Mexico News

Adrian is First Hurricane of 2011 Pacific Season

Tropical Storm Adrian strengthened to a hurricane off Mexico’s Pacific coast, becoming the first hurricane of the 2011 Pacific season, the U.S. National Hurricane Center said. Mexico’s government issued a storm watch for the coastal resort of Acapulco and westward …

U.S. Plan Would Restart Mexico Trucking

Long-haul trucks from Mexico would be allowed to operate throughout the United States for up to three years under a pilot plan aimed at reviving a politically sensitive trade program stalled for years. The U.S. Transportation Department released a proposal …

Cooper Gay Swett & Crawford Expands Reinsurance in Mexico

Global wholesale, reinsurance and specialist retail insurance broker Cooper Gay Swett & Crawford has agreed to move to a 100 percent shareholding in its Mexican reinsurance broker, Cooper Gay Martinez del Rio, by acquiring the shares held by senior local …

White House Oil Spill Report: Firms’ Decisions Saved Money, Raised Risk

BP and its partners made a series of cost-cutting decisions that ultimately contributed to the oil spill that ravaged the Gulf of Mexico coast over the summer, the White House oil spill commission said Wednesday. In its final report on …

Top Workers’ Compensation News in 2010

Soft market conditions with unabated price competition and a slow economy with reduced payrolls continued to affect commercial liens including the the workers’ compensation industry in 2010, as they did in 2009. Robert Hartwig, president of the Insurance Information Institute, …

U.S. Analyst: China May Be ‘Likely Bright Spot’ in Asia Climate Action

The outcome of U.N. climate talks in Mexico this month should boost steps in Asia to curb greenhouse gas emissions, with China a likely bright spot in 2011, a senior analyst at a leading U.S. think tank said. The talks …

Test Your 2010 Insurance News IQ: 25 Questions

Are you an insurance news hound? Test your insurance news IQ and find out. The following questions and answers (at bottom of the page– don’t cheat!) were developed based on news stories published by InsuranceJournal.com in 2010. Good luck! 1. …

Federal Audit Rips Spending for Texas Hurricane Cleanup

A scathing audit by the federal Department of Homeland Security questions whether some $45 million in public money was properly spent to remove debris in the cleanup of Chambers County, one of the Southeast Texas counties most devastated by Hurricane …

Lloyd’s Does Well in a Tough Year

Lloyd’s year-end review shows that, like the rest of the industry it faced a number of challenges in a difficult year. Low interest rates diminished investment returns for insurers, while the soft market provided little scope for premium increases. “Plenty …

Intoxicated New Mexico Worker Still Entitled to Workers’ Comp Benefits

A New Mexico Court of Appeal has ruled that a Las Cruces city employee who fell off a garbage truck while intoxicated is still eligible to collect workers’ compensation insurance benefits for his injuries. According to court documents in Edward …