Latest Mexico Headlines
All the headlines from our Mexico Topic Page, ordered by recency.
Ratings Recap: Assurant, PacWest, New Mexico Casualty, Campmed
Jan 22 2010 // Standard & Poor’s Ratings Services announced that its ratings on “U.S.-based Assurant Inc. (BBB/Negative/A-2) and related entities are not affected by the settlement of an SEC investigation regarding...
Business Moves
Jan 10 2010 // United Insurance, Mexico Agency Falmouth, Maine-based insurance agency United Insurance has acquired The Mexico Agency business from Northeast Bank Insurance Group. The Mexico Agency, which was acquired by Northeast in...
Foremost Insurance Expands Fire Program in New Mexico, Wyoming
Jan 4 2010 // Foremost Insurance Group of Caledonia, Mich., is expanding its Dwelling Fire program in New Mexico and Wyoming, to accept more landlord and rental property customers, and offer lower rates and new, larger discounts....
Former New Mexico Insurance Regulator’s Convictions Upheld
Dec 31 2009 // A federal appeals court has upheld the convictions of former New Mexico insurance regulator Joe Ruiz on corruption charges. The 10th U.S. Circuit Court of Appeals affirmed Ruiz’s convictions of extortion, mail fraud,...
Special Reuters Report: America’s Route to Recovery
Dec 29 2009 // When Bob Hagan was a boy in Youngstown, Ohio, people equated the coke dust they swept off their doorsteps each day with opportunity, for it came from the steel mills that built this city. After graduating from high school...
Maine’s United Insurance Acquires Mexico Agency from Northeast
Dec 23 2009 // Falmouth, Maine-based insurance agency United Insurance has acquired the Mexico Agency business from Northeast Bank Insurance Group. The Mexico Agency, which was acquired by Northeast in 2004, writes approximately $900,000...
New Mexico Spaceport Wants Liability Protection Bill
Dec 21 2009 // New Mexico spaceport officials plan to seek legislation that would reduce legal liability for companies that launch from Spaceport America. State Economic Development Secretary Fred Mondragon said Wednesday the proposed...
Two New Mexico Counties Get Disaster Aid
Dec 10 2009 // The U.S. Department of Agriculture in Washington has designated Grant and Luna counties in New Mexico as primary natural disaster areas due to losses caused by drought and high winds that occurred since Jan. 1. Agriculture...
Study: Workers’ Comp Claim Duration Increases as Benefits Go Up
Dec 2 2009 // A new study of the workers’ compensation benefits in Oregon and New Mexico has found that as the benefits have increased, so have claims durations. The National Council on Compensation Insurance used a...
New Mexico Wildfire Danger is High
Dec 1 2009 // State Forester Butch Blazer is cautioning New Mexicans about fire danger in parts of the state because of mild conditions and less-than-abundant moisture. Fine grassy fuels and brush in southern and southeastern New Mexico...
New Mexico Drivers Warned About Winter
Nov 30 2009 // The New Mexico Department of Homeland Security and Emergency Management is urging New Mexico drivers to be prepared for winter conditions by putting together an emergency kit. Department Secretary John Wheeler says kits...
New Mexico Counties Get Disaster Aid
Nov 5 2009 // Four eastern New Mexico counties have been declared eligible for disaster assistance due to their proximity to Texas counties that are disaster areas due to drought and other problems. Farmers and ranchers in Lea, Curry,...
AIR Involved in 80% of $2.1 Billion in Catastrophe Bonds Issued in 2009
Oct 28 2009 // Boston-based AIR Worldwide Corp. (AIR) reported that it has provided risk modeling and analytical services for over 80 percent of the $2.1 billion of catastrophe bonds issued to date in 2009. AIR said it has been the...
New Mexico Drops Workers’ Compensation Rate
Oct 21 2009 // The New Mexico Department of Insurance has approved rate reductions in workers’ compensation premiums for the fourth year in a row. Workers’ Compensation Administration director Glenn Smith says such rate...
Ratings Roundup: Sul America, Afianzadora
Oct 21 2009 // Standard & Poor’s Ratings Services has raised its ratings on Sul America S.A. (SASA), including raising the counterparty credit rating to ‘BB-‘ from ‘B+’ and the senior unsecured debt...
Bermuda Signs Tax Deal w/ Mexico
Oct 19 2009 // Bermuda’s Minister of Finance Paula A. Cox announced that it has signed a bilateral agreement with Mexico that provides for a full exchange of information on criminal and civil tax matters between Bermuda and...
Tropical Storm Patricia Nears Mexico
Oct 14 2009 // Officials closed schools and readied emergency shelters as Tropical Storm Patricia neared Mexico’s Los Cabos resorts on Tuesday. The storm had winds of near 60 mph (95 kph) and slight strengthening was possible,...
Ratings Recap: Accident & General, Inbursa, Swiss Re Frankona
Sep 29 2009 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of Accident & General Insurance Company Ltd. (AGI) of the Cayman...
New Mexico Farm Workers Sue for Coverage
Sep 28 2009 // New Mexico dairy worker Joe Griego says the worst part of being attacked by a bull at work has been finding out his injuries aren’t covered by state workers’ compensation benefits. So Griego and others are...
Mexican Passenger Buses Avoid Safety Checks When Entering U.S., Says Audit
Sep 21 2009 // Some Mexican passenger buses are not being inspected when they enter the U.S. because they cross the border on evenings and weekends, there are no inspectors or the crossings lack safe places for inspections, according to...
