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Mexican Insurers Pay 8.0 Billion Pesos for Weather Losses Through October, Led by Veracruz Floods

Atypical October rains drove the surge, prompting a push for resilient cities.

Overview

  • The AMIS reports 8,004 million pesos paid for hydrometeorological claims from January to October, a 21% increase over all of 2024.
  • Rains from October 7–11 generated about 4,473–4,500 million pesos in insured losses across Veracruz, Puebla, Hidalgo, Querétaro and San Luis Potosí.
  • The sector has logged 7,134 claims tied to the October event, with 85% of losses in homes, businesses and infrastructure and 15% in vehicles.
  • Veracruz accounted for 80% of reported claims, including 2,778 of the 2,894 auto claims linked to the storm period.
  • The federal government’s latest tally lists 83 deaths and 17 people missing following the early‑October floods.