Cedric E. Stephens | Why are so many Jamaicans uninsured? Can anything be done about it?

Last week, we examined one of the most important lessons from Hurricane Melissa. The storm damaged homes, businesses, infrastructure and livelihoods on a scale never seen in Jamaica. According to a joint assessment by the Inter-American Development Bank and the Economic Commission for Latin America and the Caribbean, losses reached historic levels of J$1.95 trillion (US$12.2 billion), or four times more than the cost of Hurricane Gilbert. Disasters are becoming increasingly frequent and costly.