Hurricanes Irma and Maria wreaked havoc in the Caribbean region, causing loss of lives and significant damage to properties, with some being deemed uninhabitable, resulting in many persons being displaced. NAGICO gives the assurance it will honour its obligations to each of its policyholders and settle their claims in a timely manner in accordance with the policy conditions.
The shareholders and Board of Directors of the NAGICO Group reassures its stakeholders, in particular its policyholders that NAGICO is a financially strong and stable institution, and maintains an exceptional reinsurance programme backed by the world’s largest and strongest A rated re insurers. In a release, the company said, "We are proud of the NAGICO team that has been very proactive and diligent with the management of the hurricane claims, having established and communicated multiple channels for customer reporting, including an online platform which was available to clients immediately after the passage of the storms.
"Our dedicated staff, agents and brokers, despite also suffering losses, have been working relentlessly to satisfy our customers’ needs and our team of adjusters are also actively visiting our clients as we deliver on our promise of fast and fair claim settlement. The NAGICO Group remains steadfast in its commitment to help its policyholders and the Caribbean region rebuild."