Hotels explore collective insurance arrangement
Originally published by The Gleaner Read the original
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, strengthen their bargaining power and improve claims set
