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International

Low insurance penetration to limit recovery from hurricane Dorian

October 04, 2019 Reprints

Ken Hutton, president of the Abaco Chamber of Commerce, said that lack of insurance on the island will be a "huge factor" limiting the pace and extent of recovery from the damage caused by hurricane Dorian, The Tribune reports. With multiple businesses and entrepreneurs "wiped out," those who had mortgaged their homes to finance ventures would be unable to rely on insurance payouts stemming from residential claims as these would go to the bank or other lenders.

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Low insurance penetration to limit recovery from hurricane Dorian

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