Mexico News

Insurance Journal’s Academy of Insurance is saying, “Bon Voyage!”

San Diego, CA – 9/18/14 – Insurance Journal’s Academy of Insurance is teaming up with the Insurance Community University for a 4-day Princess Cruise this November. The insurance educators will set sail from Los Angeles on November 10th visiting Catalina …

Minor Flooding After Tropical Storm Sonia Hits Mexico

Former Tropical Storm Sonia dissipated over the Mexican Pacific coast state of Sinaloa, but not before causing some minor flooding in cities such as Mazatlan and Culiacan, forcing the evacuation of around 1,000 people, authorities said Monday. The evacuations were …

Tesla Shares Fall on Reports of Second Fiery Crash

Tesla Motors shares dropped after reports of a second fiery crash involving the company’s Model S electric car. On Oct. 17 in Merida, Mexico, a Model S sped into a roundabout, crashed through a concrete wall and hit a tree. …

Hurricane Manuel Returns to Soak Northwestern Mexico: AIR Worldwide

According to catastrophe modeling firm AIR Worldwide, after rapidly dissipating on Monday night and being downgraded to a remnant tropical low, Manuel reformed and strengthened back to hurricane intensity on Wednesday. The re-formation was aided by a reduction in wind …

Ingrid Weakens to Tropical Storm as It Goes Ashore in Mexico

Ingrid weakened to a tropical storm as it went ashore near La Pesca, Mexico, still threating to drop flooding rains across the eastern portion of the county. The remnants of Pacific storm Manuel, along with Ingrid, are expected to leave …

ACE Acquires Personal Lines Insurer ABA Seguros in Mexico

ACE Limited announced that it has completed the acquisition of Mexican personal lines insurer ABA Seguros from Ally Financial Inc. for approximately $690 million in cash, after a $175 million pre-closing dividend taken by the seller. With more than 50 …

ACE Completes Acquisition of Mexican Surety Lines Company

ACE Limited has completed the acquisition of Fianzas Monterrey in Mexico from New York Life Insurance Company for approximately $293 million in cash. Mexico City-based Fianzas Monterrey is the nation’s second-largest surety lines writer and the third-largest in Latin America, …

Death Toll in Mexico Fireworks Blast Rises to 17

The death toll in a gruesome fireworks explosion during a religious procession in Mexico rose to 17, after four more people died of their injuries. Hundreds of mourners gathered Sunday for a mass funeral for the first 13 victims of …

Victims’ Relatives Sue Rivera’s Company Over Crash

Relatives of four passengers killed last month with Jenni Rivera in a plane crash in Mexico filed a lawsuit against Rivera’s company Thursday alleging the singer was negligent when she hired a faulty Learjet 25. The civil lawsuit filed in …

Jenni Rivera’s Plane Hit With ‘Terrible’ Impact

The plane carrying Mexican-American music superstar Jenni Rivera plunged almost vertically from more than 28,000 feet and hit the ground in a nose-dive at a speed that may have exceeded 600 miles per hour, Mexico’s top transportation official said Tuesday. …