Latest Mexico Headlines
All the headlines from our Mexico Topic Page, ordered by recency.
$65M of Unpaid Taxes by New Mexico Insurance Companies, Audit Shows
Oct 26 2017 // A long list of insurance companies failed to pay taxes on insurance premiums of nearly $65 million to the state of New Mexico since 2003, according to an independent audit released Tuesday that could weigh in ongoing legal...
Swiss Re Estimates $3.6B in Claims from U.S. Hurricanes & Mexican Quakes
Oct 20 2017 // Swiss Re, the world’s second-largest reinsurer, estimated its claims burden from hurricanes Harvey, Irma and Maria in the United States and from two earthquakes in Mexico at roughly $3.6 billion in the third...
Argo and Aspen Issue Loss Estimates for Q3 Natural Catastrophes
Oct 18 2017 // Argo Group International Holdings Ltd. and Aspen Insurance Holdings Ltd. have issued their third quarter catastrophe loss estimates, primarily related to Hurricanes Harvey, Irma and Maria as well as the earthquakes in...
Gulf of Mexico Oil Spill Stirs Comparison to BP Disaster
Oct 17 2017 // An oil spill in the Gulf of Mexico last week may be the largest in the U.S. since the 2010 blowout at BP Plc’s Macondo well that sank the Deepwater Horizon rig. The Delta House floating production facility about 40...
Arthur J. Gallagher & Co. Acquires New Mexico’s Reynolds & Rodar Insurance Group
Oct 16 2017 // Arthur J. Gallagher & Co. has acquired Santa Fe, New Mexico-based Reynolds & Rodar Insurance Group Inc. Terms of the transaction were not disclosed. With roots going back to 1882, Reynolds & Rodar is the oldest...
More Re/Insurers Issue Their Q3 Natural Catastrophe Loss Estimates
Oct 13 2017 // The third quarter natural catastrophe loss estimates continue to rise, as more insurers and reinsurers weigh in with their loss totals from Hurricanes Harvey, Irma and Maria, and the Mexico earthquakes. The latest...
Prevalent, Discredited Building Technique Raised Mexico’s Quake Deaths: Engineers
Oct 12 2017 // Warm lighting would enhance the wood floors’ natural glow, the developer promised, so when all the custom lightbulbs burnt out, Anahi Abadia and her husband grudgingly drove to Home Depot to replenish supplies for...
Insurers, Reinsurers Tally Maria, Irma, Harvey and Other Disaster Losses
Oct 10 2017 // Losses from Hurricane Maria and other recent natural disasters, including hurricanes Irma and Harvey, the Mexico City earthquake and other events, have led global insurers and reinsurers to issue profi warnings.t Below are...
Q3 2017 Likely to Be One of Costliest for Natural Disasters: Aon Report
Oct 6 2017 // The third quarter of 2017 is likely to break a new record as one of the costliest quarters for natural catastrophes, according to Impact Forecasting, Aon Benfield’s catastrophe model development team. “The...
Gulf Coast on Hurricane Watch As Tropical Storm Nate Strengthens
Oct 6 2017 // Tropical Storm Nate, which has already shut oil and gas platforms in the Gulf of Mexico, strengthened as it continued north on a path that’ll bring it ashore in the U.S. by week’s end. Nate was about 115 miles...
Partner Re, RenRe & Third Point Re Estimate Q3 Natural Catastrophe Losses
Oct 6 2017 // Three more reinsurers released their initial loss estimates from third quarter natural catastrophes, which include Hurricanes Harvey, Irma and Maria and the Mexico City earthquake. PartnerRe Ltd. estimates combined...
New Mexico Insurance Regulator Lowers Estimate for Missing Premium Taxes
Oct 4 2017 // New Mexico’s top insurance regulator says that an independent audit of unpaid insurance premium taxes shows far less money is owed to the state than previously thought. State Insurance Superintendent John Franchini...
UPDATE 2: Global Re/Insurers Estimate Price Tag of Q3 Hurricanes & Quakes
Oct 3 2017 // Losses from Hurricane Maria and other recent 2017 natural catastrophes, including Hurricanes Irma and Harvey, the Mexico City earthquakes and other events, have led global insurers and reinsurers to issue profit...
Economic Costs of Mexico’s Earthquake Could Surpass $2B
Sep 29 2017 // President Enrique Pena Nieto said Wednesday [Sept. 27] that preliminary accounting of the damage caused by the two big earthquakes that hit Mexico this month could cost upward of $2 billion (38.1 billion pesos). Pena Nieto...
Mexico Calculates Economic Cost of Quake; Insurance Covers Small Part of Losses
Sep 27 2017 // Mexican government officials are still tallying up the economic losses of the magnitude 7.1 earthquake that caused widespread damage in the capital, but for the manager of a downtown restaurant it is already all too...
New Bridge Design Tested by Nevada Quake Lab Following Mexico Quake
Sep 22 2017 // Scientists at a Nevada earthquake lab this week tested new bridge designs with connectors they say are innovative and created to better withstand violent temblors and speed reconstruction efforts after major quake...
Natural Disasters Begin to Hit Profits of Global Reinsurers
Sep 22 2017 // A profit warning from one of the world’s largest reinsurers is the latest sign that the death and destruction from a spate of hurricanes and earthquakes in North America are now taking a toll on the titans of global...
Global Reinsurers Face Exposures to Mexico City Earthquake: Morgan Stanley
Sep 21 2017 // Global reinsurers will likely face exposures from a massive magnitude 7.1 earthquake that struck Mexico City on Sept. 19, Morgan Stanley said in a new research note. This earthquake led to dozens of deaths and the toppling...
Search for Survivors Underway after Mexico Earthquake; Hundreds Killed
Sep 20 2017 // Mexican search and rescue teams worked through the night after an earthquake rocked one of the world’s largest urban centers, killing hundreds and reducing buildings to rubble. Military police, paramedics and...
New Mexico Prosecutor, Insurance Company Spar Over Premium Taxes
Sep 14 2017 // A standoff over millions of dollars in unpaid insurance premium taxes is escalating between New Mexico’s attorney general and the state’s largest health-care insurance provider. New Mexico Attorney General...
