Mexico Insurance Alert: Radical Change to Mexico Liability Laws

Posted February 4, 2013 by & filed under Legal, Mexico.

A radical change has been made to Mexico Liability Law. In the past, the liability damages imposed on an at-fault driver who caused a negligent fatality in Mexico were capped at 750 days multiplied by the local Mexico Minimum Wage (approximately $50,000 total damages in most Mexican States). Effective immediately, that limit has been increased… Read more »

Mexpro.com CEO Updates article on Purchasing Insurance for Mexico

Posted February 1, 2013 by & filed under Mexico.

Mexpro.com CEO, Jim Labelle, has updated his article “Purchasing Insurance for Mexico” to include new updates to Mexico Liability Insurance requirements. In 2013, the potential damage limits for a negligent accident causing a fatality have increased substantially. Prior to 2013, liability limits and claims exceeding $ 100,000 were quite rare. However, in 2013 the Mexican… Read more »