Liberty Latin America Settles Insurance Claims for Hurricanes Maria and Irma
Liberty Latin America Ltd. - Class C (LILAK)
US:NASDAQ Investor Relations:
libertyglobal.com/ir.html
Company Research
Source: Business Wire
Total net third-party insurance proceeds of $108.5 million Final settlement payment of $58.5 million expected in Q1 2019 DENVER, Colorado--(BUSINESS WIRE)-- Liberty Latin America Ltd. (“Liberty Latin America” or “the Company”) (NASDAQ: LILA and LILAK, OTC Link: LILAB) today announced that it agreed with its third-party insurance provider in late December 2018 to settle claims for a gross total of $138.5 million under its integrated group property and business interruption insurance program for the damages caused by Hurricanes Maria and Irma. After the deduction of $30 million of self-insurance, the net third-party insurance proceeds for Liberty Latin America are $108.5 million. We have received net advance payments from our third-party insurance provider totaling $50 million, of which $45 million was provided to Liberty Puerto Rico and $5 million was provided to Cable & Wireless (“C&
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