Lisbon Mayor Carlos Moedas labelled statements made by transport insurer Fidelidade “shameful” and “deplorable” in a dispute over compensation for a fatal Glória funicular (Elevador da Glória) derailment. Fidelidade denied that it is refusing payouts to victims and families, but defended court filings challenging a €125,000 wrongful death claim as excessive based on standard legal valuation criteria for human life. The insurer stated that it has already paid or assumed liability for initial expenses and remains open to settling fair compensation.
Lisbon Mayor Condemns Insurer Over Glória Funicular Death Claim

Context & Explainers

Carlos Manuel Félix Moedas (born August 10, 1970, in Beja) is a civil engineer, economist, and center-right politician who has served as Mayor of Lisbon since October 2021. He earned degrees in civil engineering from Instituto Superior Técnico and an MBA from Harvard, working at Goldman Sachs and founding his own investment firm before entering politics. During Portugal's 2011-14 bailout, he served as Secretary of State coordinating Troika-mandated structural reforms. From 2014-19, he was European Commissioner for Research, Science and Innovation, managing €77 billion in research funding and designing the €100 billion Horizon Europe program. Moedas narrowly won Lisbon's mayoralty in 2021 with 34.3%, defeating Socialist incumbent Fernando Medina. Governing initially with a minority coalition, he implemented free public transport for youth and elderly residents, launched the "Unicorn Factory Lisboa" innovation hub attracting 82 tech companies and 16,000 jobs, and won Lisbon the 2023 European Capital of Innovation award. He was re-elected in October 2025 with 41.7%, securing eight of nine council seats. His significance lies in shifting Lisbon's political trajectory rightward after decades of Socialist governance, positioning the capital as a European tech hub while prioritizing housing development, carbon neutrality by 2030, and innovation-driven economic growth.
The Glória funicular (Elevador da Glória) is a historic cable railway in Lisbon that connects the Baixa district to the Bairro Alto neighborhood. Opened in 1885, it is one of the city's iconic yellow trams and serves as a public transport link for residents and tourists navigating the steep hills of the city.
6 sources for this update
- Glória Funicular: Fidelidade denies refusing compensation to victims and their familiescnnportugal.iol.pt ·
- Glória funicular derailment: Fidelidade denies refusing compensation to victims and familiesdn.pt ·
- Lisbon City Council considers Fidelidade's statements 'shameful'rtp.pt ·
- Lisbon City Council deems statements by Fidelidade 'shameful'cmjornal.pt ·
- Accident/Elevator: Lisbon City Council deems Fidelidade's statements "shameful"eco.sapo.pt ·
- Moedas considers Fidelidade's statements 'shameful'observador.pt ·
Last 7 days · #10 in top news
How this story developed
2 updates · 10 sources · 2 days (26–28 Oct)
The 7-day top news ranks stories by how widely they were covered over 7 days. These are the updates and sources that counted.
Lisbon Mayor Condemns Insurer Over Glória Funicular Death Claim
6 sources · You’re reading this
All 10 sources in the last 7 days
Mon 26 Oct
- Fidelidade deems 125,000 euro compensation for death on Glória Funicular excessiveeco.sapo.pt ·
- Bereaved family "perplexed" after insurance company claims Glória funicular "was not reliable"cmjornal.pt ·
- Bereaved family in shock as insurer concedes Lisbon funicular was unreliablePortugal Resident ·
- Insurance company says Glória funicular was 'not reliable'observador.pt ·
Wed 28 Oct
- Glória Funicular: Fidelidade denies refusing compensation to victims and their familiescnnportugal.iol.pt ·
- Glória funicular derailment: Fidelidade denies refusing compensation to victims and familiesdn.pt ·
- Lisbon City Council considers Fidelidade's statements 'shameful'rtp.pt ·
- Lisbon City Council deems statements by Fidelidade 'shameful'cmjornal.pt ·
- Accident/Elevator: Lisbon City Council deems Fidelidade's statements "shameful"eco.sapo.pt ·
- Moedas considers Fidelidade's statements 'shameful'observador.pt ·





