Latest Mexico Headlines
All the headlines from our Mexico Topic Page, ordered by recency.
Appeals Court OKs Affordable Care Act’s Risk Payments to Insurers
Jan 2 2020 // A U.S. appeals court upheld the validity of a federal program governing the payment of billions of dollars to insurers under the Affordable Care Act, reversing a lower court ruling that had prompted the White House to...
AXA XL Buys London-Based Title Insurance Agency, Agrees to Buy Mexico Title Insurer
Nov 27 2019 // AXA XL announced it has completed the acquisition of Secure Legal Title Ltd., a London-based insurance agency and Lloyd’s approved coverholder, with operations in the U.K., Europe, India and the Americas. Founded in...
Trump Signs Month-Long Government Funding That Includes Flood Insurance Program
Nov 21 2019 // President Donald Trump signed legislation on Thursday that will extend funding for a wide range of federal agencies through Dec. 20 and avoid partial government shutdowns that otherwise would have begun on Friday. An...
Mexicans Sue Walmart Over Deadly Texas Shooting
Nov 21 2019 // Ten Mexican citizens have sued Walmart over the shooting at a store in the U.S. border town of El Paso, Texas, that killed eight Mexicans and left eight more injured, saying that Walmart did not do enough to protect its...
New Mexico Insurance Commissioner Franchini to Retire
Nov 18 2019 // New Mexico’s top insurance regulator is stepping down. The Albuquerque Journal reported that state Superintendent John Franchini has withdrawn his application to serve a third four-year term and instead plans to...
Pemex Oil Firm ‘Unaffected’ by Cyber Attack, Says Mexican Minister; Workers Disagree
Nov 15 2019 // A cyber attack on computer networks of the Mexican national oil company Pemex is “totally under control” and did not have any negative consequences, Security Minister Alfonso Durazo said on Thursday. The attack...
AM Best Comments on California Insurance Co. Ratings Following Regulatory Action
Nov 13 2019 // AM Best on Wednesday said the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” of California Insurance Co. and its pooled insurance affiliates, collectively referred to...
Ransomware Hackers Demand $5M from Mexico State Oil Firm Pemex
Nov 13 2019 // Hackers demanded about $5 million in bitcoin from Mexico’s Pemex, they told Reuters on Tuesday, saying the state oil firm missed a special discount by not paying immediately after a cyber attack that fouled up the...
Ransomware Attack Hits Mexico’s State Oil Firm Pemex
Nov 12 2019 // A ransomware attack hit computer servers and halted administrative work on Monday at Mexican state oil firm Pemex, according to employees and internal emails, in hackers’ latest bid to wring ransom from a major...
Court Orders California Insurance Company Conserved in Another Round in Applied Battle
Nov 5 2019 // Note: This story has been updated with a response from an Applied spokesman describing the actions by the California Department of Insurance as “an unusual Draconian attempt.” A San Mateo County Superior Court...
Sompo Global Risk Solutions Expands Mexico Capabilities, Hires Macias Romo
Oct 25 2019 // Sompo International Holdings Ltd. announced that the company has expanded its capabilities in Mexico with the addition of a new Sompo International Global Risk Solutions (GRS) team that will focus on serving clients in...
New Mexico Explains Role in Enabling Applied Underwriters Sale
Oct 24 2019 // The growing drama behind the $920 million sale of Berkshire Hathaway-owned Applied Underwriters to its founder Steven Menzies got another voice added to the story. The New Mexico Office of Superintendent of Insurance on...
Applied Underwriters Responds to California Department of Insurance Effort to Halt Sale
Oct 23 2019 // Applied Underwriters executives have responded to efforts by the California Department of Insurance to halt the sale of one of its subsidiaries and threaten to upend a reported $920 million deal that’s been in the...
California Balks at Applied Underwriters Sale, Questions Subsidiary’s Move to New Mexico
Oct 21 2019 // The California Department of Insurance has denied an application for approval of the sale of California Insurance Co., a subsidiary of Applied Underwriters that was sold in a massive deal that has been under scrutiny over...
New Mexico Men Accused in Arson, Insurance Fraud Case
Oct 18 2019 // Two men from San Juan County, N.M., are accused of committing arson and insurance fraud while allegedly setting up another man to take the fall. County sheriff’s officials say 54-year-old Patrick Roller and...
Lloyd’s to Open Miami Office to Expand Its Latin American and Caribbean Business
Sep 19 2019 // Lloyd’s plans to set up an office in Miami to support business development in the Latin American and Caribbean markets. “Latin America is a key market for Lloyd’s, with premium close to US$1.5...
SOBC DARAG Acquires New Mexico P&C Insurance Company
Sep 12 2019 // SOBC DARAG has acquired New Mexico P&C Insurance Co. SOBC DARAG has received approvals from New Mexico OSI and Florida OIR for the transaction. Terms of the deal weren’t disclosed. SOBC DARAG Holdings is...
$900K in Claims Paid to Settle Against Police Chief in New Mexico
Aug 28 2019 // The state of New Mexico acknowledged Monday that it paid out $900,000 to three State Police officials who complained of workplace discrimination and retaliation by the state’s former police chief. The payout is the...
Fake Claims, Price Gouging, Bogus Contractors: How Fraudsters Steal Disaster Aid
Aug 23 2019 // As the scale and frequency of major disasters escalate, millions of dollars in federal, state and insurance payments intended for recovery efforts are being stolen by fraudsters taking advantage of chaos and the pipeline...
Sompo Global Risk Solutions Forms Small Business Team in U.S., Mexico
Aug 12 2019 // Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has formed a new Sompo Global Risk Solutions (GRS) team offering insurance products to smaller...
