One of this region’s major insurance companies says to date it has received more than 1,000 claims totalling in excess of US$250 million as a result of the devastating impact of hurricanes Harvey, Irma and Maria on the Caribbean this year.
In a release, Massy United also reported that the majority of those claims – about 80 per cent – had already been paid “with the goal to have the remainder settled by the end of this month”.
The insurance firm, which operates in 18 regional territories, pointed out that losses were reported in nine of its markets, namely Antigua & Barbuda, Anguilla, St Maarten, St Kitts, the British Virgin Islands, Turks & Caicos, the Bahamas, Dominica and Montserrat.
“We were able to support these hurricane victims – some of whom are Massy United agents – due to the efforts of our staff,” said Chief Executive Officer Randy Graham, while pointing out that supplies for victims were provided through collections and donations from other markets in which the company operates.
“We had claims officers and adjusters on the ground almost immediately after the hurricanes struck to assess damages and soon after began to settle claims in those territories. In Dominica, for example, even though there was no light or running water, we opened our office so people could seek clarification on their claims,” Graham said, adding that the 40-year-old insurance company remained committed to serving its policyholders and helping them to rebuild.