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Losses are estimated at $15 billion in Acapulco, the storied Mexican beach town that had fallen on harder times even before Hurricane Otis struck.

MEXICO CITY (AP) -- The Mexican navy said Tuesday four more boats have been located on the bottom of Acapulco bay, bringing to 33 the number of vessels that apparently sank when Hurricane Otis slammed into the resort city last week.

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At least 45 people have been reported dead following Hurricane Otis' record-breaking pass over Acapulco, Mexico. Three of the dead residents were foreign nationals.

Officials in Mexico say three foreign residents were among at least 45 people who perished when Hurricane Otis hit the resort of Acapulco last week. Local prosecutors say the dead included one American, one Canadian and one person from England. The Navy says the search effort will now focus on finding possible bodies among the 29 boats that are known to have sunk in Acapulco Bay the night the hurricane hit. Navy Secretary José Rafael Ojeda said the boats have been located and that authorities are waiting for a ship equipped with a crane to arrive later Monday, to start lifting the wrecks out ...