The president of the Dominican Chamber of Insurers and Reinsurers (CADOAR), Dr. Luis Eduardo Guerrero revealed yesterday that the Dominican insurance industry has paid out 58.3% of claims filed this year, representing around RD$3.5 billion. The remaining 41.7%, he said, represents claims in the process of adjustment and negotiation with insured parties affected by Hurricane Georges. Speaking at a CADOAR ceremony to welcome the new Superintendent of Insurance, Dr. Euclides Gutiérrez Félix, Dr. Guerrero asserted that the Dominican insurance industry is emerging from the Hurricane Georges experience stronger than ever, bolstered by the knowledge that it dealt quickly and effectively with the challenge of the hurricane, and by a public now more aware of the need for adequate property insurance policies.
