Particle.news
Download on the App Store

Insurers Count 1.206 Billion Pesos in Flood Losses as Mexico Speeds Aid to Tens of Thousands

Low insurance coverage in hard-hit states is pushing families to rely on federal relief.

Overview

  • AMIS reports 4,008 claims linked to mid-October rains with insured losses estimated at 1,206 million pesos, including 995 million in property and 211 million in vehicles.
  • HDI Seguros says Veracruz alone accounts for more than 100 million pesos in reported damage, roughly 26 million in autos and over 83 million in homes and businesses.
  • The federal government says over 90,000 families have received a first 20,000-peso payment after 103,245 home damage surveys, with a second payment of 20,000 to 70,000 pesos planned based on assessed losses.
  • Nine Veracruz communities remain without road access and are being supplied by air, while Puebla, Querétaro and San Luis Potosí report roads reopened and the power utility says electricity is fully restored.
  • Authorities list 82 deaths and 17 missing across the five states, as insurers ease auto-claim procedures and urge residents to report damage and document losses to speed payouts.