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Still no settlement | HLSCC insured days before Irma

A section of H Lavity Stoutt Community College

The H Lavity Stoutt Community College (HLSCC), which became insured 37 days before Hurricane Irma, has still not received an insurance settlement for the extensive damage it received during the category-five storm nearly a year ago.

The college has a $31 million insurance policy with NAGICO Insurances.

The state-owned educational facility received a little more than $10 million worth of damage from the hurricane.

“No settlement has been arrived at yet but the discussions are ongoing,” said Education Minister Myron Walwyn, who claimed he is ‘not sure’ why the college still has not arrived at a settlement some 10 months later.

“There are a number of issues. I think many of us who would have been dealing with the insurance companies know, pretty much, there ends up being some measure of negotiations where both parties (the insurer and the insured) are satisfied. I know the board of governors [at HLSCC] will do their best to ensure the college gets what they consider to be a fair settlement,” he said.

Walwyn was answering questions in the House of Assembly last Thursday, July 19.

Though not yet arriving at a settlement with the insurance company, HLSCC had received a million-dollar advance from NAGICO not long after the hurricane.

Walwyn said the $1 million sum was so the college could start its recovery process “to ensure it was functioning to a minimum acceptable standard”.

HLSCC, which recently held its 2018 graduation ceremony, was able to begin classes by October 23.

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5 Comments

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  1. L says:

    That’s the —– insurance company to have to deal with. they have the most talk, but the — action. I don’t know who they trying to f—, but they can’t f— me.

  2. Fairytale? Just in time? says:

    Did they ever pay any premium? Some of us have been paying for years but got nothing or not enough. And by the way that date sounds like a fairytale.

    Like 4
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  3. Political Observer (PO) says:

    What is the real reason after 10 months that the insurance company has not settled the valid claim? The article says that the policy took effect 37 days before Irma. Was this a policy a renewal or a new policy? Many insurance companies policy stipulate that a windstorm policy must be in effect a minimum number of days before they will reimburse policy holders, ie, 30, 60, 90…..etc days for losses; cannot buy insurance when a storm forms. Well, you can but the waiting period comes into play. So what is the real story with HLSCC? Or there are other factors?

  4. BuzzBvi says:

    I am sure anyone who had the misery of being insured with —— will know why.
    One way to avoid this misery in the future is clear. All beware of the practices in the insurance business. And all beware of the worst of these companies.
    Funny business going on with the company dealing with H—-.

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