Latest Mexico Headlines
All the headlines from our Mexico Topic Page, ordered by recency.
New Mexico Insurance Chief: ‘Sad’ Comments Led to Resignation
May 17 2010 // New Mexico Insurance Superintendent Morris Chavez has resigned, saying he and his family have been the targets of “sad and derogatory” online comments in the wake of a contentious health insurance rate case his...
OSHA, Mexican Consulate to Promote Worker Safety in Illinois, Wisconsin
May 13 2010 // The U.S. Department of Labor’s Occupational Safety and Health Administration has signed an alliance with the Consulate General of Mexico in Chicago as part of an effort to provide Mexican nationals in Illinois and...
Lawsuits Over Gulf of Mexico Oil Spill Expected to Increase Dramatically
May 13 2010 // Companies linked to the massive Gulf of Mexico oil spill are facing a flood of lawsuits, as legal actions from the disaster spread faster than the crude gushing from BP Plc’s blown-out undersea well. Nearly 100...
New Mexico Insurance Chief: ‘Sad’ Comments Led to Resignation
May 6 2010 // New Mexico Insurance Superintendent Morris Chavez announced he will resign, saying he and his family have been the targets of “sad and derogatory” online comments in the wake of a contentious health insurance...
Insurers’ Gulf Coast Oil Spill Losses Estimated at $1.4B
May 5 2010 // Companies with exposure to the sinking of the Deepwater Horizon oil rig in the Gulf of Mexico are insured for losses totaling about $1.4 billion, according to initial reports. “The insurance losses from the sinking...
Gulf Coast Oil Spill Compared to Category 5 Hurricane
May 4 2010 // What makes an oil spill really bad? Most of the ingredients for it are now blending in the Gulf of Mexico. Experts tick off the essentials: A relentless flow of oil from under the sea; a type of crude that mixes easily...
EU Climate Chief Says Financial Crisis Threatens Vital Innovation Risk
Apr 30 2010 // Innovation vital for Europe’s future is at risk, because the global financial crisis has turned once-challenging emission reduction goals into easily achievable targets, the European Union’s top climate...
Gulf of Mexico Leak Grows, Oil Slick Near Shore
Apr 29 2010 // The U.S. Coast Guard said Wednesday five times as much oil as previously estimated was leaking from a well beneath the site of a deadly drilling rig explosion as the slick threatened wide-scale coastal damage for four U.S....
Rig in Gulf of Mexico Hit by Fire; 12 Workers Missing, 7 Critically Injured
Apr 21 2010 // Up to a dozen crew members were missing and at least seven were critically injured after an explosion and fire late on April 20 hit a Transocean drilling rig that was working off the Louisiana coast, the U.S. Coast Guard...
California Estimates Easter Quake Damage at $91 Million
Apr 21 2010 // Gov. Arnold Schwarzenegger has estimated the Easter earthquake caused about $91 million in damage in impoverished Imperial County. Schwarzenegger’s office sent a letter to the federal government with the preliminary...
International Insider: Multinationals and Money Laundering
Apr 7 2010 // As the international community steps up its efforts to fight money laundering, a number of countries are now requiring insurers to obtain additional information from their customers to screen out possible bad actors. For...
Experts Estimate $300 Million in Losses from Mexico Earthquake
Apr 6 2010 // Damage estimates from Sunday’s 7.2 magnitude earthquake in Mexico, just south of California, are not expected to exceed $1 billion, and insured losses should not exceed $300 million, according to risk modeling firm...
Airing Out the Issues of Money Laundering
Mar 22 2010 // Multinationals Face Heightened Compliance Requirements in High Risk Countries As the international community steps up its efforts to fight money laundering, a number of countries are now requiring insurers to obtain...
Tax Proposals Derailed in New Mexico
Feb 22 2010 // Two tax proposals that would have had negative consequences for insurers and policyholders were averted last week as the New Mexico legislature wrapped up its 2010 regular session, according to the Property Casualty...
New Mexico Senate Approves Liability Bill for Spaceport
Feb 16 2010 // Legislation aimed at protecting New Mexico’s spaceport from liability while the commercial space industry tackles the hazards of space flight was approved by a 37-0 vote in the state Senate. The approval is a victory...
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...
