Latest New Mexico Headlines

All the headlines from our New Mexico Topic Page, ordered by recency.

$65M of Unpaid Taxes by New Mexico Insurance Companies, Audit Shows

Oct 26 2017 // A long list of insurance companies failed to pay taxes on insurance premiums of nearly $65 million to the state of New Mexico since 2003, according to an independent audit released Tuesday that could weigh in ongoing legal...

Arthur J. Gallagher & Co. Acquires New Mexico’s Reynolds & Rodar Insurance Group

Oct 16 2017 // Arthur J. Gallagher & Co. has acquired Santa Fe, New Mexico-based Reynolds & Rodar Insurance Group Inc. Terms of the transaction were not disclosed.With roots going back to 1882, Reynolds & Rodar is the oldest...

New Mexico Insurance Regulator Lowers Estimate for Missing Premium Taxes

Oct 4 2017 // New Mexico’s top insurance regulator says that an independent audit of unpaid insurance premium taxes shows far less money is owed to the state than previously thought.State Insurance Superintendent John Franchini...

New Mexico Prosecutor, Insurance Company Spar Over Premium Taxes

Sep 14 2017 // A standoff over millions of dollars in unpaid insurance premium taxes is escalating between New Mexico’s attorney general and the state’s largest health-care insurance provider.New Mexico Attorney General...

New Mexico Sues 8 Drug Manufacturers, Distributors over Opioid Epidemic

Sep 11 2017 // New Mexico has sued eight opioid manufacturers and wholesale distributors, becoming the latest state or local government to file a lawsuit seeking to hold corporations accountable for a national drug addiction epidemic.New...

Hub Acquires Assets of New Mexico-Based Bianchi

Aug 7 2017 // Hub International Ltd. has acquired the assets of Albuquerque, N.M.-based Bianchi & Assoc. Inc.Terms of the deal were not disclosed. Richard Bianchi, Bianchi’s president, will join Hub New Mexico and report to...

New Mexico Doctors Challenge Insurance Superintendent on Malpractice Fund

Aug 3 2017 // Four doctors are accusing New Mexico’s insurance superintendent of allowing major hospital chains to tap into a medical malpractice fund despite concerns of insufficient balances. State district court documents show...

Losses from Colorado Mine Spill Could Be Far Less than Feared

Apr 4 2017 // Economic damage from a Colorado mine waste spill caused by the U.S. Environmental Protection Agency may be far less than originally feared after attorneys drastically reduced some of the larger claims, The Associated Press...

New Mexico Gets $50M Tobacco Settlement Payment

Mar 31 2017 // New Mexico this year will receive the largest tobacco settlement payment it has ever received from the industry.The state attorney general’s office made the $50 million announcement this week, saying the payment...

New Mexico Lawsuit Challenges County’s Frack Sand Ban

Mar 27 2017 // A group of New Mexico property owners has sued Winona County over its ban on industrial mining of silica sand for use in hydraulic fracturing.The Southeast Minnesota Property Owners joined Saratoga Township resident Roger...

New Mexico City Settling Cell Beating Lawsuit for $400K

Mar 2 2017 // The city of Las Cruces, N.M. has agreed to pay $400,000 to a man who claims police officers used excessive force on him when he was detained in a holding cell. The Las Cruces Sun-News reported that the settlement figure...

Audit Shows Risk Management Fund for New Mexico City Being Drained by Suits

Feb 16 2017 // Legal settlements in law enforcement civil rights cases over the past five years have severely depleted Albuquerque, N.M.’s risk management fund, which pays for uninsured losses. In a letter to city officials, state...

Confie Acquires Auto Insurance America in Nevada and New Mexico

Jan 3 2017 // Confie has acquired Auto Insurance America from Western National Mutual Insurance Co. Auto Insurance America is a provider of non-standard auto insurance serving Nevada and New Mexico. The company has five locations in Las...

New Mexico Regulators Approve Reopening of Troubled Nuclear Dump

Dec 28 2016 // New Mexico regulators have approved restarting normal operations at the nation’s only underground nuclear waste repository, a major step for U.S. officials aiming to reopen the facility nearly three years after a...

New Mexico Farming Firm Expected to Lose $4M over Breach

Dec 27 2016 // A breach earlier this year in the water delivery system that serves Navajo Agricultural Products Industry is expected to end up costing the tribal business in New Mexico more than $4 million in lost revenue. The Daily...

New Mexico’s Mountain States Mutual to Merge with Donegal Mutual

Dec 21 2016 // New Mexico’s Mountain States Mutual Casualty Co. is merging into Pennsylvania-based Donegal Mutual Insurance Co., the insurers announced.Donegal Mutual will be the surviving company in the merger, and Mountain...

New Mexico’s Auditor Wants Second Audit Of Insurance Taxes

Nov 30 2016 // New Mexico’s state auditor is calling for a new audit into whether health-insurance companies have been underpaying the premium taxes they owe.The Albuquerque Journal reported that State Auditor Tim Keller asked that...

New Mexico Insurance Regulator Says Back Taxes Audit Inaccurate

Nov 21 2016 // New Mexico’s superintendent of insurance is saying an audit into his office’s failure to collect some $190 million in back taxes from insurers was based on incorrect data. The Santa Fe New Mexican reported that...

New Mexico Workers’ Comp Costs May Drop in 2017

Nov 7 2016 // New Mexico employers could see a decrease in their insurance costs for on-the-job injuries and deaths.The state Office of Superintendent of Insurance says a key factor in calculating individual employers’...

Immigrant License Applications in New Mexico Slow as Cutoff Approaches

Oct 31 2016 // The number of immigrants seeking driver’s licenses in New Mexico has slowed but remains on pace to reach a four-year high as a deadline approaches to comply with federal ID requirements, according to a review by The...