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BROKERS 'CUT OUT' OF HOMEOWNERS INSURANCE MARKET
December 12, 2011
BROKERS 'CUT OUT' OF HOMEOWNERS INSURANCE MARKET
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...
Details of deferred insurance premiums revealed
April 22, 2020
Details of deferred insurance premiums revealed
More details stipulating exactly who is exempt from paying insurance premiums and under what terms have been revealed in the latest amendments to the government's Emergency Powers Orders. The original order made by Prime Minister Dr. Hubert Minnis last month lacked such details, and only [...]
The post Details of deferred insurance premiums revealed appeared first on The Nassau Guardian.
Captive insurance has hit a sweet spot
September 01, 2022
Captive insurance has hit a sweet spot
CEO of CG Captive Managers Guilden Gilbert said the captive insurance industry has reached a sweet spot in The Bahamas, given that capital in certain lines of business dried up. Captive insurance is an alternative to self-insurance in which a parent group (or groups) create a licensed insurance company to provide coverage for itself. Gilbert ...
The post Captive insurance has hit a sweet spot appe...
August 11, 2022
Halkitis: Govt, insurers still have opposing views on health insurance VAT change
Government and the insurance sector continue to have dialogue over the government's plan to move the burden of value-added tax (VAT) costs on healthcare services for insured people from both the insured person and the insurance provider to solely the insured person, Minister of Economic Affairs Michael Halkitis revealed yesterday, explaining that the insurance sector has ...
The post Halkitis...
McCartney stepping down from Insurance Commission
January 12, 2011
McCartney stepping down from Insurance Commission
After nearly three years with the Insurance Commission of The Bahamas as its superintendent, Lennox McCartney is stepping down on March 31.
McCartney told Guardian Business that his decision to resign was based on his desire to “pursue other ventures,” and is confident that the commission will continue to move in the right direction.
“The commission has a good team in place and t...
Insurance sector chief set to retire
January 11, 2011
Insurance sector chief set to retire
By NEIL HARTNELL
Tribune Business Editor
The Bahamas' head insurance regulator, Lennox McCartney, has resigned from his position with effect from March 31, 2011, Tribune Business can reveal, a move that was expected to happen by year-end 2010.
Neither Mr McCartney, the Superintendent of Insurance, who was in a meeting, and Zhivargo Laing, minister of state for finance, returned Tribune Business...
January 11, 2011
Doctors Hospital Donates to Sunshine Insurance Marathon Bahamas
Nassau, Bahamas - Given
the fact that we work and live in such beautiful surroundings everyday, we tend
to take for granted the reasons millions of tourist visit our shores each year. The Sunshine Insurance Marathon Bahamas road
race next weekend is set to stage sports tourism at its best with a unique
marathon that is 'rich in culture and surrounded by panoramic views of the
ocean, flora and isla...
Bahamas National Insurance Board raises taxes again
January 09, 2011
Bahamas National Insurance Board raises taxes again
EDITOR, The Tribune.
WALLETS are a little bit lighter this week as a result of increases in the NIB payroll tax of up to 25 peer cent.
There is no doubt many people receive financial help from the National Insurance Board that might otherwise be forced to do without, and that's fair enough if that's why the NIB was created.
But according to the NIB's web site:
"Its primary mission was and is t...
January 09, 2011
The Bahamas National Insurance Board (NIB) raises taxes again
Wallets are a little bit lighter this week as a result of increases in the NIB payroll tax of up to 25%.
There is no doubt many people receive financial help from the National
Insurance Board that might otherwise be forced to do without, and that's
fair enough if that's why the NIB was created.
But according to the NIB's web site:
"Its primary mission was and is to provide income-replacement ...
Wage ceiling increase at National Insurance Board
January 06, 2011
Wage ceiling increase at National Insurance Board
By AVA TURNQUEST
Tribune Staff Reporter
aturnquest@tribunemedia.net
THE WAGE ceiling increase at the National Insurance Board this month is only the first step in strategic efforts to align employee benefits with actual earnings and also extend the longevity of the fund.
NIB Director Algernon Cargill explained that incremental increases to the wage ceiling can be expected every two years, with...
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