Mexico earthquake insured losses won't top $1.2bn: RMS

Modelling firm RMS has said insured losses from the Mexican
earthquake on 19 September will not be more than $1.2bn, due to low
insurance penetration in the country.
RMS expects economic losses from the earthquake to be between
$4bn and $8bn, based on building damage data from the Mexican
government.
Few Mexican households have home insurance that covers quake
damage. RMS added that it does not expect post loss amplification
to be a "significant factor" in terms of total insured...