The Financial Services Commission (FSC) is intensifying its review of unresolved insurance claims following Hurricane Melissa, with 1,563 cases pending as of September 30, 2026. Although a settlement rate of 85% has been reported, reserves for unresolved claims amount to 5.49 billion Jamaican dollars and 489.96 million US dollars. The FSC is focusing on managing these cases and payment delays to ensure compliance with insurers' obligations to policyholders.
FSC strengthens its control over insurance claims related to Hurricane Melissa
This article was updated at 13:15.