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One year after the passing of Hurricane Otis in Guerrero which left extremely devastated Acapulco port On October 25, 2023, the Mexican Association of Insurance Institutions (AMIS) reported that they have been attended 44 thousand 653 accidents and they paid covering raw materials by 39 thousand 343 million pesos.
It was reported that the cyclone was the second most impactful phenomenon for the insurance sector in Mexico.
“The balance in insured cases is positive, highlighting the reconstruction in small and large properties that had comprehensive protection schemes. There are cases where the speed of reconstruction is very close to the original construction times,” commented Norma Alicia Rosas, general director of AMIS.
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The representative of the insurance industry specified that the lines with the greatest impact were housing, with 23,689 reports registered; followed by automobiles, with 16,325 reports; shops, restaurants and other businesses with 2,526 reports; the hotel sector with 106 reports and boats with 215 accidents.
By amounts, in the area of shops, restaurants and business, the estimate for insured damages reached 14,866 million pesos; followed by housing with 10,155 million pesos; hotels or lodging services with 7,850 million pesos; for damages to automobiles 1,200 million pesos; and maritime 949 million pesos.
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The insurance industry detailed that the number of reports registered by federal and state infrastructure was 1,792 with an estimate of insured damages of 4,324 million pesos.
CSAS