21 February 2018

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Mexico insured losses could be $5.9bn

9 October 2017

The two major earthquakes which hit Mexico last month could cost the (re)insurance market up to $5.9bn, Inside FAC can reveal.

AIR Worldwide said insured losses from the first temblor, which struck off the coast of the state of Chiapas on 7 September, would be between 14bn pesos and 20bn pesos ($787.6mn and $1.1bn).

The Chiapas Civil Protection Agency reported that more than 54,000 homes in the state were damaged. About 98 healthcare facilities and 129 public buildings were also...

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