Insurance & Reinsurance

First Payments of $12.8m Made by CCRIF for Hurricane Dorian Damage

CCRIF announced today that it has made two payouts to the Government of The Bahamas totalling US$12.8 million (US$12,824,153) following the passage of Hurricane Dorian that caused widespread devastation in the northern part of the […]

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Hurricane Dorian: RMS Estimate Potential Costs of $6.5bn

RMS, a leading global risk modeling and analytics firm, has estimated that insured losses to the Caribbean from Hurricane Dorian will be between $3.5 and $6.5 billion. This estimate represents insured losses associated with wind […]

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CCRIF Makes $11m Initial Payment to Bahamas, Following Hurricane Dorian

CCRIF will pay The Bahamas approximately eleven million United States dollars (US$10,936,103) following the passage of Hurricane Dorian that caused widespread devastation in the northern part of the 700-island archipelago. The Bahamas has 3 tropical […]

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Hurricane Dorian Could Cost the Reinsurance Sector Billions

The costs of Hurricane Dorian could be $25 billion according to UBS, and the storm still hasn’t made landfall on the US mainland. Dorian, which is the second-strongest Atlantic storm on record, (see graphic above […]