Thursday, January 18, 2018

Property premiums going up*

NAGICO: US$600 million in hurricane claims


NAGICO, one of the region’s largest general insurance companies, is warning that insurance premiums in the Caribbean are likely to increase next year, following the damage caused by two Category 5 hurricanes, Irma and Maria, in September.
“We expect premium rates to increase among all insurance companies operating in the Caribbean, including those in Trinidad and Tobago, during 2018,” said NAGICO, in response to questions on the impact that claims during the 2017 hurricane season would have on the insurer’s premiums in the future.

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