March 25--GEORGE TOWN, Cayman Islands -- As part of an agreement with renowned Indian heart surgeon Dr Devi Shetti to build a 2,000-bed health care city to target American patients and insurers searching for discounted medical care, the Cayman Islands passed legislation last week to cap medical negligence claims at US$500,000.

BBC Caribbean reported that the British territory is under pressure from the UK to diversify its economy and move away from its tax haven image.

The proposed Shetti health care facility will reportedly cost about $2 billion, and will include a hospital, medical university, and assisted living facility.

To see more of Caribbean News Now, go to http://www.caribbeannewsnow.com

Copyright (c) 2011, Caribbean News Now, Grand Cayman, Cayman Islands

Distributed by McClatchy-Tribune Information Services.

For more information about the content services offered by McClatchy-Tribune Information Services (MCT), visit www.mctinfoservices.com, e-mail services@mctinfoservices.com, or call 866-280-5210 (outside the United States, call +1 312-222-4544)