Grand Bahama Hurricane Matthew insurance claims $267 Million

Bahamas, April 4, 2017 – Grand Bahama – Insurance claims following Hurricane Matthew were nearly half a million dollars and Grand Bahama accounted for the vast majority of the figure.  Specifically, Bahamas Insurance Association put the figure at $409 million with Grand Bahama clients seeking $267 million in gross insurance claims.

According to Emmanuel Komolafe, Chairman of BIA, in speaking to Tribune business, he explained that the figure represents 65%.  Property insurance claims were
cumulatively $265M, vehicle claims was $1, marine claims was 674,000 and $533,000 were engineering claims for the country’s second island.  Insurance claims for New Providence were $125M.

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