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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