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The New Mexico Independent going forward

By | 11.16.11

I am writing today to announce the closure of the New Mexico Independent. After three and a half years of operation in New Mexico, the board of the American Independent News Network, has decided to shift publication of its news…

EIB hears more anti-cap-and-trade testimony

Mesa Verde 80
By | 11.10.11

While environmental activists played their part yesterday during demonstrations at the capitol building, going so far as to dress up as solar panels and to sing the tune of “You Are My Sunshine,” their counterparts, the anti-cap-and-trade contingency who has…

New Mexico’s largest university low in popularity

jobs-80
By | 11.10.11

Roughly one quarter of University of New Mexico students are unimpressed with the state’s flagship public school, according to a survey that questioned college students about their higher education experiences.

Photo: AZ Adam, Flickr

Insurance pays out $55 million for winter gas outage

By | 07.27.11 | 9:12 am

Insurance companies paid out $55 million in claims from the natural gas outage of last winter, reports Trip Jennings of The Santa Fe New Mexican. About $45 million went to homeowners, while more than $10 million went to commercial properties and $200,000 for automobile claims.

Jennings adds:

The memo makes clear that the number of claims and insurance money paid out don’t reflect the full extent of the damage inflicted on New Mexico. For one, it doesn’t account for the dollars that individuals and businesses spent on deductibles to trigger their insurance policies. Nor does it account for city or county infrastructure, such as municipal water systems whose frozen pipes burst as they thawed, or for uninsured property damaged by the deep freeze and natural-gas outage.

Earlier this year, in seeking federal aid, the state estimated $4.6 million in damages to uninsured entities and public infrastructure, state Homeland Security Secretary Michael Duvall said Monday. But that cost might rise. The state added three pueblos to the list of recipients for federal help after the initial request was made, Duvall said.

Last February, natural gas outages left an estimated 32,000 without natural gas for nearly a week during winter storms.

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