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The magnitude-5.6 earthquake that rattled Jamaica on Monday serves as a reminder that we need to keep strengthening our ability to respond to natural disasters. Luckily, so far, there have been n ...
WE welcome the announcement from Prime Minister Andrew Holness that Government will appoint a committee to review Jamaica’s overall response mechanism to natural disasters and make suggestions ...
Natural disasters have cost Jamaica an estimated US$1.2 billion between 2001 and 2010. The damages and losses from Hurricane Ivan in 2004 alone exceeded US$350 million. The impact on people’s lives ...
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A magnitude 7.7 earthquake struck the coast of Jamaica in the Caribbean Sea, resulting in a possible tsunami threat, according to CNN and the U.S. Geological Survey.The U.S. National Weather Servic… ...
Climate change is increasing the frequency and intensity of natural disasters like hurricanes and floods. Climate change is ...
While Jamaica has to turn inwards to cover damage costs, the country has $1.6 billion in a disaster safety net, Bloomberg said. Meanwhile, its sovereign bonds remain intact.
But, as Bloomberg recently reported, the nation won’t be able to access $150 million in financial aid from a bond established to cover natural disasters, despite Jamaica’s Prime Minister, the ...
Jamaica can't tap into catastrophe-bond funds despite Hurricane Beryl's devastation. That's because the air pressure level required for a payout wasn't exceeded. Bondholders therefore didn't have to ...