Mexican insurers: Hurricane Emily claims total US$200 million in Mexico | VailDaily.com
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Mexican insurers: Hurricane Emily claims total US$200 million in Mexico

MEXICO CITY – Mexican insurance companies reported claims of about US$200 million (euro165 million) for damages related to Hurricane Emily, which battered Mexico for four days in July, the Mexican Association of Insurance Institutions announced Monday.Emily struck the Yucatan peninsula near the Caribbean resort of Cancun as a category 4 hurricane with 135 mph (220 kph) winds, crossed the Gulf of Mexico and landed again in northern Mexico.The majority of insurance claims came from Quintana Roo state on the Yucatan peninsula, and nearly half the damages were reported by hotels.Insured damages could increase or decrease by up to 10 percent as claims are processed in coming months, said Rolando Vega, president of the insurance association.”This is a preliminary estimate that is subject on the one hand to reports of damages not yet received that could increase, and on the other hand there are claim adjustments,” he said.Hurricane Isadore, which swept across the Yucatan peninsula in 2002, registered US$268 million (euro230 million) in damages.But other, more devastating hurricanes have produced smaller total claims in Mexico. Pauline, which killed at least 230 people along the Pacific coast near Acapulco in 1997, produced claims of US$51 million (euro42 million).Vail, Colorado


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