Puerto Rico News

Automated Weather Insurance Could Offer Help in an Increasingly Hot World

Carlos José Báez experienced the full brunt of Hurricane Maria when it made landfall in Puerto Rico as a catastrophic storm in 2017. The auto paint shop owner, who lives in Aguas Buenas, Puerto Rico, saw his home badly damaged …

Some 349,000 Still Without Power in Puerto Rico After Fiona

An estimated 349,000 homes and businesses were still without power in Puerto Rico on Wednesday after Hurricane Fiona hit on Sept. 18, causing an island-wide power outage for its 3.3 million people. After hitting Puerto Rico and the Dominican Republic, …

A Week After Fiona, Just Over Half of Puerto Rico Has Power

A week after Hurricane Fiona swiped Puerto Rico, causing catastrophic flooding and knocking out power to the entire island of 3.1 million, just over half of the US commonwealth has electricity, officials said. As of Sunday, power had been restored …

Puerto Rico Begins Restoring Power After Storm Snuffs Grid

Power is slowly being restored to parts of Puerto Rico Sunday after Atlantic storm Fiona clipped the island as a Category 1 hurricane, knocking out electricity to the entire US territory and causing “catastrophic damage,” Governor Pedro Pierluisi said. Packing …

Update: Hurricane Dorian Goes Easy on Puerto Rico, Gathers Force Heading for Florida

Dorian is gathering force as it aims to become the first major hurricane to slam into the Florida’s east coast in 15 years, with winds of at least 115 miles per hour and drenching rains. The hurricane’s center was located …

FEMA Chief Long to Leave Agency

Federal Emergency Management Agency chief Brock Long is leaving the agency he led through a record period of natural disasters — including a widely panned response to a storm that devastated Puerto Rico. “While this has been the opportunity of …

Beryl, Season’s First Hurricane, Weakens; Caribbean Islands, Puerto Rico Face Uncertainty

Tropical Storm Beryl moved rapidly westward early Sunday, heading for the Lesser Antilles at the eastern entrance of the Caribbean Sea. Although what had been the Atlantic season’s first hurricane was losing power, residents on islands hit hard by storms …

Aspen Insurance Acquires Puerto Rico Marine MGA, Blue Waters Insurers

Bermuda-based Aspen Insurance, the insurance segment of Aspen Insurance Holdings, announced it has acquired Blue Waters Insurers Corp. Blue Waters, which is headquartered in San Juan, Puerto Rico, is a specialist marine managing general agency. The company was founded in …

Hub International Expands in Caribbean with Puerto Rico Broker Buy

Chicago-based Hub International Limited announced that it has entered into a definitive agreement to acquire Carrión, Laffitte & Casellas, Inc. (CLC), a full service insurance brokerage firm headquartered in San Juan, Puerto Rico. The announcement said the “acquisition represents the …

Best Upgrades QBE Optima’s Ratings to ‘A-‘; Outlook Stable

A.M. Best Co. has upgraded the financial strength rating to ‘A-‘ (Excellent) from ‘B++’ (Good) and issuer credit rating to “a-” from “bbb” of QBE Optima Insurance Company, which is based in San Juan, Puerto Rico, and was formerly known …