More than 2 billion USD in insured losses for Mexico earthquake
The first estimates of the economic losses caused by the earthquake that hit Mexico City, the capital of Mexico, on September 19, 2017, could range between 4 and 8 billion USD.
Only 2 billion would be borne by insurers, 1.2 billion USD of which for homeowner's insurance.
The penetration rate of homeowner's insurance in Mexico remains relatively low. In Mexico city, only 5 to 10% of households have such a policy. With an amount between 356 and 594 USD, the equivalent of one month's median salary in Mexico, this guarantee remains relatively expensive.
To date, the earthquake has claimed the lives of more than 305 people. Major property damage was also reported with 52 buildings destroyed and more than 500 others damaged among which 22 hospitals.
More news on
