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Barbados is entering another hurricane season with tens of thousands of homes still uninsured, raising concerns about the island’s financial resilience in the face of increasingly frequent and costly natural disasters, Barbados TODAY has learned.
Industry figures have warned that too many property owners remain without insurance protection despite the island’s continued exposure to hurricanes, flooding and earthquakes.
While approximately 40 000 homes currently carry insurance coverage, a significant number remain uninsured for a variety of reasons, said the General Insurance Association of Barbados (GIAB), responding to questions from Barbados TODAY.
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