A Geography 361 Class Project

Sunday, November 21, 2010

Insurance for Three Islands

Approximately 12.8 million was payed out from insurance to islands in the eastern Caribbean for Hurricane Thomas damage. After the devastated damage from Hurricane Ivan in 2004, Caribbean leaders set up insurance agreements for the islands. If the wind speeds surpass an island's threshold, the insurance is triggered. Haiti was not eligible because it was not hit by threatening enough winds. Island insurance is an interesting concept. I wonder if the Marshal Islands could get insurance of some sort to protect the residents from losing their identity and rights. Improving their protection against future hazard events was a wise decision on Caribbean leaders' parts. They definitely learned from Hurricane Ivan.


http://www.msnbc.msn.com/id/40237381

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