NIB: '12.1% uptick in employers failing to pay National Insurance Board contributions'

NASSAU, BAHAMAS – The National Insurance Board (NIB) has revealed that it has seen a significant uptick in cases where the government agency has been forced to take employers to court for delinquent NIB payments. Heather Maynard, Acting Director of NIB, said the agency has taken about 300 employers to court for failing to pay [...]

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Turnquest says govt looking at ways to lower home insurance

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Bahamas Insurance Association donates new equipment to Meteorology Department

NASSAU, BAHAMAS — Department of Meteorology officials welcomed a donation of new equipment to help with disaster analysis and weather reporting today. The Bahamas Insurance Association and its members—Family Guardian Insurance, RoyalStar Assurance Insurance and J.S Johnson Insurance Agents and Brokers—donated three Advance Davis Instrument Weather Stations Pro2's in Thursday Afternoon. Direc...

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Act amendment mandates boat insurance

AMENDMENTS to the Boat Registration Act that passed the House of Assembly yesterday mandates that boat owners have a comprehensive insurance policy and outlines inspection requirements and registration fees.

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Minister Sears updates on Immigration and National Insurance - steps to increased efficiencies

Immigration and National Insurance: “These two critical institutions play key roles in the fabric of our nation and touch the lives of every Bahamian, permanent resident, investor, expatriate worker, and tourist in the Bahamas,” said the Hon. Alfred Sears, Minister of Immigration and National Insurance. Minister Sears was making his contribution to the mid-year budget on Thursday, March 7, 20...

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Minister Alfred Sears - Mid-Term Budget Contribution - Ministry of Immigration and National Insurance

Mr. Deputy Speaker,

Honorable Members of the House of Assembly

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MOE security officers protest for owed overtime, promotions and insurance

SECURITY officers in the Ministry of Education protested outside the Office of the Prime Minister yesterday, saying they are tired of fighting for owed overtime pay, promotions, and insurance.

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Colina Insurance Supports 5th Annual Cancer Society of The Bahamas Golf Tournament

Colina Insurance supported the Cancer Society of The Bahamas’s Golf Tournament for another consecutive year as the Presenting Sponsor. The highly anticipated event brought together avid golfers, sponsors, and supporters in an effort to raise funds for expansion of the Cancer Caring Centre.

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Woman accused of insurance fraud scheme granted bail

A WOMAN was granted bail yesterday after she was allegedly involved in an insurance fraud scheme where she attempted to steal over $9,000 in the last two months.

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GBPA Workers Union concerned over safety and insurance for all at Grand Bahama Shipyard

COREY Cartwright, president of the Grand Bahama Port Authority Workers Union, expressed concern about an industrial accident involving a contract worker at the Grand Bahama Shipyard.

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Summit Insurance CEO Timothy Ingraham elected BCCEC chairman along with new Board of Directors

NASSAU, BAHAMAS — The Bahamas Chamber of Commerce and Employers' Confederation (BCCEC) held its Annual General Meeting and Election of its Board of Directors on November 30, 2023.  Timothy Ingraham (CEO of Summit Insurance Co. Ltd.) was elected as Chairman by the membership of the BCCEC to serve a two-year term and lead the Board [...]

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Insurance regulator concerned over underinsurance risk as reinsurance rates rise

NASSAU, BAHAMAS — The insurance industry regulator has expressed concern that the risk of underinsurance in this jurisdiction will increase, and access to insurance likely diminish as many reinsurers have not only raised their rates but reduced the amount of capacity offered to this region. Michelle Fields, the Insurance Commission's Superintendent of Insurance while addressing [...]

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Minister Sears meets with GB Immigration and National Insurance staff

Minister of Immigration and National Insurance, the Hon. Alfred Sears met with members of both agencies while in Grand Bahama on Friday, October 27.

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National Health Insurance Authority Making Steady Progress Towards Universal Health Coverage

The Ministry's attention has been drawn to social media posts and online publications being circulated that have sought to discredit and defame the work of the National Health Insurance Authority (NHIA) and its leadership. The content shared is inaccurate and viewed as an ineffective attempt to distract from our dedicated efforts to improve healthcare services throughout The Bahamas.

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How To Close The Insurance Gap

NASSAU, BAHAMAS - Is your home insured? The Insurance Association of The Caribbean is hoping to make insurance more accessible with something called micro-insurance.

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Insurance Wants Seat At Climate Change Talks

NASSAU, BAHAMAS - Insurance companies from around the country met to talk about climate change, and how insurance may be a tool.

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Why Life Insurance Matters in The Bahamas

Co-written By: Tamara Desmangles, Life Manager, CG Atlantic Medical & Life & Jonathan Robinson, Sales Manager, Coralisle Group Ltd. (PAID ADVERTORIAL)

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Sunshine Insurance Presents: The Pink Run 5K

NASSAU, BAHAMAS - Sunshine Insurance, the driving force behind Marathon Bahamas, is thrilled to unveil a new chapter in their commitment to health, community, and support.

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Howard Knowles appointed General Manager at Family Guardian Insurance Agents Brokers

assau, Bahamas - Howard Knowles newly appointed General Manager, FG Insurance Agents & Brokers.

Patricia Hermanns, President of
FamGuard, has announced the appointment of Howard Knowles to the
position of General Manager, FG Insurance Agents & Brokers.

Mr.
Knowles is an Associate of the Chartered Insurance Institute (ACII) and
a Chartered Insurer. He has a wealth of exper...

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Howard Knowles appointed General Manager at Family Guardian Insurance Agents Brokers

assau, Bahamas - Howard Knowles newly appointed General Manager, FG Insurance Agents & Brokers.

Patricia Hermanns, President of
FamGuard, has announced the appointment of Howard Knowles to the
position of General Manager, FG Insurance Agents & Brokers.

Mr.
Knowles is an Associate of the Chartered Insurance Institute (ACII) and
a Chartered Insurer. He has a wealth of exper...

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Health insurance approved for nurses

The government has approved a health insurance scheme for nurses that is expected to be implemented on or before July 1, Health Minister Dr. Hubert Minnis confirmed to The Nassau Guardian Tuesday.

"It is group insurance. About $26 million has been allotted for nurses insurance, police and security, a portion of that would have been allotted for the nurses," he said.

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National Insurance Regulation Amendments - Prime Minister Hubert Ingraham

Nassau, Bahamas - Enclosed is Speaking Notes

by Prime Minister Hubert Ingraham on National Insurance Regulation Amendments.

Successive actuarial reviews of the National
Insurance Fund highlighted the financial challenges that lie ahead for National
Insurance. Specifically, long-term projections suggest that if no change is
made to the contribution rate, or to the way benefits are awarded and
cal...

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Prime Minister & Minister of National Insurance On The 2010 Amendments to National Insurance Regulations

Successive actuarial reviews of the National Insurance Fund highlighted the financial challenges that lie ahead for National Insurance. Specifically, long-term projections suggest that if no change is made to the contribution rate, or to the way benefits are awarded and calculated, the National Insurance Fund could be exhausted in the early 2030?s.

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Retirement Planning - How National Insurance Is Putting More Money In Your Pockets

You may not realize but the recent changes to National Insurance is going to put more money in your pockets. Read on and find out exactly how:

Amidst the noise you may really not recognized that the resent amendment
to the National Insurance Regulation may be the most important social
reform legislation since National Insurance was established in 19974 -
totally transforming the social securit...

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Cards are ready for 10,000 National Insurance members

By NOELLE NICOLLS

Tribune Staff Reporter

nnicolls@tribunemedia.net

ABOUT 10,000 National Insurance members can now collect their cards from any NIB office.

The cards are not active as yet, but they are expected to be later this month.

The first set of beneficiaries of the National Prescription Drug Plan (NPDP) received prescription cards last week.

"The card is the member's authorisation to ...

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Scotiabank's new home insurance initiative 'hurting' other providers

A NEW home insurance initiative by Scotiabank (Bahamas) Ltd is causing some unwanted effects to other small insurance providers, with one company confirming to Tribune Business yesterday that they have seen, as a result, a fall off in premiums to the tune of $2million since February of this year.

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Changes coming for insurance industry

By JAMMAL SMITH
Guardian Business Reporter
jammal@nasguard.com

Changes to financial reporting methods from insurance companies in the country may be on the way with the head of the Bahamas Institute of Chartered Accountants saying the new global standards will be beneficial to the industry.
BICA President Reece Chipman spoke on the topic at the organization's seminar on the insurance industry, he...

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BFSB expects captive audience for insurance event

By STAFFâ WRITER
Guardian Business
The Bahamas Financial Services Board(BFSB)and its association partners the Bahamas Institute of Chartered Accountants(BICA)and the Insurance Institute of the Bahamas(IIB), in collaboration with corporate sponsors KPMG and RBC Wealth Management, will host a one-day insurance orientation seminar for the local business community on Monday, September 20.
The e...

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Insurance business'fairly flat'

By INDERIA SAUNDERS
Guardian Business Reporter
inderia@nasguard.com
The increasing number of accidents, natural disasters or a levelling off in the recession appears not to have convinced the public to stick with their insurance payments.
Head of the Bahamas General Insurance Association confirmed yesterday that premium collections are still down. And the recent tax hikes in the 2010/2011 Budget d...

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Captive insurance seminar set for next week

By STAFF WRITER
For The Guardian

A one-day insurance orientation seminar for the local business community is set for next week in an effort to build awareness on the domestic front of the Captive sector and related opportunities.
The event is hosted by the Bahamas Financial Services Board(BFSB)and association partners, the Bahamas Institute of Chartered Accountants, and the Insurance Institute of...

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