Insurer defends sector as PM cites slow Dorian claims process

Thu, Jan 9th 2020, 10:37 AM

BAF Financial and Insurance is defending the insurance industry following comments last month by Prime Minister Dr. Hubert Minnis, that insurance companies had not yet completed assessing and compensating individuals following the passage of Hurricane Dorian, meaning the government could not move forward with moving buildings and debris on private property as part of reconstruction efforts on Abaco. BAF Chief Operations Officer Sandy Morley said as an industry, every effort is being made to fast-track the claims adjudication process as quickly as possible. “I saw the prime minister’s comments and I think the point was that the claims process was in some instances slowing down the cleanup process. Of course, there are service partners in the insurance industry, particularly on the property side; there are reinsurers and there are adjusters that are integral in the claims adjudication process,” he said.

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