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Insurers expect minimal losses from Mexico’s September earthquakes

Ratings agency AM Best does not expect claims activity to increase significantly owing to the recent earthquakes that hit Mexico in September, as few minor damages have been reported and are unlikely to result in large insurance losses.

The 7.7° magnitude shake on September 19 and one 6.9° on September 22 hit the Latin American country with Coalcomán, Michoacán, as the epicentre for both. The shakes could be felt in Jalisco, Colima, and Mexico City, among other states.

According to AM Best, other than reports of visible cracks in the walls and facades of some buildings and homes in the states near the epicentre, as well as few casualties, no significant damages have been reported in metropolitan areas.


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