Tag: property insurance
Insurance sector expects to ration costly cover
(CNS): The Cayman Islands Insurance Association (CIIA) has confirmed that customers in the Cayman Islands can expect their property insurance premiums to go up this year by as much as 30% and that cover will likely be rationed as a result of the decline in the availability of insurance cover. The association issued a warning […]
Insurance sector warns of massive 2023 rate hike
(CNS): Homeowners can expect another significant hike in their bills next year as the local insurance industry is warning that property insurance premiums will increase significantly, with some people seeing hikes of as much as 30%. As inflation bites on grocery and utility bills and interest rates push mortgages to their highest for decades, this […]
