Search results for : Insurance - Property
January 17, 2020
Rolle urges policy to generate higher property insurance uptake
John Pinder. FILEThe Bahamas needs public policy to cause Bahamians to have a higher uptake of insurance coverage for their properties, Governor of The Central Bank of The Bahamas (CBOB) John Rolle said yesterday, explaining that if Bahamians rely on public subsidies for home repair following a [...]
The post Rolle urges policy to generate higher property insurance uptake appeared first on The Nas...
Will Vacation Rentals Surpass Hotel Bookings?
May 06, 2019
Will Vacation Rentals Surpass Hotel Bookings?
A just released Engel & Völkers data report giving the latest information on The Bahamas’ vacation rental market, also references a respected industry source that predicts by 2020 it will surpass the traditional hotel booking business...
VAT removed from residential property insurance
May 31, 2018
VAT removed from residential property insurance
After a call from the insurance sector for government to remove value-added tax (VAT) from residential property insurance, Deputy Prime Minister and Minister of Finance Peter Turnquest revealed yesterday in the government's 2018/2019 budget that it has not only complied with the request from the insurance [...]
The post VAT removed from residential property insurance appeared first on The Nassau G...
Bahamas First sees minimal uptick in property insurance purchases after devastating storms
May 23, 2017
Bahamas First sees minimal uptick in property insurance purchases after devastating storms
President and CEO of Bahamas First Patrick Ward expressed concern that there was only a slight rise in the amount of homeowner and commercial property insurance purchased to date after the devastating impact of Hurricane Matthew.
Ward told Guardian Business yesterday that the number of insurances purchased was "certainly not widespread enough" to indicate a substantial shift from buying patterns p...
November 04, 2013
Govt agrees to 'exempt' property and casualty insurance
Lobbying by the property and casualty insurance sector has resulted in a decision by the government to also exempt this part of the insurance industry from VAT, in addition to the health and life sector, Guardian Business can reveal...
Losing sight of the role of the church
July 19, 2012
Losing sight of the role of the church
Dear Editor,
The Nassau Guardian reported that Dr. Philip McPhee wants churches to give government "financial donations for national development programs" (Churches asked to give govt revenue, July 17, 2012), as a fallback position for those churches that do not want a referendum legalizing numbers/gambling houses.
Of course gambling is already 'legal' as numbers houses operate with business lice...
Property insurance boost for consumer
December 29, 2010
Property insurance boost for consumer
By NEIL HARTNELL
Tribune Business Editor
Hard-pressed Bahamian consumers are set to enjoy some modest New Year cheer in one respect, Tribune Business can reveal, as general insurance carriers move to lower property insurance premiums in 2011.
This newspaper's contacts informed it yesterday that one Bahamas-based general insurance underwriter, RoyalStar Assurance, had already decided to lower pr...
Families File Lawsuits Over Dorian Insurance Payouts
March 11, 2020
Families File Lawsuits Over Dorian Insurance Payouts
LAWSUITS have been filed against insurance companies in Freeport over their alleged failure to make proper payment for insurance claims filed over property damage associated with Hurricane Dorian...
THE STRUGGLE IS REAL: Insurer acknowledges challenges in managing impact of higher rates on customers
March 15, 2024
THE STRUGGLE IS REAL: Insurer acknowledges challenges in managing impact of higher rates on customers
NASSAU, BAHAMAS — A local BISX-listed insurer has acknowledged challenges in mitigating the impact of higher insurance rates on consumers as it renewed concerns over the lack of reinsurance capacity despite surging demand for property coverage in the region. Alister McKellar, JS Johnson's managing director, in his latest quarterly update to the company's shareholders, noted: [...]
March 12, 2024
Veteran Financial Services Consultant, Real Estate Broker Suzanne Black Joins MAISON Bahamas, Forbes Global Properties
MAISON Bahamas, Forbes Global Properties, has announced the recent appointment of award-winning financial services consultant and veteran real estate broker Suzanne Black to the boutique firm. Ms. Black will serve in a dual capacity of consultant and property sales.
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