Record Blackout Leaves 72% of Cuba Without Power

Impact verdict

Medium impact. Loss pathway: Island-wide grid collapse creates potential business interruption and property exposure for any commercial, energy, or port facilities on the island with international insurance placement. Evidence: 72% territory-wide loss of power, characterised by reporting as record-breaking. Limit: No specific insured facilities, multinational operations, industrial assets, or loss estimates have been named; Cuba's economy has limited foreign-owned insured exposure, so London Market materiality depends on whether any cross-border placements, energy infrastructure, or trade-related assets are affected. Cause of failure and restoration timeline have not yet been reported.