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International

Mexico: Damage from hurricane Odile pegged at more than $1 billion, association says

December 02, 2014 Reprints

The Mexican Association of Insurance Institutions said that damage from the recent hurricane Odile has been pegged at 15.87 billion Mexican pesos ($1.13 billion), Eleconomista.com.mx reports.

With this, Odile would be the second-most expensive hurricane for the insurance industry after hurricane Wilma that hit in 2005. About 10,810 compensation claims have been reported, with 6,711 related to damage to homes, hotels and restaurants, among others. Insurers have to date paid out around MXN 2.39 billion in claims, the association said.

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Mexico: Damage from hurricane Odile pegged at more than $1 billion, association says

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