William Craig, CEO of BCMG Insurance Brokers, has obsesrved that Hurricane Melissa exposed deficiencies in some of the country's critical infrastructure.
He pointed out that it also exposed the financial fragility of many households because their properties were either not insured or under-insured.
The insurance executive is predicting that these gaps will result in a long and stressful process of recovery and as result, being fully prepared is no longer an option-it is an imperative.
Mr Craig has confimed that homeowners are now actively considering matters such as the safety of their homes as well as emergency planning, while business owners are taking business continuity, data protection and employee welfare more seriously.
He stressed that protection is no longer optional, it is fundamental to survival and stability, while adding that insurance has played a critical enabling role in this shift in thinking.
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