Latest Mexico Headlines
All the headlines from our Mexico Topic Page, ordered by recency.
New Mexico Apoints Franchini Insurance Superintendent
Jul 30 2010 // The New Mexico Public Regulation Commission has appointed John G. Franchini Superintendent of Insurance by a 4-1 vote. Franchini, a New Mexico native, boasts nearly four decades of insurance industry-related experience and...
BP Test of New Cap on Gulf Oil Well Could Be Turning Point
Jul 13 2010 // BP Plc prepared on Tuesday to test a new cap on its runaway well, arresting the flow of oil which has been gushing into the Gulf of Mexico for the last 12 weeks. [According to Reuters BP Plc will launch a test to gauge...
AIR Estimates Mexico’s Hurricane Alex Insured Loss under $200 Million
Jul 2 2010 // Catastrophe risk modeling firm AIR Worldwide estimates that insurable losses (losses from properties that are eligible for insurance, whether or not they are actually insured) from Hurricane Alex are not expected to exceed...
Hurricane Alex Weakens to Tropical Storm
Jul 1 2010 // Hurricane Alex weakened to a tropical storm Thursday as it moved further inland over northeastern Mexico, dumping heavy rains that flooded cities but sparing U.S. oil facilities near its path. Rain from the first named...
Hurricane Alex Could Reach Land Today in Mexico, Texas
Jun 30 2010 // Hurricane Alex strengthened in the Gulf of Mexico early Wednesday and was expected to make landfall later in the day but skirt Mexican oil rigs and U.S. oil fields, alleviating concerns in crude markets. The first named...
Senate Committee Votes to End Oil Spill Liability Cap Retroactively
Jun 30 2010 // A U.S. Senate committee Wednesday voted to eliminate limits on liability that oil companies would face for damages stemming from offshore spills like the one in the Gulf of Mexico. The change, if approved and made law,...
Texas Prepares as Tropical Storm Alex Heads Toward Hurricane Status
Jun 29 2010 // As of 10 a.m. CDT on June 29, Tropical Storm Alex was nearing hurricane strength in the western Gulf of Mexico and the National Hurricane Center (NHC) expects it to reach hurricane status later in the day. The storm is...
New Mexico CPCU Installs Officers
Jun 25 2010 // The New Mexico Chapter of the Chartered Property Casualty Underwriters has installed officers for the 2010-2011 term. Officers include: President Byrd Horner of CNA, Larry Cornwell, also of CNA and Secretary/Treasurer John...
Double Trouble: Oil and Hurricanes in the Gulf Coast
Jun 21 2010 // AIR Worldwide Reviews Implications of the Gulf Oil Spill for Hurricane Season The current oil spill in the Gulf of Mexico followed soon after a large explosion on the Deepwater Horizon oil drilling platform, 50 miles off...
Double Trouble: Oil and Hurricanes in the Gulf Coast
Jun 21 2010 // AIR Worldwide Reviews Implications of the Gulf Oil Spill for Hurricane Season The current oil spill in the Gulf of Mexico followed soon after a large explosion on the Deepwater Horizon oil drilling platform, 50 miles off...
Montoya Appointed New Mexico Acting Superintendent of Insurance
Jun 15 2010 // The New Mexico Public Regulation Commission has voted unanimously to appoint Johnny L. Montoya acting superintendent of insurance. Montoya, who will continue to perform the function of interim chief of staff until July 6,...
Senator Eyes Prison, Compensation for Environmental Crimes
Jun 10 2010 // Reacting to BP’s Gulf of Mexico oil spill, a high-ranking U.S. senator Wednesday sought to toughen prison sentences for corporate officials who are found guilty of environmental crimes and to broaden fines for...
New Mexico Names Dunbar Interim Insurance Chief; Deputy Resigns
Jun 7 2010 // The New Mexico Public Regulation Commission appointed a new interim insurance superintendent, and the deputy superintendent has resigned. The PRC announced the appointment of Craig Dunbar to replace Deputy Insurance...
Oil Rig Tragedies Shock Insurers, Destabilize Market, Says Willis
Jun 4 2010 // The U.S. Deepwater Horizon and Venezuelan Aban Pearl drilling rig losses have left upstream energy insurers with an unprecedented bill of $795 million within the space of a single month, destabilizing the market and...
BP Oil Spill Losses Hit Reinsurers; Premiums Jump
Jun 3 2010 // Reinsurers have bumped up prices for offshore energy-related insurance premiums by 50 percent following insurance industry losses of up to $3.5 billion from the BP plc oil spill in the Gulf of Mexico, Moody’s...
2010 Atlantic Hurricane Season: 76% Chance Major Storm to Hit U.S.
Jun 3 2010 // The 2010 Atlantic hurricane season will be even more active than feared, leading U.S. forecasters said Wednesday as they predicted 10 hurricanes, five of them major, with a 76 percent likelihood that a major hurricane...
Gulf Oil Spill Threatens Mississippi, Alabama Islands
Jun 1 2010 // Oil from BP’s out-of-control Gulf of Mexico oil spill could threaten the Mississippi and Alabama coasts this week, U.S. forecasters said Monday, as public anger surged over the country’s worst environmental...
Tropical Storm Agatha Kills 99 in Central America
Jun 1 2010 // The death toll in Central America from landslides and flooding triggered by the year’s first tropical storm surged to 99 on Sunday, as authorities struggled to clear roads of debris and reach cut-off...
Ratings Recap: Cooperativa, Patria Re
Jun 1 2010 // A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Puerto Rico based...
Hurricanes May Snap Gulf of Mexico Pipelines, Study Says
May 28 2010 // Hurricanes could rupture underwater oil and natural gas pipelines in the Gulf of Mexico, which is already struggling with the worst oil spill in U.S. history, according to a new study by researchers at the U.S. Naval...
