Should Regulators be Involved in Setting Probable Maximum Loss Levels for the Industry?

Speeches • July 09, 2018 • by: FSC • [Download Document]

The Caribbean is exposed to two major catastrophes, windstorms and earthquakes. Last year,
the region suffered the full force of at least three major windstorms and there is the threat that
there will be more in the future, spurred on by climate change. The region is also exposed to
earthquakes; in 2010 Haiti felt the crushing impact of an earthquake which climbed to 7.1 on
the Richter scale. Where and when will the next big one strike? In