U.S. insurers may have very little exposure to the massive losses caused by the earthquake that struck Haiti.
Haiti is one of the smallest insurance markets in the Americas, with a total non-life insurance premium income of just under $20 million, "which reflect the country's poverty," according to a report Wednesday from Newark, Calif.-based Risk Management Solutions Inc. By comparison, the total net premiums for property and casualty coverage in the U.S. in 2008 totaled nearly $441 billion, the most recent figures available from the Insurance Information Institutes 2010 Fact Book.
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