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RSA insurance group books £50m hit for US and Caribbean hurricanes
By Scott McCulloch From insider.co.uk The hurricane provisions have been booked in the UK segment which also suffered from large weather-related losses and inflationary pressure on home insurance Insurer RSA has booked a £50 million hit from recent major hurricanes in…
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Disaster risks outweigh cover
By SHAWN CUMBERBATCH From Nation News Should Barbados and the region be more focused on disaster risk insurance? Whether you call them catastrophes or disasters, there are some events that are potentially crippling to countries, especially small nations like Barbados…
Koreans spend more than $3,000 a year on insurance [but Cayman Islands tops the list at $12,619]
From The Korea Herald Koreans paid more than a combined $3,000 per policy holder in insurance premiums for the year ended in March, a market researcher said Wednesday. Koreans’ insurance density stood at $3,034 in the financial year 2015-16, compared…
Caribbean governments now insured against excess rainfall
From Caribbean Catastrophe Risk Insurance Facility Grand Cayman, Cayman Islands, August 4, 2014 – The Caribbean Catastrophe Risk Insurance Facility (CCRIF) is pleased to announce that eight of its members have become the first countries to purchase its excess rainfall…
