Mexico insurance industry expected to handle the impact of Hurricane Patricia

Hurricane Patricia 2015 Mexico

A.M. Best provides some insight into Mexico’s insurance industry A.M. Best, a rating agency based in the United States, has issued a comment concerning Mexico’s insurance industry and how it may be impacted by Hurricane Patricia. The powerful storm formed alarmingly quickly in the Pacific ocean and was the strongest hurricane ever recorded, with sustained winds recorded in excess of 200 miles-per-hour. While the storm dissipated quickly once making landfall, there are still serious concerns regarding flooding and the damage that heavy rainfall has caused. Insurers are expected to be…

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Tropical Storm Nate Makes Landfall in Mexico

BOSTON, Sept. 12, 2011 – According to catastrophe modeling firm AIR Worldwide, Tropical Storm Nate finally picked up speed over the weekend and made landfall on Sunday at around 11:00 a.m. EDT near the town of Tecolutla (population 25,000) in the eastern state of Veracruz, Mexico. Nate failed to achieve hurricane status, coming onshore as a minimal tropical storm with sustained winds of near 45 mph. “For the previous several days, Nate had been pulling in a large mass of dry air from Mexico, which prevented its intensification,” said Dr.…

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