The Bahamas may need to tap international debt markets as it confronts the steep cost of recovering from the most destructive hurricane ever to hit the islands. The government will probably borrow about $500 million in coming months as it deals with the roughly $3.4 billion in losses and damages from Hurricane Dorian, said K.… Continue reading Bahamas Storm Toll: $3.4 Billion Loss and Years of Rebuilding
Tag: Hurrican Dorian
Insured Losses for Hurricane Dorian in the Caribbean between $1.5B and $3B: Air Worldwide
Catastrophe risk modeling firm AIR Worldwide estimates that industry insured losses resulting from Hurricane Dorian’s impact to the Caribbean will range from USD 1.5 billion to USD 3 billion. AIR Worldwide is a Verisk business. According to AIR, Hurricane Dorian made landfall on St. Thomas on August 28 as a Category 1 hurricane. Dorian then… Continue reading Insured Losses for Hurricane Dorian in the Caribbean between $1.5B and $3B: Air Worldwide