Triple-S updates operations after Hurricane Maria
Triple-S Management Corporation provided an update on its operations following Hurricane Maria. All of its buildings were successfully evacuated prior to the storm reaching the island and backup generators were already in place. While corporate headquarters experienced some wind and rain damage, Triple-S' businesses are up and running, albeit with a scaled-back workforce to allow employees to concentrate on the safety and well-being of their families. Roberto Garcia-Rodriguez, president and CEO of Triple-S Management, said, "We are still very early in assessing the damage Island wide, but our maximum P&C exposure is $10 million. Some of this exposure will likely be offset by our Managed Care operations, which are experiencing lower utilization as our members rebuild their homes and focus on their families. We continue to identify ways to help our members get the care they need in a timely fashion and the Government has made those in need of healthcare a top priority. The fallout from Hurricane Maria is another in a long list of challenges that Puerto Rico has faced in the last decade. I am confident that the resolve and resilience of our people will allow us to band together and rebound from this devastating natural disaster."