Hanover losses spotlighted in Lloyd’s study on Caribbean insurance gaps

A study commissioned by Lloyd’s, the London-based insurance and reinsurance marketplace, found that farmers, fishers and tourism workers in three hurricane-exposed Caribbean countries — Jamaica, Barbados and Grenada — are left to replace lost boats, crops, livestock and equipment themselves because they lack insurance. They should get faster intervention from the government, while co-operatives they trust, like credit unions, should start offering insurance-related products.

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