hurricanes premium

Hurricane premiums soar in the Caribbean: CARICOM BUSINESS

Hurricane insurance premiums across the Caribbean are 50% higher than two years ago — and 100% higher if the insured has recently suffered significant damages. That’s the word from Ryan Barber, a Managing Director of global insurance giant Marsh. Deductibles have swelled to 5% of total damages versus 3% two years ago, he said. Between 2016 and 2020, hurricane insurance…