Latest Mexico Headlines
All the headlines from our Mexico Topic Page, ordered by recency.
MexiPass Notes 30% Commission Rate for Personal Auto Program
Nov 24 2003 // MexiPass Global Assurance, an MGA for insurance in Mexico, announced a new commission rate of 30 percent and On-line Policy Issuance, under the MexiPass exclusive Personal Automobile Programs underwritten by...
ING Mexican Bank Accounts to Remain Frozen
Nov 6 2003 // According to news reports, the Mexican bank accounts of ING Comercial América will remain frozen until the dispute with Grupo Fertinal is resolved. The report follows a ruling by a federal criminal judge, who determined...
Ariz.-based International Insurance Launches Two New Products
Nov 5 2003 // Flagstaff, Ariz.-based International Insurance Group Inc., a managing general agent for Mexico Crossborder Transportation Insurance, announced the launch of two new online products available via its Web sites at...
Elektra Buys Cigna’s Mexican Business
Nov 3 2003 // Mexico’s Grupo Elektra S.A. de C.V., one of the country’s biggest retailers, announced that it has received approval from the Ministry of Finance to purchase “a private insurance company in Mexico that...
Ala., N.M., N.Y. Associations Honored with McCord National Education Awards
Oct 6 2003 // Independent agent associations in Alabama, New Mexico and New York were recognized for their educational programs as the Independent Insurance Agents & Brokers of America (IIABA) recently presented each of them with a...
Licensing All Drivers
Oct 6 2003 // Many states are considering legislation that would allow qualified undocumented immigrants to get driver’s licenses. Such legislation would not violate federal immigration law, which does not prohibit states from...
Licensing All Drivers
Oct 6 2003 // Many states are considering legislation that would allow qualified undocumented immigrants to get driver’s licenses. Such legislation would not violate federal immigration law, which does not prohibit states from...
Report ING Fails in Attempt to Unfreeze $300 Million Held by Mexican Court
Sep 30 2003 // The Netherlands-based ING Group has reportedly failed in its attempt to unfreeze $300 million that has been in the hands of a Mexican court since the end of August. The court had ordered the seizure of the funds at the...
Learning the Law South of the Border
Sep 8 2003 // What happens when your clients are exposed to risks in Mexico and they seek the advice of their trusted professional insurance agent or broker? Our experience has taught us that there is not a uniform response to the...
Mexican Mining Claim Embroils ING in Legal Dispute
Sep 3 2003 // ING, the Netherlands-based insurer and financial services company, which controls Comercial America, Mexico’s largest insurer, has been hit by a court order in the state of Morelos, ordering a freeze on the...
Uninsured Drivers Travel Under the Radar
Aug 18 2003 // Two things are abundantly clear when it comes to the issue of uninsured motorists: The problem is a big one and it’s nearly impossible to know with any certainty how many uninsured drivers there are on the...
AIA Calls on N.M. Blue Ribbon Commission to Reduce Tax Toll on Insurers
Aug 12 2003 // The American Insurance Association (AIA) led a delegation of property-casualty trade associations on Monday in urging New Mexico’s Blue Ribbon Tax Reform Commission to recommend real improvements to the state’s...
A.M. Best Affirms Rating of Seguros Inbursa SA
Jul 11 2003 // A.M. Best Co. has affirmed the financial strength rating of A (Excellent) of Seguros Inbursa SA (Mexico). The rating outlook is stable. The rating is attributable to Seguros Inbursa’s solid financial strength,...
Tropical Storm Claudette Moving Toward Mexico
Jul 10 2003 // The National Hurricane Center in Miami continued its “Tropical Storm Warning,” as “Claudette,” the third named Atlantic storm of the season continues to move west through the Gulf of Mexico towards...
Insurance Hall of Fame to Induct AIG’s Edmund Tse, Grupo Nacional’s Clemente Cabello
Jul 8 2003 // Edmund Tse, Senior Vice Chairman and Co-Chief Operating Officer of American International Group, and Clemente Cabello, CEO of Mexico’s Grupo Nacional have been named to the prestigious Insurance Hall of Fame by the...
Latino Market Heats Up
Jul 7 2003 // It is nearly impossible to deny the impact the burgeoning Hispanic population has and will have on American culture and its markets. The marketplace for insurance is no exception. Hispanics are now the country’s...
Best Affirms ‘B++’ Rating of Mexico’s Reaseguradora Patria
Jun 18 2003 // A.M. Best Co. announced that it has affirmed the financial strength rating of ‘B++’ (Very Good) of Reaseguradora Patria S.A. (Mexico City) and assigned a “stable” rating outlook. “The rating...
N.M. COURT OF APPEALS REJECTS AUTO LIABILITY:
Jun 9 2003 // The New Mexico Court of Appeals recently rejected the theory of liability stacking with regard to automobile insurance, the American Insurance Association (AIA) reported. In the case of Linda Ann Slack, et al. v. James...
Working with Blowouts, Knock-for-Knocks and Other Oil Patch Oddities
Jun 9 2003 // One of the big issues facing small- to mid-size oil and gas operators and contractors these days is the need to determine how much risk they are willing to carry themselves and how much they want to transfer to an insuring...
Working with Blowouts, Knock-for-Knocks and Other Oil Patch Oddities
Jun 9 2003 // One of the big issues facing small- to mid-size oil and gas operators and contractors these days is the need to determine how much risk they are willing to carry themselves and how much they want to transfer to an insuring...
