‘Otis’ damage claims should be closed in 4 months: AMIS

Mexico City. 360 days after the hurricane Otis In Guerrero, the insurance sector in Mexico registered 44,653 people affected, which represented economic losses for an amount of up to 39,343 million pesos and, with the pace at which the industry is going, in about four months it should already be closing. practically the claims, revealed the Mexican Association of Insurance Institutions (Amis).

At a press conference, on the occasion of the first year of the hurricane OtisNorma Alicia Rosas, general director of Amis, stated that Otis It is the third event for which the insurance sector in the country has paid the most, including the covid-19 pandemic, and the second most costly hurricane. Insurers alone paid 3,189 million dollars for the pandemic; while for hurricanes Wilma (2005) for an amount of up to 2,782 million dollars and Otis (2023), 2,152 million dollars.

In terms of material losses, about 106 hotels were reported damaged, for economic amounts of 7,850 million pesos; 23,689 houses and apartments damaged, for an amount of 10,155 million pesos; There are 215 boats, for more than 900 million pesos; Likewise, businesses such as restaurants, cafeterias, bank branches, offices, retail stores or self-service stores suffered more than 2,500 damages, for an amount greater than 14,800 million pesos.

In addition, the federal and state infrastructure that represented 1,792 locations damaged for 4,324 million pesos. And in the case of vehicles there were 16,325 reports, for 1,200 million pesos.

85 percent of housing reports have already been completed by Otis in Guerrero; Payments for damage to insured vessels have covered 91 percent of the losses. Likewise, eight out of every nine pesos has been compensated for the car reports.

“Practically, the estimates that we have, with close to 39,300 million pesos, it is difficult for the estimate to move in amounts and, with the pace we are going at this moment, in about four months it should practically be closing.” the claims. “It depends a lot on the fact that they are also documenting all the expenses,” Rosas said.

The cost of John is low

When asked about the damage left by Hurricane John a few weeks ago, the insurance specialist reported that it affected other parts of the city and not so much the tourist part.

“To give you an idea of ​​the disparity of damages that John generated compared to Otis In the case of insured assets we have in the second the amount was 39 thousand 343 million pesos and today we have practically claimed one billion pesos for John. This shows us that it really little affected the tourist area and the area that had insurance in the port. The damage caused by Jonh was due to water and sand that turned into mud and amounted to one billion,” said Alicia Rosas.

In another vein, Rosas commented that 25 percent of the vehicle fleet is insured in Sinaloa. The above is in the midst of the wave of violence that has been experienced in the state for more than a month, which is why it maintains that the insured companies are following up on the cases. He added that in Mexico there is no awareness of protection for musical or sports shows, so their cancellations, for insurance companies, do not have an impact.