Cayman set to boost hurricane insurance cover
Cayman’s Minister for Finance and Economic Development Rolston Anglin told the Compass his ministry has decided to increase the islands’ insurance coverage for natural catastrophes.
“We agreed within the Ministry of Finance that it was time to review the current coverage level – it has been in place for a considerable period of time,” said Anglin. “Our exposure has increased. The country has grown, and there are more assets at risk.”
The rapid expansion of Cayman’s population, economic output and built environment means the jurisdiction could see much higher monetary losses if hit by a hurricane. Moreover, inflation in construction costs means that even replacing an old building will need more insurance cover now than it did a decade ago. For a more complete summary of the story, please see the below link:
Published on: Apr 27, 2026 09:46 PM