Mexico evaluates if 8.1-magnitude quake will trigger $150 cat bond payout: Official

Jose Antonio Meade, Mexico’s finance minister, said that the government is evaluating whether the 8.1-magnitude earthquake, which struck southern Mexico on Sep. 7, will trigger a payout from a World Bank-backed catastrophe bond, Reuters reported. The bond’s coverage could reach $150 million, depending on the quake’s magnitude and location, Mr. Meade said.
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