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Insurance Commissioner examines financial health of Property and Casualty insurers

As hurricane season begins, regulator Alexander Adams says the segment is stable, but has a constant monitoring

May 28, 2024 - 11:00 AM

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In a file photo, men work on repairing the roof of a business in the Los Vizcarrondo sector in Canóvanas after Hurricane Fiona struck on September 22, 2022. (tonito.zayas@gfmedia.com)

By Marian Díaz

Periodista de Negociosmarian.diaz@gfrmedia.com

Puerto Rico’s Property & Casualty (P&C) insurance sector enters the hurricane season with about $1.6 billion in capital, a cash flow of about $359 million, but with less net income than a year ago, despite a 13% increase in premiums, according to data from the Association of Insurance Supervisors (AIS)