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Caribbean property insurance
NOAA forecasts an above-normal 2025 hurricane season as Jamaica’s IMF programme completes, Barbados launches a US$450 million climate resilience bond, and Caribbean spring tourism closes at record levels.
Four months after Hurricane Beryl, Caribbean recovery exceeds expectations: Jamaica tourism at 98% of prior year, Grenada rebuilding with CDB aid, and Guyana’s oil output surpasses 600,000 bpd.
Three months after Hurricane Beryl, the Caribbean property market shows resilience: CCRIF pays US$52M to governments, insured losses total US$2.5-3B, and winter tourism bookings track ahead of 2023.
Hurricane Beryl devastates the Caribbean in July 2024 — the earliest Category 5 Atlantic storm on record. Carriacou faces near-total destruction, Jamaica counts J$15B in damage, and insurance gaps are exposed.
Hurricane Beryl makes historic landfall on Carriacou, Grenada on 1 July 2024 as the earliest Category 5 Atlantic storm on record, devastating the Windward Islands and tracking toward Jamaica.
The 2024 Atlantic hurricane season opens on 1 June with NOAA forecasting an above-normal season, Caribbean property insurance premiums up 15-20%, and spring tourism closing at record highs across Jamaica and the DR.
The 2023 Atlantic hurricane season, featuring Category 5 Lee and Tammy’s Leeward Islands impacts, approaches its close as Caribbean property insurance costs rise 15-25 percent and winter tourism forward bookings signal a record season.
Six weeks after Hurricane Fiona struck Puerto Rico and the Dominican Republic, the Caribbean property insurance market faces 20–35% premium increases as reconstruction needs mount and CCRIF delivers rapid payouts.
Hurricane Dorian’s Category 5 assault on the Bahamas — 185 mph sustained winds, $3.4 billion in damage, 70,000 displaced — marks the Caribbean’s worst property disaster since Maria. We examine the full scale of the loss and the shape of the reconstruction challenge ahead.
One year after Hurricanes Irma and Maria reshaped the Caribbean, this edition surveys reconstruction progress, the transformation of the regional property insurance market, and how affected territories are translating disaster into a platform for resilient rebuilding.
Jamaica Homes News
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Jamaica Homes News brings you the latest Jamaican news, property, business, tourism, development and community stories from across the island. Discover the people, places and developments shaping Jamaica today, with timely news and local insight you can trust.
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