THE Insurance Association of Jamaica (IAJ) is advising that the property insurance market is in crisis and homeowners should expect to feel the effects in the coming months.

Speaking at a press conference on Wednesday, IAJ Director Peter Levy said, “We currently are in crisis, but there’s a way through it, but we have to work together.”

Levy was speaking about the predicament of large reinsurers pulling out of the region or deciding not to offer more capacity to insurance companies in the region.

https://www.jamaicaobserver.com/business/property-insurance-crisis/