The strongest storm ever recorded in the Western Hemispherecaused less damage than anticipated in Mexico, while Texas was dealt heavy floods. Hurricane Patricia hit Mexico'swest coast between some of the country's commercial centers as aCategory 5 hurricane, and was quickly downgraded to a tropicalstorm once it made landfall.

Structural damage was reported in the Mexican states of Jaliscoand Colima, and power was lost in some villages. There haven't beenany casualties reported. Popular beach resort Puerto Vallarta wasspared damage, reporting only moderate rainfall and no disruptionsto main services.

Catastrophe modeling firm AIR Worldwide estimates that insuredlosses to onshore properties in Mexico from Hurricane Patricia willnot exceed $200 million.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.