied thirty claims under the insurance program, of which fifteen have been 

submitted to arbitration by the investors. As of September 30, 2022, there were five

pending claims under review by DFC. 

For additional information about DFC insurance claims, you may contact 

Salena Taleton, Paralegal Specialist, by telephone at 202-948-4101, or by

email at Salena.Taleton@dfc.gov.
CLAIMS RESOLVED BY CASH SETTLEMENTS AND GUARANTIES - FY66 THROUGH FY22

FY72

Ford Motor Co. Chile A

West Hem. Dominican Republic C

Bethlehem Steel 1/ Chile B

Ralston Purina Chile B

Vinnell Corp. Bangladesh C

Parsons&Whittemore Chile B

Hercules Inc. Pakistan C

Auto

Auto

Extractive

Feed

Const.

Mill

Fertilizer

$910,885

$13,000

$17,365,721

$614,475

$413,662

$3,259,367

$18,353

$910,885

$13,000

$3,076,820

$614,475

$413,662

$0

$18,353

$0

$0

$17,365,721

$0

$0

$3,259,367

$0

FY73

Braden Copper/Kennecott 1/ Chile B

Bank of America Vietnam A

First Pa. Overseas Philippines A

Engelhard Min & U.S. Steel Bolivia B

Walsh Cons. Co. Sudan B

N. Ind. Brass Co. Chile B

Int'l Chem. Fiber Chile A

F. Nat'l Ct. Bank Chile B

Extractive

Banking

Banking

Extractive

Const.

Brass Fit.

Polyesters

Banking

$66,908,494

$54,847

$16,371

$8,000,000

$222,351

$110,000

$29,494

$66,503

$38,709,753

$54,847

$16,371

$0

$222,351

$110,000

$29,494

$66,503

$66,908,494

$0

$0

$8,000,000

$0

$0

$0

$0

TYPES OF CLAIM

A - Inconvertibility

B - Expropriation

C - War Damage

F - Political Violence

INDUSTRY

$183,847 $183,847 $0

$22,000 $22,000 $0

TOTAL $205,847 $205,847 $0

$90,344 $90,344 $0

$26,340 $26,340 $0

$11,563 $11,563 $0

TOTAL $128,247 $128,247 $0

Refining $327,304 $327,304 $0

TOTAL $327,304 $327,304 $0

$2,700,000 $2,700,000 $0

$139,898 $139,898 $0

TOTAL $2,839,898 $2,839,898 $0

$319,576 $319,576 $0

$25,654 $25,654 $0

TOTAL $345,230 $345,230 $0

TOTAL $22,595,463 $5,047,195 $20,625,088

TYPE OF

CLAIM

SETTLEMENT

AMOUNT

CASH

AMOUNT

GUARANTY

INVESTOR COUNTRY AMOUNT

FY66

Foster Wheeler Turkey A

Rheem Mfg. Co. Philippines A

Steel

Metal

FY67

Pluswood Ind. Zaire A

Chase Manhattan Bank Dominican Republic C

First Nat'l Bank Dominican Republic C

Lumber

Banking

Banking

FY68

Valentine Pet. Haiti B

FY69

Indian Hd. Mills Nigeria B

Crow Cons. Co. Jordan C

Textiles

Const.

FY71

Chase Manhattan Bank Vietnam A

Bank of America Vietnam A

Banking

Banking
CLAIMS RESOLVED BY CASH SETTLEMENTS AND GUARANTIES - FY66 THROUGH FY22

TYPE OF

INVESTOR COUNTRY CLAIM

Ralston Purina Chile B

Gen. Sig. Co. Argentina A

Bank of America Vietnam A

Int'l Chem. Fiber Chile A

Socomet, Inc. Chile A

INDUSTRY

Feed

Sig. Dev.

Banking

Polyesters

Molybdenum

SETTLEMENT

AMOUNT

$212,000

$10,218

$325,323

$10,059

$71,445

CASH

AMOUNT

$212,000

$10,218

$325,323

$10,059

$71,445

GUARANTY

AMOUNT

$0

$0

$0

$0

$0

FY74

Bank of America Vietnam A

Chase Manhattan Bank Vietnam A

Anaconda Chile B

Johns-Man. Corp. Chile A

Fearn Foods Somalia B

Cabot Corp. Argentina A

GMAC Dominican Republic A

Cerro Corp. Chile B

Bank of America Vietnam A

Bank of America Chile A

Bank of America Chile A

Banking

Banking

Extractive

Asbestos

Fishing

C. Black

Auto

Extractive

Banking

Banking

Banking

$31,947

$26,316

$13,640,000

$5,805

$327,123

$1,000,000

$46,517

$12,070,850

$70,751

$463,207

$2,633,876

$31,947

$26,316

$13,640,000

$5,805

$327,123

$1,000,000

$46,517

$0

$70,751

$463,207

 $2,633,876

$0

$0

$0

$0

$0

$0

$0

$12,070,850

$0

$0

$0

FY75

Ensign Bickford Chile A

Bank of America Chile B

Georgia-Pacific Ecuador B

Socomet, Inc. Chile A

Int'l Chem. Fiber Chile B

Int'l Chem. Fiber Chile C

ITT Corp. Chile B

Reynolds 1/ Guyana B

Bank of America Vietnam A

Detonating

Banking

Veneer

Molybdenum

Polyesters

Polyesters

Telephone

Extractive

Banking

$19,800

$3,010,272

$100,000

$17,616

$103,000

$25,508

$94,091,531

$10,000,000

$67,124

$19,800

$3,010,272

$100,000

$17,616

$103,000

$25,508

$34,706,917

$4,563,750

$67,124

$0

$0

$0

$0

$0

$0

$59,384,614

$10,000,000

$0

FY77

McNally Pittsb. India A

Belbagco Bangladesh B

Belbagco Bangladesh C

Caltex Vietnam B

Int'l Dairy Vietnam B

Celanese Peru A

Cabot Corp. Colombia A

Coal

Jute

Jute

Petro.

Food Proc.

Fibers

C. Black

$58,076

$473,000

$387,000

$7,600

$978,437

$452,387

$326,346

$58,076

$473,000

$387,000

$7,600

$978,437

$452,387

$326,346

$0

$0

$0

$0

$0

$0

$0

TYPES OF CLAIM

A - Inconvertibility

B - Expropriation

C - War Damage

F - Political Violence

TOTAL $76,037,105 $39,838,364 $74,908,494

TOTAL $30,316,392 $18,245,542 $12,070,850

TOTAL $107,434,851 $42,613,987 $69,384,614

$12,500 $12,500 $0

$55,917 $55,917 $0

$60,620 $60,620 $0

TOTAL $129,037 $129,037 $0

FY76

Vinnell Corp. Bangladesh C

Wm. Atwell Kenya A

Caltex S. Rhodesia A

Const.

Tea

Petro.
CLAIMS RESOLVED BY CASH SETTLEMENTS AND GUARANTIES - FY66 THROUGH FY22

TYPE OF

INVESTOR COUNTRY CLAIM

Anaconda Chile B

Const. Aggregates 2/ Dominica B

INDUSTRY

Extractive

Const.

SETTLEMENT

AMOUNT

$95,092,138

$139,432

CASH

AMOUNT

$47,504,034

 $139,432

GUARANTY

AMOUNT

$47,588,104

$0

FY78

Bank of America/Petrodow II Chile A

Bank of America /Arauco III Chile A

Chase Int'l Invest. Corp. Zaire A

Union Carbide Ghana A

Cabot Corp. Colombia A

Singer Co. Vietnam B

Chase Manhattan Bank 1/ 3/ Vietnam B

Banking

Banking

Textiles

Batteries

C. Black

Sewing Mach.

Banking

$868,642

$4,397,727

$219,038

$250,673

$215,558

$15,719

$8,000,000

$0

$0

$219,038

$250,673

$215,558

$15,719

 $806,883

$868,642

$4,397,727

$0

$0

$0

$0

$0

FY79

Chase Int'l Invest. Corp. Zaire A

Union Carbide Ghana A

Freeport Minerals Indonesia C

American Home Products Turkey A

Compania Minera Peru A

Firestone Tire & Rubber Ghana A

Firestone Tire & Rubber Ghana A

Agricola Metals Chad B

Goodyear Tire & Rubber Zaire A

Goodyear Tire & Rubber Zaire A

Citibank Zaire A

Textiles

Batteries

Mining

Pharm.

Mining

Tires

Tires

Gum Arabic

Tires

Tires

Banking

$272,988

$143,798

$123,871

$85,999

$257,478

$869,275

$833,214

$67,500

$3,124,443

$928,723

$500,000

$272,988

$143,798

$123,871

$85,999

$257,478

$869,275

$833,214

$67,500

$3,124,443

$928,723

 $500,000

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

FY80

Goodyear Tire & Rubber Zaire A

Goodyear Tire & Rubber Zaire A

American Standard Nicaragua A

Union Carbide Ghana A

General Mills Nicaragua A

Goodyear Tire & Rubber Zaire A

Goodyear Tire & Rubber Zaire A

Chase Int'l Invest. Corp. Zaire A

Union Carbide Sudan A

Union Carbide Sudan A

Goodyear Tire & Rubber Zaire A

Carnation Int'l Dominican Republic A

Transworld Agricultural Iran B

Union Carbide Sudan A

Citizens Std. Life Insur. Nicaragua A

Firestone Tire & Rubber Ghana A

Sears, Roebuck & Co. Nicaragua C

General Mills Nicaragua A

Firestone Tire & Rubber Ghana A

Tires

Tires

Vitreous Ware

Batteries

Flour

Tires

Tires

Textiles

Batteries

Batteries

Tires

Dairy

Farming

Batteries

Insurance

Tires

Retail

Flour

Tires

$118,486

$57,750

$83,160

$143,944

$108,522

$28,875

$91,544

$135,550

$377,845

$1,022,155

$1,354,207

$953,464

$15,164

$500,000

$69,300

$344,285

$247,115

$276,150

$1,080,457

$118,486

$57,750

$83,160

$143,944

$108,522

$28,875

$91,544

$135,550

$377,845

$1,022,155

$1,354,207

$953,464

$15,164

$500,000

$69,300

$344,285

$247,115

$276,150

$1,080,457

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

TYPES OF CLAIM

A - Inconvertibility

B - Expropriation

C - War Damage

F - Political Violence

TOTAL $97,914,416 $50,326,312 $47,588,104

TOTAL $13,967,357 $1,507,871 $5,266,369

TOTALS $7,207,289 $7,207,289 $0
CLAIMS RESOLVED BY CASH SETTLEMENTS AND GUARANTIES - FY66 THROUGH FY22

TYPE OF

INVESTOR COUNTRY CLAIM

Morton-Norwich Ecuador A

General Mills Nicaragua C

Revere Copper & Brass Jamaica B

Foremost McKesson Iran B

Continental Milling Zaire A

Continental Milling Zaire A

Firestone Tire & Rubber Ghana A

Citizens Std. Life Insur. Nicaragua A

Crocker Int'l Invest. Corp. Zaire A

Goodyear Tire & Rubber Zaire A

Gillette Corp. Iran A

INDUSTRY

Salt

Flour

Bauxite

Dairy

Flour

Flour

Tires

Insurance

Banking

Tires

Razors

SETTLEMENT

AMOUNT

$71,305

$16,775

$1,313,979

$270,724

$2,300,000

$316,000

$1,079,568

$37,977

$31,756

$87,020

$478,996

CASH

AMOUNT

$71,305

$16,775

$1,313,979

$270,724

$2,300,000

$316,000

$1,079,568

$37,977

$31,756

$87,020

$478,996

GUARANTY

AMOUNT

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

FY81

Firestone Tire & Rubber Ghana A

Warner Lambert Dominican Republic A

Carnation Int'l Dominican Republic A

Ralston Purina Nicaragua C

Citizens Std. Life Insur. Nicaragua A

Goodyear Tire & Rubber Zaire A

Cabot Corp. Iran B

Chase Int'l Invest. Corp. Zaire A

Goodyear Tire & Rubber Zaire A

General Mills Nicaragua A

Kimberly Clark El Salvador A

Citizens Std. Life Insur. Nicaragua A

Goodyear Tire & Rubber Zaire A

Firestone Tire & Rubber Ghana A

Phelps Dodge Corp. Iran B

General Mills Nicaragua A

Goodyear Tire & Rubber Zaire A

Crocker Int'l Invest. Corp. Zaire A

Goodyear Tire & Rubber Zaire A

Foremost McKesson Iran B

Firestone Tire & Rubber Ghana A

Dresser Industries Iran B

Firestone Tire & Rubber Ghana A

Tires

Pharm.

Dairy

Feed

Insurance

Tires

C. Black

Textiles

Tires

Flour

Paper

Insurance

Tires

Tires

Wire

Flour

Tires

Banking

Tires

Dairy

Tires

Const.

Tires

$330,455

$194,000

$347,566

$12,066

$74,110

$233,678

$2,584,986

$130,722

$1,158,054

$35,491

$348,301

$44,882

$242,608

$229,607

$2,012,000

$35,491

$987,741

$10,703

$67,941

$3,722,291

$7,116,636

$896,152

$172,690

$330,455

$194,000

$347,566

$12,066

$74,110

$233,678

$2,584,986

$130,722

$1,158,054

$35,491

$348,301

$44,882

$242,608

$229,607

$2,012,000

$35,491

$987,741

$10,703

$67,941

$3,722,291

$7,116,636

$896,152

 $172,690

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

FY82

Union Carbide Ghana A

Gillette Corp. Iran B

Union Carbide Sudan A

Morrison-Knudsen 2/ Benin B

Intercontinental Hotels Iran B

Carrier Corp. Iran B

CPC Europe Group Iran B

Chase Int'l Invest. Corp. Zaire A

General Mills Nicaragua A

Batteries

Razors

Batteries

Const.

Hotels

Air Cond.

Glucose

Textiles

Grain

$75,600

$164,853

$1,403,267

$3,978,692

$1,754,832

$2,395,000

$236,000

$84,090

$44,346

$75,600

$164,853

$1,403,267

$3,978,692

$1,754,832

$2,395,000

$236,000

$84,090

$44,346

$0

$0

$0

$0

$0

$0

$0

$0

$0

TYPES OF CLAIM

A - Inconvertibility

B - Expropriation

C - War Damage

F - Political Violence

TOTAL $13,012,073 $13,012,073 $0

TOTAL $20,988,171 $20,988,171 $0
CLAIMS RESOLVED BY CASH SETTLEMENTS AND GUARANTIES - FY66 THROUGH FY22

TYPE OF

INVESTOR COUNTRY CLAIM

Foremost McKesson Iran B

Kimberly Clark El Salvador A

Equator Bank Sudan A

Equator Bank Sudan A

Phelps Dodge Corp. El Salvador A

Union Carbide Ghana A

INDUSTRY

Dairy

Paper

Banking

Banking

Wire

Batteries

SETTLEMENT

AMOUNT

$15,000

$417,949

$2,157,902

$1,061,553

$393,612

$109,000

CASH

AMOUNT

$15,000

$417,949

$2,157,902

$1,061,553

$393,612

$109,000

GUARANTY

AMOUNT

$0

$0

$0

$0

$0

$0

FY83

Otis Elevator Iran B

Firestone Tire & Rubber Ghana A

Kimberly Clark El Salvador A

American Standard Nicaragua C

American Can Dominican Republic A

Firestone Tire & Rubber Ghana A

Gillette Corp. Iran B

Cabot Corp. Argentina A

Citizens Std. Life Insur. Nicaragua A

Equator Bank Sudan A

Chase Int'l Invest. Corp. Zaire A

Kimberly Clark El Salvador A

Citizens Std. Life Insur. Nicaragua A

Firestone Tire & Rubber Ghana A

Union Carbide Sudan A

Union Carbide Ghana A

Equator Bank Sudan A

Elevators

Rubber

Paper

Ceramics

Containers

Tires

Razors

C. Black

Insurance

Banking

Textiles

Paper

Insurance

Tires

Batteries

Batteries

Banking

$460,305

$406,890

$582,051

$84,842

$1,064,452

$112,472

$48,421

$792,000

$138,370

$969,341

$102,141

$696,602

$39,185

$123,319

$196,732

$1,045

$871,841

$460,305

$406,890

$582,051

$84,842

$1,064,452

$112,472

$48,421

$792,000

$138,370

$969,341

$102,141

$696,602

$39,185

$123,319

$196,732

$1,045

 $871,841

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

FY84

Chase Manhattan Bank Guyana A

Kimberly Clark El Salvador A

Armco Philippines A

Philippine Geothermal Philippines A

Chase Int'l Invest. Corp. Zaire A

Bank of America Bolivia A

General Foods Philippines A

Armco Philippines A

Kimberly Clark Philippines A

Equator Bank Sudan A

Armco Philippines A

Bank of America 1/ 3/ Vietnam B

Armco Philippines A

Firestone Tire & Rubber Ghana A

Citizens Std. Life Insur. Nicaragua A

Gulf & Western Dominican Republic A

Armco Philippines A

Firestone Tire & Rubber Ghana A

Kimberly Clark Philippines A

Equator Bank Sudan A

Banking

Paper

Steel

Energy

Textiles

Banking

Grain

Steel

Paper

Banking

Steel

Banking

Steel

Tires

Insurance

Sugar

Steel

Tires

Paper

Banking

$650,000

$803,377

$297,000

$3,960,000

$21,168

$56,938

$517,606

$345,257

$178,200

$2,643,109

$181,972

$6,000,000

$296,957

$316,150

$86,319

$11,258,364

$124,709

$518,810

$163,214

$2,685,559

$650,000

$803,377

$297,000

$3,960,000

$21,168

$56,938

$517,606

$345,257

$178,200

$2,643,109

$181,972

$629,618

$296,957

$316,150

$86,319

$11,258,364

$124,709

$518,810

$163,214

$2,685,559

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

TYPES OF CLAIM

A - Inconvertibility

B - Expropriation

C - War Damage

F - Political Violence

TOTAL $14,291,696 $14,291,696 $0

TOTAL $6,690,009 $6,690,009 $0
CLAIMS RESOLVED BY CASH SETTLEMENTS AND GUARANTIES - FY66 THROUGH FY22

TYPE OF

INVESTOR COUNTRY CLAIM

Universal Foods Philippines A

Universal Foods Philippines A

INDUSTRY

Baking

Baking

SETTLEMENT

AMOUNT

$19,852

$12,716

CASH

AMOUNT

$19,852

$12,716

GUARANTY

AMOUNT

$0

$0

FY85

Citibank Dominican Republic A

General Foods Philippines A

Kimberly Clark El Salvador A

Chase Manhattan Bank Dominican Republic A

Seaboard Guyana A

Morgan Guaranty Philippines A

Armco Philippines A

Armco Philippines A

Bank of America Dominican Republic A

Kimberly Clark Philippines A

Philip Morris Dominican Republic A

Atitlan Guatemala A

Equator Bank Sudan A

Bank of America Dominican Republic A

Kimberly Clark Philippines A

Kimberly Clark Philippines A

Atitlan Guatemala A

Kimberly Clark Philippines A

General Foods Philippines A

Equator Bank Sudan A

Seaboard Sierra Leone A

Atitlan Guatemala A

Banking

Grain

Paper

Banking

Mill

Banking

Steel

Steel

Banking

Paper

Tobacco

Pipes

Banking

Banking

Paper

Paper

Pipes

Paper

Grain

Banking

Mill

Pipes

$1,844,981

$183,115

$1,344,362

$1,043,495

$1,242,564

$363,598

$112,640

$297,000

$1,680,000

$100,265

$498,000

$198,180

$2,545,540

$1,000,000

$178,200

$343,888

$159,748

$82,253

$163,858

$2,339,791

$645,581

$452,072

$1,844,981

$183,115

$1,344,362

$1,043,495

$1,242,564

$363,598

$112,640

$297,000

$1,680,000

$100,265

$498,000

$198,180

$2,545,540

$1,000,000

$178,200

$343,888

$159,748

$82,253

$163,858

$2,339,791

$645,581

 $452,072

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

FY86

Equator Bank Sudan A

Kimberly Clark Philippines A

Kimberly Clark El Salvador A

Kimberly Clark Philippines A

Phelps Dodge Corp. El Salvador A

Bernard Sal. 4/ St. Kitts B

Seaboard Sierra Leone A

Kimberly Clark Philippines A

Kimberly Clark Philippines A

Seaboard Sierra Leone A

Banking

Paper

Paper

Paper

Wire

Fishing

Mill

Paper

Paper

Mill

$1,398,060

$356,400

$769,518

$138,356

$136,558

$180,000

$207,584

$178,200

$117,285

$42,416

$1,398,060

$356,400

$769,518

$138,356

$136,558

$180,000

$207,584

$178,200

$117,285

$42,416

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

FY87

Freeport McMoran Indonesia F

Kimberly Clark Philippines A

Kimberly Clark Philippines A

Standard Fruit 7/ Nicaragua B

Gillette Corp. Iran B

Mining

Paper

Paper

Agriculture

Razors

$201,128

$104,291

$178,200

$2,000,000

$920,700

$201,128

$104,291

$178,200

$2,000,000

$920,700

$0

$0

$0

$0

$0

TYPES OF CLAIM

A - Inconvertibility

B - Expropriation

C - War Damage

F - Political Violence

TOTAL $31,137,277 $25,766,895 $0

TOTAL $16,819,131 $16,819,131 $0

TOTAL $3,524,377 $3,524,377 $0
CLAIMS RESOLVED BY CASH SETTLEMENTS AND GUARANTIES - FY66 THROUGH FY22

FY89

Phelps Dodge Corp. Honduras A

Ralph Mathieu 4/ Haiti B

Philip Morris Dominican Republic A

Hoyt & Worthen Haiti F

Phelps Dodge Corp. Honduras A

Wire

Farming

Tobacco

Tanning

Wire

$326,561

$30,000

$2,080,565

$45,534

$357,209

$326,561

$30,000

$2,080,565

$45,534

 $357,209

$0

$0

$0

$0

$0

FY90

Phelps Dodge Corp. Honduras A

Citibank Dominican Republic A

Kimberly Clark Honduras A

Philip Morris Dominican Republic A

Chase Manhattan Bank Dominican Republic A

Chase Manhattan Bank Dominican Republic A

Wire

Banking

Paper

Tobacco

Banking

Banking

$470,775

$1,495,186

$300,960

$1,640,331

$799,762

$799,762

$470,775

$1,495,186

$300,960

$1,640,331

$799,762

 $799,762

$0

$0

$0

$0

$0

$0

FY91

Keene Industries Liberia F

Tea Importers Rwanda F

Kimberly Clark Panama F

Zachary & Dillingham 2/ Sri Lanka B

Rubber

Tea

Paper

Const.

$2,429,352

$6,169

$55,911

$30,000,000

$2,429,352

$6,169

$55,911

$0

$0

$0

$0

 $30,000,000

FY93

Haitian Tropical Haiti F

Continental Grain Brazil A

Keene Industries Liberia F

Keene Industries Liberia F

Schwartz/Jacobowitz Yugoslavia F

Farming

Grain

Rubber

Rubber

Jewelry

$434,110

$72,288

$1,110,894

$1,674,843

$155,644

$434,110

$72,288

$1,110,894

$1,674,843

 $155,644

$0

$0

$0

$0

$0

TYPES OF CLAIM

A - Inconvertibility

B - Expropriation

C - War Damage

F - Political Violence

INDUSTRY

Farming

TOTAL $3,428,529 $3,428,529 $0

$1,321,467 $1,321,467 $0

$980,854 $980,854 $0

TOTAL $2,302,321 $2,302,321 $0

TOTAL $2,839,869 $2,839,869 $0

TOTAL $5,506,776 $5,506,776 $0

TOTAL $32,491,432 $2,491,432 $30,000,000

$0

$0

$0

TOTAL $2,229,912 $2,229,912 $0

SETTLEMENT

AMOUNT

$24,210

CASH

AMOUNT

$24,210

GUARANTY

AMOUNT

$0

TYPE OF

INVESTOR COUNTRY CLAIM

Caribe Crown Haiti F

FY88

Philippine Geothermal Philippines C

Seaboard Guyana A

Energy

Mill

FY92

Carter Day 4/ 5/ Egypt B

Continental Grain Brazil A

Henry R. Jahn 5/ Syria B

Hoyt & Worthen Haiti F

Seed

Grain

Farming

Tanning

$43,750

$2,009,894

$20,371

$155,897

$43,750

$2,009,894

$20,371

 $155,897
CLAIMS RESOLVED BY CASH SETTLEMENTS AND GUARANTIES - FY66 THROUGH FY22

TYPES OF CLAIM

A - Inconvertibility

B - Expropriation

C - War Damage

F - Political Violence

TOTAL

INDUSTRY

$3,447,779 $3,447,779 $0

$185,885 $185,885 $0

$53,966 $53,966 $0

$305,900 $305,900 $0

TOTAL $545,751 $545,751 $0

$319,091 $319,091 $0

$178,429 $178,429 $0

TOTAL $497,520 $497,520 $0

$21,000 $21,000 $0

$1,500,000 $1,500,000 $0

TOTAL $1,521,000 $1,521,000 $0

$8,317 $8,317 $0

$1,561 $1,561 $0

$5,900,000 $5,900,000 $0

TOTAL $5,909,879 $5,909,879 $0

$3,950,000 $3,950,000 $0

$14,204,500 $14,204,500 $0

TOTAL $18,154,500 $18,154,500 $0

$1,494,000 $1,494,000 $0

$17,700,000 $17,700,000 $0

TOTAL $19,194,000 $19,194,000 $0

$217,500,000 $217,500,000 $0

$9,563 $9,563 $0

$1,055,607 $1,055,607 $0

TOTAL $218,565,170 $218,565,170 $0

Banking $3,750,000 $3,750,000 $0

TYPE OF

CLAIM

SETTLEMENT

AMOUNT

CASH

AMOUNT

GUARANTY

INVESTOR COUNTRY AMOUNT

FY94

Agronom Zaire F

Tea Importers Rwanda F

Haitian Tropical Haiti F

Farming

Tea

Farming

FY95

Charles Hoyt Haiti F

Tea Importers Rwanda F

Tanning

Tea

FY96

Andre Greenhouses Inc. Dominican Republic F

Nord Resources Corp 6/ Sierra Leone F

Agriculture

Mining

FY97

Tea Importers Rwanda F

C & W Trading Company, Inc Rwanda F

Alliant Techsystems Inc. Belarus B

Tea

Tea

Services

FY98

African Holding Company Zaire F

Nord Resources Corp Sierra Leone F

Manufacturing

Mining

FY99

Joseph Companies Inc. Jamaica B

Ukraine B

Manufacturing

Services

FY00

MidAmerican Energy Holdings Indonesia B

F.C. Schaffer & Associates Ethiopia F

Citibank, N.A. Sudan B

Power

Manufacturing

Banking

FY01

Citibank, N.A. Sudan B

**Information has been redacted in accordance with the two principled exceptions of the Foreign Aid Transparency and Accountability Act

(FATAA) of 2016; including the health and security of implementing partners, as well as national interest of the United States.

**
CLAIMS RESOLVED BY CASH SETTLEMENTS AND GUARANTIES - FY66 THROUGH FY22

FY03

Sector Capital Corp. Colombia F

Sector Capital Corp. Colombia F

Sector Capital Corp. Colombia F

Sector Capital Corp. Colombia F

Bank of America India B

Mining

Mining

Mining

Mining

Banking

$170,979

$114,565

$114,419

$114,447

$28,139,505

$170,979

$114,610

$114,439

$114,447

 $28,139,505

$0

$0

$0

$0

$0

FY04

Ben Dabhol Holdings Ltd. India B

GE Capital Project Finance India B

Sector Capital Corp. Colombia F

Sector Capital Corp. Colombia F

Afghanistan F

Bank of America, NA 4/ 8/ Colombia B

Bechtel India Power Investment 4/ 9/ India B

GE EFS India Holdings 4/ 9/ India B

Offshore Power Production CV 4/ 9/ India B

Scientific Applications Int'l Corp Venezuela B

AES Corp. 4/ Colombia B

Sector Capital Corp. Colombia F

Power

Power

Mining

Mining

Services

Power

Power

Power

Power

Services

Power

Mining

$31,744,922

$31,803,775

$114,426

$114,408

$29,857

$7,600,000

$9,995,000

$9,995,000

$400,000

$5,875,000

$3,200,000

$36,923

$31,740,226

$31,808,471

$114,426

$114,408

$29,857

$7,600,000

$9,995,000

$9,995,000

$400,000

$5,875,000

$3,200,000

$36,923

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

$0

FY06

Western Wireless Int'l Corp. Haiti F

Team Technology Inc. Eritrea B

Afghanistan F

Caterpillar Financial Serv. Corp. Venezuela A

Telecom

Manufacturing

Manufacturing

Transportation

$54,209

$91,875

$19,970

$2,644,989

$54,209

$91,875

$19,970

 $2,644,989

$0

$0

$0

$0

TYPES OF CLAIM

A - Inconvertibility

B - Expropriation

C - War Damage

F - Political Violence

INDUSTRY

Mining $2,369,736 $2,369,736 $0

TOTAL $2,369,736 $2,369,736 $0

TOTAL $28,653,915 $28,653,980 $0

TOTAL $100,909,311 $100,909,311 $0

Oil and Gas $50,000,000 $50,000,000 $0

Total $50,000,000 $50,000,000 $0

Total $2,811,043 $2,811,043 $0

Mining $75,548 $75,548 $0

Total $75,548 $75,548 $0

TYPE OF

CLAIM

SETTLEMENT

AMOUNT

$3,750,000

CASH

AMOUNT

 $3,750,000

GUARANTY

AMOUNT

$0

INVESTOR COUNTRY

TOTAL

FY02

Sector Resources/Sector Capital Colombia F

FY05

Ponderosa Assets LP Argentina B

FY07

Sector Resources, Ltd. Colombia F

**Information has been redacted in accordance with the two principled exceptions of the Foreign Aid Transparency and Accountability Act

(FATAA) of 2016; including the health and security of implementing partners, as well as national interest of the United States.

**

**
CLAIMS RESOLVED BY CASH SETTLEMENTS AND GUARANTIES - FY66 THROUGH FY22

FY09

International Rescue Committee DRC F

Afghanistan F

International Rescue Committee Chad F

Afghanistan F

Services

Services

Services

Services

$36,232

$38,257

$130,680

$1,000

$36,232

$38,257

$130,680

$1,000

$0

$0

$0

$0

TYPES OF CLAIM

A - Inconvertibility

B - Expropriation

C - War Damage

F - Political Violence

INDUSTRY

Services $1,980,000 $1,980,000 $0

Total $1,980,000 $1,980,000 $0

Total $206,169 $206,169 $0

FY10

0 Claims paid

Construction $1,034,574 $1,034,574 $0

Total $1,034,574 $1,034,574 $0

Mill $38,027 $38,027 $0

Total $38,027 $38,027 $0

$1,384,872 $1,384,872 $0

$4,559,721 $4,559,721 $0

Total $5,944,593 $5,944,593 $0

Services $64,515 $64,515 $0

Total $64,515 $64,515 $0

$106,188 $106,188 $0

$217,853 $217,853 $0

$38,556 $38,556 $0

Total $362,597 $362,597 $0

$73,712 $73,712 $0

$76,943 $76,943 $0

$150,655 $150,655 $0

Services $98,621 $98,621 $0

SETTLEMENT

AMOUNT

CASH

AMOUNT

GUARANTY

AMOUNT

TYPE OF

INVESTOR COUNTRY CLAIM

FY08

Uniworld Holdings, Ltd. Serbia B

FY11

Global Forestry Mgmt Group Russia B

FY 12

Seaboard Overseas Limited Zambia F

FY 13

American Int'l School of Bamako Mali F

Caterpillar Financial Services Corp. Venezuela B

School

Transportation

FY 14

International Rescue Committee African Republic F

F15

International Rescue Committee South Sudan F

International Rescue Committee Central African Repub. F

International Rescue Committee South Sudan F

Services

Services

Services

FY16

International Rescue Committee Yemen F

International Rescue Committee Central African Repub. F

Services

Services

FY17

International Rescue Committee S. Sudan F

**Information has been redacted in accordance with the two principled exceptions of the Foreign Aid Transparency and Accountability Act

(FATAA) of 2016; including the health and security of implementing partners, as well as national interest of the United States.

**

**
CLAIMS RESOLVED BY CASH SETTLEMENTS AND GUARANTIES - FY66 THROUGH FY22

FY19

CHUBB Ghana B

Chemonics Azerbaijan B

Reinsurance

Services

TYPES OF CLAIM

A - Inconvertibility

B - Expropriation

C - War Damage

F - Political Violence

INDUSTRY

FY18

0 claims paid

Total

FY20

0 claims paid

FY21

Southern Energy Partners India B

Total

FY22

Not disclosed Not disclosed A Not disclosed $285,209 $285,209 $0

Ukraine F Reinsurance $45,000,000 $45,000 $0

Total $45,285,209 $45,285,209 $0

$1,047,083,827 $821,027,196 $259,843,519

1/ For these claims, cash was subsequently paid under the guaranty or indemnity, hence there was no corresponding increase in the overall settlement amount.

2/ Claims for failure to adhere to dispute resolution procedure or honor arbitral award.

3/ Claims for Chase Manhattan and Bank of America in Vietnam were settled not by guaranties but by indemnity agreements for $8,000,000 and $6,000,000, respectively.

4/ Without determining that expropriatory action had occurred, OPIC and the investor agreed on a negotiatied sum in settlement of the claim, avoiding a contest over complex and

ambiguous legal and factual issues.

5/ Claim for wrongful calling of an on-demand guaranty.

6/ Pending completion of the investor’s application for compensation, OPIC agreed to make a $2,000,000 provisional payment, $1,500,000 of which was paid. In 1998, the investor

established its claim for compensation up to the contract limit, and OPIC paid an additional $14,204,500.

TYPE OF

CLAIM

SETTLEMENT

AMOUNT

$98,621

CASH

AMOUNT

$98,621

GUARANTY

AMOUNT

$0

INVESTOR COUNTRY

Total

GRAND TOTAL l

$20,659,639 $20,659,639 $0

$18,195 $18,195 $0

$20,677,834 $20,677,834 $0

Energy $125,872 $125,872 $0

$125,872 $125,872 $0

**Information has been redacted in accordance with the two principled exceptions of the Foreign Aid Transparency and Accountability Act

(FATAA) of 2016; including the health and security of implementing partners, as well as national interest of the United States.

**
CLAIMS RESOLVED BY CASH SETTLEMENTS AND GUARANTIES - FY66 THROUGH FY22

TYPES OF CLAIM

A - Inconvertibility

B - Expropriation

C - War Damage

F - Political Violence

TYPE OF SETTLEMENT CASH GUARANTY

INVESTOR COUNTRY CLAIM INDUSTRY AMOUNT AMOUNT AMOUNT

7/ Standard Fruit filed its expropriation claim with OPIC in 1983, seeking compensation in the amount of $3,000,000 (the policy limit). As means ofsettling the claim without

prejudicing the investor’s position in pending litigation with the foreign government, OPIC made an advance payment of $2,000,000, subject to a confidentiality agreement and with

the understanding that Standard Fruit could later present arguments that it should be paid the remaining $1,000,000, should the litigation produce additional relevant evidence. The

investor and foreign government eventually settled their claims and counterclaims. OPIC denied the investor’s request for an additional payment. OPIC and the investor agreed in

1998 on a mutually acceptable public statement about the claim, and the advance payment then became final and disclosable.

8/ The settlement amount includes a provisional payment in the amount of $4,372,492 made on November 27, 2002, which was made final by the terms of the settlement.

9/ These three payments were all in settlement of the claim of Offshore Power Production CV, an affiliate of Enron Corp.
Historical Insurance Claims 

Report

Claims Denied by OPIC

FY71 through September 30, 2022

DATE DATE OF TYPE OF AMOUNT

PAYMENTS 

AFTER

DENIED INVESTOR INDUSTRY COUNTRY CLAIM CLAIM 2/ OF CLAIM ARBITRATION

12/31/1971 W. R. Belcher Lumbering C. Rica 7/3/1970 B 143,144

5/8/1972 Transworld Sea Seafood India 2/2/1972 A 42,000

9/14/1972 Caltex UK Refinery S. Rhodesia 11/19/1971 A 60,000

9/20/1972 Anaconda Co. Extractive Chile 2/11/1972 B 154,000,000 95,092,138

11/9/1972 Int'l Bank of Wash. Lumbering Dom. Rep. 3/7/1969 B 318,000

3/26/1973 Bank of America Banking Chile 12/5/1972 A 2,913,021

4/9/1973 ITT Corp. Communication Chile 10/8/1971 B 95,066,000 94,091,531

7/19/1976 Caltex Petro. Viet Nam 10/30/1975 B 9,600

6/10/1977 Revere Extractive Jamaica 4/14/1976 B 90,475,200 1,313,979

4/3/1979 American Home Prod. Pharmaceutical Turkey 8/30/1977 B 18,012

1/26/1982 American Home Prod. Pharmaceutical Turkey 11/27/1979 B 287,800 

8/27/1982 Beckman Instruments Electronics El Salvador 6/25/1980 C 1,440,000

12/21/1982 Algodonera Weil Cotton Nicaragua 11/12/1982 B 247,500

7/9/1986 Caribe Crown Farming Haiti 4/22/1985 F 67,190

1/7/1993 Good Fortune Gold Jewelry Yugoslavia 11/30/1992 F 386,000 155,644

8/26/1994 Green Mining, Inc. Bauxite Mining Guyana 2/3/1994 B 11,675,300

8/4/1995 African Holding Co. Tire Production Zaire 3/24/1992 C 4,467,164 3,950,000

9/6/1996 Bank of Boston Banking Venezuela 1/30/1996 A 334,904

7/13/1999 Marine Shipping Corp.

Agriculture/Offloading 

Services Egypt 9/14/1993 B 3,030,746
5/2/2000 Cuirs Hawtan

Leather 

Tanning Haiti 1/21/1999B 121,271

5/3/2000

Great American Life 

Corp Life Insurance Russia 11/17/1998B 351,000

8/5/2002

Bucheit International 

Ltd

Construction of 

buildings

Gaza/West 

Bank 8/1/2000B 639,000

7/9/2002

First Trust of New York 

(TGN)

Expansion of 

gas pipeline Argentina 2/11/2002A 9,800,000

10/9/2002

BEn Dabhol Holdings 

Ltd. Power India 12/17/2001B 28,750,000 31,744,923

10/3/2002

GE Capital Project 

Finance Power India 12/10/2001B 28,750,000 31,803,775

12/22/2004

BelFinance Haussman 

LLC Banking Georgia 10/16/2002B 500,000

12/1/2006 ROTA International

Cashews 

Exporting

Guinea 

Bissau 10/6/2006B 810,000

4/24/2007

St. Michael Enterprises 

d.o.o.

Lime and Stone 

Quarry Serbia 10/2003B 135,000

3/23/2011

Juice Bottling 

Facility Afghanistan 2/1/2010F 2,000,000

8/23/2012 Sector Resources Mining Colombia 2/22/2011F 112,846

2013-2023------

TOTALS $436,950,698 $258,151,990 
Historical Insurance Claims Report

Claims Withdrawn

As of September 30, 2022

CALENDAR

 YEAR TYPE NUMBER AMOUNT

1971 B 1 500,000

1972 A 1 596,000

1972 A/B 1 70,000

1973 B 1 300,000

1973 A 2 180,000

1974 B 1 8,969,452

1976 A 2 841,649

1976 B 1 400,000

1977 A 1 14,000

1978 A 1 335,680

1978 B 1 276,000

1978 Construction 1 431,466

1983 B 1 635,615

1983 A 3 2,940,000

1983 Construction 1 1,500,000

1983 B 1 451,008

1984 A 7 11,429,075

1985 A 3 2,592,230

1986 A 3 3,949,208

1986 B 1 40,000

1987 B 1 1,242,000

1987 F 1 330,647

1989 A 3 2,178,469

1989 C 1 20,914

1992 F 1 18,623

1994 F 1 18623

1994 F 1 1185011

1997 B 1 8,000,000

2000 F 1 325,553

2000 F 1 94,500

2001 - 0 0

2002 - 0 0

2003 - 0 0

2004 A 1 1,384,767

2004 B 1 17,010,000
2005

-00

2006-00

2007B2 2,082,544

2008B1 1,107,572

2008F1 191,114

2009B2 2,780,506

2010-00

2011---

2012B2 23,255,877

2013---

2014---

2015---

2016---

2017---

2022 855,000

TOTALS 56$98,533,103