Latest Mexico Headlines
All the headlines from our Mexico Topic Page, ordered by recency.
Disaster Loans Made Available for New Mexico Small Businesses
Apr 28 2014 // Small businesses in eight New Mexico counties are eligible for federal disaster loans due to the drought. The U.S. Small Business Administration made the announcement Friday, saying the loans can help offset economic...
Chanona joins XL Group as Senior Marine Underwriter in Mexico
Apr 25 2014 // A bulletin from XL Group notes: “As Mexico’s multinational companies continue to take a greater stake in the global market, protecting their assets across borders has become increasingly critical.” In...
Mexico, Nicaragua Earthquakes Unlikely to Impact Insurance Industry: Fitch Ratings
Apr 25 2014 // Fitch Ratings said it “believes that the insurance industry and the ratings currently assigned to P&C companies in Nicaragua and Mexico will not be affected by the earthquakes that recently hit these...
Recent Quakes Push Interest, Sales of Policies in California
Apr 22 2014 // Some people don’t need Earth Day to be reminded they live on a planet powered by the forces of nature. The recent string earthquakes on the Pacific belt may have hit home with California homeowners, who were already...
Strong M7.2 Earthquake Shakes Acapulco, Mexico City: AIR Analysis
Apr 21 2014 // According to catastrophe modeling firm AIR Worldwide, on the morning of April 18, 2014, a M7.2 earthquake struck southwestern Mexico, 37 km [23 miles] north of the municipality of Tecpán de Galeana (approximate population...
Mexico Broker AER Joins Brokerslink in Expansion Move
Apr 17 2014 // Independent insurance broker network Brokerslink announced that it has gained a new member in the key Monterrey corporate market in Mexico with the addition of broker AER as a member. Brokerslink’s bulletin described...
Brazilian Lender BTG to Launch Insurance Units in Latin America
Apr 8 2014 // Grupo BTG Pactual SA, the Brazilian lender controlled by billionaire Andre Esteves, plans to start an insurance business in Chile, Peru, Colombia and Mexico. The first step will be to enter Chile’s annuity market,...
Supreme Court Denies Appeal by Photographer Who Refused Same-Sex Couple
Apr 8 2014 // The U.S. Supreme Court turned away an appeal from a New Mexico wedding photographer found to have violated a state anti-discrimination law when she refused to take pictures of a commitment ceremony for a same-sex...
New Mexico Jury Gives 1-Cent Damage Award
Apr 7 2014 // A potash mining company won its lawsuit against an oil and gas company over a mistake in a New Mexico drilling project but a jury awarded just one cent of damages. The award for Plymouth, Mass.-based Mosaic Co. in its suit...
Oversight Chair Questions Safety At New Mexico Nuke Dump
Mar 28 2014 // The recent truck fire and radiation release from the government’s troubled nuclear waste dump in southeastern New Mexico were “near misses” at a facility whose workers proved unprepared to respond to the...
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), Quálitas
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...
