Moody’s RMS, the risk modeling and solutions company, estimates private market insured losses from Hurricane Otis to range between US$2.5 billion and US$4.5 billion. On the other hand, Verisk puts insured losses at US$3 Billion to US$6 Billion. The estimated …
Hurricane Otis is expected to be one of the costliest natural catastrophe events in Mexico’s history with initial economic losses expected to top US$10 billion, according to Gallagher Re. Further, insured losses are expected to run into the billions of …
Hurricane Otis left a trail of destruction in Acapulco after tearing into the historic Mexican beach town with wind speeds of 165 miles (266 kilometers) per hour, smashing shops and wrecking apartment buildings and hotels. State authorities have reported 27 …
Hurricane Otis made landfall near the tourist hotspot of Acapulco on Mexico’s Pacific Coast as a deadly Category 5 hurricane with winds capable of collapsing homes, ripping apart power lines and tossing trees. The storm made landfall around 2:25 a.m. …
Hurricane Norma came ashore near the Pacific resort of Los Cabos at the southern tip of Mexico’s Baja California Peninsula on Saturday afternoon. Hours later, Hurricane Tammy made landfall on the Caribbean island of Barbuda. The storms were each Category …
Mexican startup Super, which offers coverage for earthquake property damages, plans to expand into hurricane insurance and possibly raise a fresh funding round next year, according to chief executive officer and founder Sebastian Villarreal. The company, which launched in 2019, …
Catastrophe modeling firm the Karen Clark & Company (KCC) estimates that the insured loss to onshore properties from Hurricane Grace will be around $330 million—$300 million in Mexico and $30 million in the Caribbean. The estimate is based on the …
MEXICO CITY – The first hurricane of the eastern Pacific season brushed past the coastal shoulder of southwestern Mexico Monday, keeping just off shore while sweeping the coast with heavy rains and winds that raised the threat of flash floods …
Updated Oct 7., 2020, 6:58 AM— Hurricane Delta weakened to a Category 3 storm just before slamming into the coast of Mexico, but remains life-threatening. Delta came ashore along the northeastern Yucatan Peninsula near Puerto Morelos, the National Hurricane Center …
Willa’s fierce winds eased as the storm barreled inland over Mexico early on Wednesday, unleashing heavy rains after leaving power outages and toppled trees on the coast but causing no deaths, officials and forecasters said. Willa, a Category 3 storm …
