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April 04, 2024
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...
Act amendment mandates boat insurance
March 21, 2024
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.
Minister Sears updates on Immigration and National Insurance - steps to increased efficiencies
March 13, 2024
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...
Minister Alfred Sears - Mid-Term Budget Contribution - Ministry of Immigration and National Insurance
March 08, 2024
Minister Alfred Sears - Mid-Term Budget Contribution - Ministry of Immigration and National Insurance
Mr. Deputy Speaker,
Honorable Members of the House of Assembly
February 07, 2024
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.
January 31, 2024
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.
Woman accused of insurance fraud scheme granted bail
January 17, 2024
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.
GBPA Workers Union concerned over safety and insurance for all at Grand Bahama Shipyard
December 21, 2023
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.
Summit Insurance CEO Timothy Ingraham elected BCCEC chairman along with new Board of Directors
December 12, 2023
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 [...]
November 08, 2023
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 [...]
November 02, 2023
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.
National Health Insurance Authority Making Steady Progress Towards Universal Health Coverage
October 27, 2023
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.
Businessman Mario Carey Urges Insurance Company Reform, Liberalize Whole Life, Extend Health Coverage
May 31, 2022
Businessman Mario Carey Urges Insurance Company Reform, Liberalize Whole Life, Extend Health Coverage
Less than one week after insurance companies asked the Insurance Commission to allow them to invest in U.S. funds, a leading businessman is calling for a lifting of similar restrictions on the consumer, declaring that Bahamians should be allowed to seek coverage from companies outside the jurisdiction.
“The laws that govern how and where Bahamians can obtain health and life insurance hurt the...
June 02, 2022
Govt to renew parametric insurance as hurricane season begins
The Bahamas' parametric insurance provided by the Caribbean Catastrophe Risk Insurance Facility SPC (CCRIF) should be renewed by today, Prime Minister Philip Davis said yesterday. His announcement comes as meteorologists track two disturbances that could potentially bring heavy rain and thunderstorms to The Bahamas. One of the disturbances, which will be in the area by tomorrow ...
How To Close The Insurance Gap
September 16, 2023
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.
Insurance Wants Seat At Climate Change Talks
September 14, 2023
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.
Why Life Insurance Matters in The Bahamas
September 07, 2023
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)
Sunshine Insurance Presents: The Pink Run 5K
August 31, 2023
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.
Insurance Management replaces its co-insurer
November 15, 2010
Insurance Management replaces its co-insurer
By NEIL HARTNELL
Tribune Business Editor
INSURANCE MANAGEMENT, the Bahamian insurance broker and agent, has replaced Nemwil as the 20 per cent co-underwriter on its property/casualty policies with rival Caribbean insurer, Island Heritage, Tribune Business can reveal.
Confirming the move to replace the Trinidadian-based insurance carrier with its Cayman Islands-headquartered rival, Cedric Saunde...
Jamaica studying Bahamas unemployment insurance
April 28, 2022
Jamaica studying Bahamas unemployment insurance
JAMAICAN officials are in The Bahamas studying its unemployment insurance programme as part of their feasibility study concerned with introducing the benefit to their country.
CFPWA urges government to reinstate insurance benefit for dependants of police officers
July 24, 2023
CFPWA urges government to reinstate insurance benefit for dependants of police officers
NASSAU, BAHAMAS — The Caribbean Federation of Police Welfare Associations (CFPWA) has expressed its disappointment in the government's decision to not offer insurance coverage for the dependents of new recruits will impact the future of every law enforcement agency in the country. Government revealed the change back in May, noting that the country spends over [...]
Office of Attorney General Launches Medical Insurance Coverage for Attorneys and Magistrates
June 13, 2023
Office of Attorney General Launches Medical Insurance Coverage for Attorneys and Magistrates
After a 10-year wait, attorneys and Magistrates will finally have access to medical insurance coverage. Attorney-General and Minister of Legal Affairs, Senator the Hon. L. Ryan Pinder made the announcement during a launch ceremony held at SuperClubs Breezes on June 12, 2023.
June 13, 2023
Govt. Attorneys And Magistrates To Get Health Insurance
NASSAU, BAHAMAS - After 10 years of advocating for coverage, permanent and pensionable attorneys and magistrates in the Office of The Attorney General will now have health insurance coverage.
Attorney General's office begins medical insurance benefit enrollment; govt pledges to cover 80 percent
June 13, 2023
Attorney General's office begins medical insurance benefit enrollment; govt pledges to cover 80 percent
ATTORNEYS and Magistrates of the Office of the Attorney General will be provided with medical insurance, it was revealed yesterday.
June 07, 2023
Insurance Commission Continues Its Partnership With Lupus 242
In recognition of lupus awareness month in May, the Insurance Commission of The Bahamas recently made a donation to local non-profit support group Lupus 242.
We Can't Afford For National Insurance To Fail
June 06, 2023
We Can't Afford For National Insurance To Fail
NASSAU, BAHAMAS - Prime Minister Philip Davis giving says his government cannot afford for the National Insurance Board to fail.
June 06, 2023
Davis: 'We cannot afford for National Insurance to fail'
PRIME Minister Philip "Brave" Davis suggested increasing National Insurance Board contribution rates is on the table for the government.
Controversial Hurricane Insurance Renewed
June 02, 2023
Controversial Hurricane Insurance Renewed
NASSAU, BAHAMAS - The government has renegotiated the terms of The Caribbean Catastrophic Risk Insurance Facility.
Policy change on medical insurance for dependents won't impact recruitment, Fernander says
May 22, 2023
Policy change on medical insurance for dependents won't impact recruitment, Fernander says
The government's decision not to offer medical insurance coverage for dependents of law enforcement officers who join the ranks after July 1 won't deter potential recruits, according to Royal Bahamas Police Force Commissioner Clayton Fernander. Fernander said more than 600 applicants have expressed interest in joining the force's latest recruitment drive. "Since we opened up ...
The post Policy ch...
May 16, 2023
BNATUC President Slams Insurance Changes for Officers
NASSAU, BAHAMAS - Law enforcement officers, who were recently hit with insurance policy changes, are getting more support.
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