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The Cayman Islands will not receive any payout from the Caribbean Catastrophe Risk Insurance Facility for the damage incurred on Cayman Brac from hurricane Paloma. As we said a few weeks ago, this is due to the high deductible level purchased by the Cayman Islands. The high deductible means that for the storm to have […]

Hurricane Paloma battered the Cayman islands of Brac and Litte Cayman during it’s rampage across the Caribbean over the weekend. The Cayman Islands are covered by the Caribbean Catastrophe Risk Insurance Facility but it’s not at all clear weather they will receive a payout from it. Cayman Brac received a direct hit from Paloma while […]