GLRE - Haiti Quake Insured Loss ~$250 Million Says KCC Some Parametric Exposure
- The devastating earthquake that struck the Caribbean nation of Haiti on August 14th is only expected to drive insurance industry losses of around US $250 million, while we’re hearing some parametric contracts are exposed.
- The impact of the quake has been significant in the affected region, while tropical depression Grace has also made recovery and response more challenging due to its torrential rainfall.
- Countries like Haiti struggle to recover from major natural disasters and often the end-result is more donor funding and debt for the government.
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Haiti Quake Insured Loss ~$250 Million Says KCC, Some Parametric Exposure