By NEIL HARTNELL

Tribune Business Editor

THE outgoing Bahamas Insurance Brokers Association's (BIBA) president has again complained that ties between commercial banks and large brokers are "cutting everyone else out" of the homeowners insurance market, with such arrangements proving "unfair" to consumers.

Vaughn Culmer, head of Vaughn Culmer & Associates, whose term as BIBA head expires at year-end, said that apart from being anti-competitive and anti-consumer choice, banks were not replacing 'like with like' when they placed mortgage clients on their group homeowners policies.

Explaining that Bahamas-based commercial banks were being imposing "strict re ...

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