Latest Mexico Headlines
All the headlines from our Mexico Topic Page, ordered by recency.
Ratings: Safety Group, Virginia Farm, New Mexico Casualty, Mennonite Mutual
Mar 27 2014 // A.M. Best has upgraded the issuer credit ratings (ICR) to “a+” from “a” and affirmed the financial strength rating of ‘A’ (Excellent) for the subsidiaries of Safety Insurance Group,...
Ratings Roundup: Kazakhinstrakh, Seguros Inbursa, La Colonial, CIS
Mar 17 2014 // A.M. Best has affirmed the financial strength rating of ‘ B++’ (Good) and issuer credit rating of “bbb” of Kazakhstan’s Halyk-Kazakhinstrakh, Insurance Subsidiary Company of Halyk Bank of...
Bank Told To Pay $3.2M For New Mexico Foreclosure Despite Insurance
Mar 10 2014 // A New Mexico judge has issued a $3.2 million judgment against Wells Fargo & Co. for foreclosing on a man’s home after his death, even though he had a purchased an insurance policy through the bank that would have...
Court Rules BP Must Honor Terms of $9.2 Billion Oil Spill Settlement
Mar 3 2014 // BP Plc must abide by terms of a $9.2 billion settlement it reached with victims of the 2010 oil spill, a federal appeals court ruled in rejecting the company’s objections that the deal is being misinterpreted by the...
Ban On Texting While Driving To Become New Mexico Law
Mar 3 2014 // A proposal to ban texting while driving in New Mexico will become official law. Gov. Susana Martinez is scheduled to sign legislation that would prohibit texting while operating a vehicle Sunday afternoon. Martinez will...
Ratings Roundup: China Taiping (UK), QuĂĄlitas
Feb 28 2014 // A.M. Best has assigned a financial strength rating of ‘B++’ (Good) and an issuer credit rating of “bbb” to China Taiping Insurance (UK) Company Limited (CTIUK), both with stable outlooks Best said...
BP Loses Bid to Halt Payments to Seafood Workers
Feb 26 2014 // BP Plc lost a bid to have a judge suspend about $1.3 billion in payments to seafood-industry workers who are part of the 2010 Gulf of Mexico oil spill settlement because of alleged improprieties by a lawyer involved in the...
Lea County in New Mexico Declared Disaster Area Due To Drought
Feb 20 2014 // The U.S. Department of Agriculture has designated Lea County a natural disaster area, making drought-stricken farmers and ranchers in the area eligible for assistance. Agriculture Secretary Tom Vilsack announced the...
Tougher Drunken Driving Bill Navigates New Mexico Legislature
Feb 19 2014 // A proposal to toughen drunken driving penalties has cleared the New Mexico House but it likely faces difficulty in the Senate. The measure would add mandatory prison time to the basic sentence of drunken driving offenders...
Lawsuit Filed In California Over Jenni Rivera Plane Crash Death
Feb 18 2014 // The husband of Jenni Rivera, the Mexican-American pop star who died with six others in a 2012 plane crash, sued the aircraft’s owners Friday alleging wrongful death. Former Los Angeles Dodgers pitcher Esteban Loaiza...
Bill to Repeal New Mexico Immigrant Driver’s License Law Stalls
Feb 11 2014 // A bill that would have stopped New Mexico from granting driver’s licenses to most immigrants without proper documentation has stalled in the Legislature. The Santa Fe New Mexican reported the legislation could not...
New Mexico Woman Settles Solitary Confinement Suit
Feb 10 2014 // A woman who says she was kept in a filthy, isolated New Mexico jail cell for months at a time has reached a $1.6 million settlement with Valencia County, attorneys for both sides confirmed. The settlement came after an...
Best Establishes Latin American Subsidiary Based in Mexico City
Feb 7 2014 // A.M. Best Co. announced the incorporation of its new subsidiary, A.M. Best América Latina, S.A. de C.V. The new office will be located in the financial district of Mexico City at Paseo de la Reforma 412 and will service...
New Mexico Insurance Superintendent Issues Cease & Desist Order
Jan 24 2014 // The New Mexico Superintendent of Insurance has officially notified TraffiCare International LLC to cease and desist all New Mexico operations due to their failure to obtain the required licenses and certificate of...
Officials Suspect 2 Nabbed in Texas Linked to Target Fraud Case
Jan 22 2014 // Two Mexican citizens who were arrested at the border used account information stolen during the Target security breach to buy tens of thousands of dollars’ worth of merchandise, according to a South Texas police...
Senate Re-Election Politics Boosts Flood Insurance Delay Proposals
Jan 16 2014 // Senate Majority Leader Harry Reid will do just about anything to help Louisiana’s Mary Landrieu. He arranged the chamber’s floor agenda this week so Landrieu could lead debate on a flood insurance rate reprieve...
2 New Mexico Cities Opening Car Charging Stations
Jan 13 2014 // Two New Mexico cities are preparing to begin operating public charging stations for electric vehicles. In late December 2013 Gallup opened a Tesla Motors supercharger station and Farmington is scheduled to open one this...
Texting While Driving Ban Again in New Mexico Lawmaker’s Sights
Jan 7 2014 // Another attempt is being made at the New Mexico Legislature to prohibit texting while driving. Democratic Sen. Peter Wirth of Santa Fe has pre-filed a bill, marking the fifth time a version of a texting-while-driving ban...
Qualitas Aided by Pena Nieto Car Insurance Law: Corporate Mexico
Jan 7 2014 // Mexico’s President Enrique Pena Nieto is giving the car insurance market a boost with a plan to mandate policies on federal highways in the country, where almost three in four drivers lack coverage. Congress approved...
Appeals Court to Fast-Track BP’s Bid to Halt Gulf Oil Spill Payments
Jan 3 2014 // BP Plc’s bid to block economic-loss payments tied to the 2010 Gulf of Mexico oil spill unless the claims can be directly linked to the disaster won fast-track consideration by an appeals court. The London-based...
