Hotels explore collective insurance arrangement…JHTA surveys members as dissatisfaction grows over delayed and reduced hurricane payouts

Hotels explore collective insurance arrangement…JHTA surveys members as dissatisfaction grows over delayed and reduced hurricane payouts

WESTERN BUREAU: Jamaica’s hotel operators are exploring the possibility of collectively restructuring their property insurance arrangements amid mounting dissatisfaction over delayed and reduced settlements of Hurricane Melissa claims. Industry sources familiar with the discussions say members of the Jamaica Hotel and Tourist Association (JHTA) are considering whether pooling their insurance requirements could secure more favourable terms, stren…