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Caribbean faces rising hurricane risks

From Insurance Daily , 1 year ago, Read 0 times. Similar articles

The future development of the Caribbean could be hampered by increasing hurricane and storm activity caused by climate change, according to the Caribbean Catastrophe Risk Insurance Facility (CCRIF). The study found that wind, storm surge and inland flooding damage took up 6% of some nations’ GDP, with costs expected to rise by 1-3% by 2030. The research looked at the impact of climate change on Anguilla, Antigua and Barbuda, Barbados, Bermuda, the Cayman Islands, Dominica, Jamaica and St.... Read more
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Caribbean risk pool, researcher launch rainfall model

From Commercial Insurance Marketing f, 2 year ago, Read 0 times. Similar articles

BRIDGETOWN, Barbados—A catastrophe risk pool for 16 Caribbean nations and a research organization said Wednesday it planned to launch a regional rainfall model Thursday to better manage the risks of extreme rainfall.View full post on Business Insurance – Web News Read more
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Lee Chin Bows Out

From News from timetoinvest.ca , 2 year ago, Read 0 times. Similar articles

Burlington, Ontario based AIC Ltd. sells it business to Manulife Financial Corp. Michael Lee-Chin who owns the privately held fund company would not reveal the price of the deal but stated that ?it's certainly ad different world versus five or 10 years ago'. The Jamaica Gleaner last month noted that Lee-Chin was unable to cover principal payments that AIC Barbados owed bondholder. He has extended payments three times so far. According to Business Week, Lee-Chin now 58 is 16th on the richest... Read more
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