Insurance

Insurers demonstrated the robustness of their reinsurance arrangements and claims responsiveness with swift payments of most of the US$100 billion in insured losses.

The passage of Hurricanes Irma and Maria, during the worst hurricane season to date, marked the first recorded instance of two Category 5 hurricanes occurring in the same month and accentuated the need for all Caribbean territories to re-evaluate the maximum wind speeds that can now be expected and to revise and enforce building codes appropriately.