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17 October 2017

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Mexico riot losses could top $200mn

Bernard Goyder 14 February 2017

Riots in Mexico in January over the price of petrol are expected to cost the international insurance market between $200mn and $250mn, according to market sources.

Protests against a 20 percent hike in fuel prices led to looting in the Latin American country.

Walmart is submitting a $60mn-$70mn claim to the political risk market following the riots, sources told The Insurance Insider.

The US supermarket leviathan is set to tap its insurers under a wide-ranging global political risk policy. The...


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This article was published as part of issue February 2017/2

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