This country’s insurance companies report an upsurge in vehicle accidents and say they are paying out 150 million dollars a year in traffic accident claims.
The President of the General Insurance Association of Barbados Randy Graham tells Starcom Network News that payouts for property damage have not been significant as Barbados has been spared major storm events.
However, in relation to vehicle insurance, it’s a different situation.
Mr. Graham notes the significant payouts for car crashes.
President of the General Insurance Association of Barbados Randy Graham.
