Guadalajara -
Marsh Brockman and Schuh, which advertises itself a global leader in insurance brokering and risk management, will offer a new policy "designed specially" for the challenges of doing business in Mexico, it said last week.
In a May 7 announcement, the company said its product will cover damages of up to $25 million U.S. for losses sustained due to acts of organized crime. "This new policy will allow businesses to recover their losses and physical damages occasioned by terrorist acts and sabotage," Marsh noted in a corporate press release. The product was developed for Mexico with other world leaders in corporate risk, including Lloyd's of London, according to Marsh.
The policy also covers losses which result from police actions by government security forces against organized crime, and violence between criminal groups. Mexico maintains that most of its domestic insecurity is the result of turf wars between the country's estimated 60-80 drug cartels, and hundreds of organized crime gangs which are struggling for a piece of the action.
In December a Mexican trade group reported that domestic security woes cost the retail, service and tourist sectors almost $5 billion dollars in 2012. Mexico pays enormous price for domestic insecurity.
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