Finance minister urges Jamaicans to close insurance protection gap
Finance Minister Fayval Williams is calling on Jamaicans to improve their insurance coverage. She spoke at an awards ceremony for FIRM Insurance Brokers Limited at a hotel in New Kingston. Williams warned that many people are not protected enough against unforeseen events and disasters. She noted that Hurricane Melissa showed a large gap between actual losses and the insurance people had.
Finance Minister Fayval Williams is urging Jamaicans to take a more deliberate approach to insurance coverage, warning that many people remain inadequately protected against disasters and other unforeseen events. Speaking at the 30th anniversary banquet and awards ceremony of FIRM Insurance Brokers Limited at The Jamaica Pegasus hotel in New Kingston on Saturday, Williams said the devastation caused by Hurricane Melissa had exposed significant gaps between the losses suffered by Jamaicans and the level of insurance protection they had secured.