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Government amending insurance coverage for security forces to cut $80 million annual spend
May 05, 2023
Government amending insurance coverage for security forces to cut $80 million annual spend
NASSAU, BAHAMAS- The government is spending over $80 million a year on private insurance with the majority covering individuals who are not employees it was revealed yesterday, with the Ministry of National Security announcing that an amendment to the policy which provides medical insurance coverage to dependents of members of the security branches will come [...]
May 03, 2023
Grieving lawyer claims Family Guardian reduced mother's life insurance entitlement
A GRIEVING lawyer protested in front of the Family Guardian Financial Centre on East Bay Street yesterday, claiming the insurance company's policies denied him $7,000 from his dead mother's life insurance policy.
Residents Weigh-in On Homeowners Insurance
April 27, 2023
Residents Weigh-in On Homeowners Insurance
NASSAU, BAHAMAS - The Member of Parliament for North Andros and the Berry Islands says the government should find ways to assist Bahamians in attaining affordable home insurance.
Bahamas Insurance Association Holds Student Forum
April 23, 2023
Bahamas Insurance Association Holds Student Forum
NASSAU, BAHAMAS - Those involved in the insurance industry, this week, taking time out to impact and mingle with the nations youth offering them life tips and a glimpse into their career field.
April 20, 2023
Bahamas Insurance Association: Meeting Should Produce Good Results
NASSAU, BAHAMAS - Officials from the Bahamas Insurance Association (BIA) seeing the light at the end of the tunnel on the treatment of value added tax on behalf of its policyholders.
April 20, 2023
Bahamas Insurance Association: Meeting Should Produce Good Results
NASSAU, BAHAMAS - Officials from the Bahamas Insurance Association (BIA) seeing the light at the end of the tunnel on the treatment of value added tax on behalf of its policyholders.
Minnis suspends need to make insurance payments
April 01, 2020
Minnis suspends need to make insurance payments
PRIME Minister Dr Hubert Minnis has suspended the obligation to pay health, medical and life insurance premiums as long as the state of emergency is in place and for 60 days afterward.
Hurricane Damage Leading Insurance Claims
April 12, 2023
Hurricane Damage Leading Insurance Claims
NASSAU, BAHAMAS - With hurricane season approaching, Bahamas First Insurance President Patrick Ward, says claims based on hurricane damage are amongst the leading insurance claims.
FG Insurance Agents and Brokers Trade Show & Fun Fair
Saturday 24th June 2023 10:00 AM
Food | Entertainment | Kids Corner | Prizes | Vendor Presentations | Blood Donation Booth | Exclusive Discounts | Giveaways & More!
🌟SAVE THE DATE!🌟
Where can you go to test drive the hottest cars on the market, get fantastic discounts on home improvement and decor, construction, generators and air conditioning; Get informed on insurance, car loans, and real estate; Purchase delicious ...
FG Insurance Agents and Brokers Trade Show & Fun Fair
Saturday 24th June 2023 10:00 AM
Where can you go to test drive the hottest cars on the market, get fantastic discounts on home improvement and decor, construction, generators and air conditioning; Get informed on insurance, car loans, and real estate; Purchase delicious food; Donate blood; Entertain your little ones at our kiddies corner, win prizes and surprises…
And all — for free?
It’s the FG Insurance Agents and Brok...
FG Insurance Co Ltd Home and Auto Showcase
Saturday 18th June 2022 10:00 AM
Sunshine Insurance Marathon Bahamas Race Weekend
Sunday 20th January 2019 6:00 AM
Marathon
Our Marathon features 26.2 miles of history, beauty, scenery and loaded with miles of ocean views. The fast, flat course (except for two bridges at mile 2) is ideal for those looking to achieve Boston qualifying times. If you’re searching for the ideal international winter running event with close proximity to the US, an ocean front start and finish, affordable accommodations and an in...
Hurricane Prep 101 - Free Public Education Forum Hosted by Bahamas First General Insurance Co.
Hurricane Prep 101 - Free Public Education Forum Hosted by Bahamas First General Insurance Co.
Saturday 22nd September 2018 1:00 PM
Bahamas First General Insurance presents Hurricane Prep 101 ? on Saturday, September 22 at the Harry C. Moore Library Auditorium, University of The Bahamas.
It?s a free public education forum to give you practical advice on how to safeguard your home and valuables and prepare this hurricane season, before a storm!
? Is your insurance coverage is up to date?
? Are your vehicles and boats pro...
Carmichael Pride Community Fair Hosted by Family Guardian Insurance Co Ltd
Saturday 28th April 2018 9:00 AM
Venue:
Carmichael District Office
Blue Hill Rd., Nassau
Bahamas
For More Venue Contact & Information Click Here
Atlantic Medical Insurance Fun Run Walk | Nassau & Freeport
Saturday 21st April 2018 6:30 AM
ON Saturday, April 21, Atlantic Medical Insurance marks 20 years of hosting its annual Fun Run Walk in Nassau. This year's event will be held in honour of the late Alan Peacock, CEO of The Colonial Group of Companies, an avid sportsman who also shared a passion for the Atlantic Medical Fun Run Walk.
In the promotion of healthy lifestyles, the Atlantic Medical Fun Run Walk is top of mind for all...
March 13, 2023
Insurers say no formal notice from gov't regarding VAT on health insurance
NASSAU, BAHAMAS — The insurance industry has not received a formal advisory from the government regarding a reported deferral of the implementation of changes to the treatment of Value-Added Tax (VAT) on health insurance, according to Marcus Bosland chair of the BIA's health insurance committee. Bosland said: "While the BIA has read with interest the [...]
Halkitis: No health insurance VAT changes on April 1
March 10, 2023
Halkitis: No health insurance VAT changes on April 1
After meeting with medical professionals and getting crucial information, Minister of Economic Affairs Michael Halkitis yesterday confirmed the government will not implement the changes to the treatment of value-added tax (VAT) on health insurance on April 1. "No. We will maintain the status quo so that people do not postpone critical medical treatment for fear ...
The post Halkitis: No health ins...
March 08, 2023
Insurance costs rising in region, but Bahamas market stable for now, says Ward
High insurance premiums will unfortunately be a part of living in the geographical region to which The Bahamas belongs, and those prices will not abate anytime within the next year, Group President and Chief Executive Officer of Bahamas First Insurance Patrick Ward explained on Monday.
March 06, 2023
Court rules in favor of development, but reduces insurance claim
Chief Justice Ian Winder has ruled that an insurance company pay the insurance claim of a development adjacent to Lyford Cay, albeit at a significantly reduced amount.
February 20, 2023
Governance reformer calls on gov't to protect National Insurance fund
NASSAU, BAHAMAS — A governance reformer yesterday said that it is "critical" that decisive changes are made to protect the National Insurance fund and by extension the well-being of the country's citizens and residents. Hubert Edwards, head of the Organization for Responsible Governance (ORG) economic development committee, told Eyewitness News that recent statements by the [...]
Minister says national insurance fund stands to lose $95 million if NIB rate not increased
February 14, 2023
Minister says national insurance fund stands to lose $95 million if NIB rate not increased
If the National Insurance Board (NIB) contribution rate is not increased this year, the fund stands to lose $95 million, Minister of State in the Office of the Prime Minister Myles LaRoda said today.
February 14, 2023
Govt will monitor impact of VAT policy on health insurance
Minister of Economic Affairs Michael Halkitis said yesterday that the government is not interested in "declaring war" on any industry in the country, as lawmakers continue to contend with the insurance sector's strong opposition to a shift in policy which places on consumers the burden of value-added tax (VAT) on health insurance claims. Health insurers claim this will cause .....
February 10, 2023
Government won't try to recoup VAT on health insurance claims
The government won't try to recoup millions of dollars from insurance companies as a new tax treatment of health insurance claims is set to take effect on April 1, 2023, according to Minister of Economic Affairs Michael Halkitis. Government and the Bahamas Insurance Association (BIA) have been at odds over the industry's previous practice of ...
The post Government won't try to recoup VAT on healt...
February 02, 2023
Bosland: BIA did not agree fully to terms on health insurance VAT claims
The Bahamas Insurance Association (BIA) did not agree fully to the terms set out by the government that will lead to increased costs for those with health insurance, who will now have to pay their own value-added tax (VAT) on health-related services, said chair of the BIA's health insurance committee, Marcus Bosland. The government plans ...
The post Bosland: BIA did not agree fully to terms on he...
Davis: Insurance companies have run afoul of VAT act
February 02, 2023
Davis: Insurance companies have run afoul of VAT act
Insurance companies have run "afoul" of the value-added tax (VAT) act by not remitting VAT on health insurance services to the government, but claiming it as an input and having the Department of Inland Revenue return it to them, Prime Minister and Minister of Finance Philip Davis said yesterday, adding that the government is now ...
The post Davis: Insurance companies have run afoul of VAT act ap...
February 02, 2023
PM says "the law is the law" on VAT treatment of medical insurance
NASSAU, BAHAMAS — Prime Minister Philip Davis said yesterday that "the law is the law" as he defended the decision by the Ministry of Finance to stop insurers from recovering the 10 percent VAT paid on health insurance claims payments. Opposition spokesman on Finance, Kwasi Thompson yesterday insisted that the actions of the Davis administration [...]
January 30, 2023
Ministry of Finance’s Response to the Bahamas Insurance Association’s Statement on the VAT Treatment of Health Insurance Claims
The Ministry of Finance has sight of a press release by the Bahamas Insurance Association (BIA) with respect to the VAT treatment on health insurance claims.
Health insurance VAT burden being moved to consumers
January 30, 2023
Health insurance VAT burden being moved to consumers
The Bahamas Insurance Association (BIA) is warning Bahamians for the second time in a week about increases to insurance costs, but this time they explained in a press statement that the Department of Inland Revenue (DIR) intends to move the value-added tax (VAT) burden for those with health insurance to the pockets of consumers in April ...
The post Health insurance VAT burden being moved to ...
BIA warns of increased home insurance premiums
January 23, 2023
BIA warns of increased home insurance premiums
Homeowners can expect increased premiums this year, as the region loses reinsurers as a result of increased catastrophe payouts from losses that totaled $120 billion last year, the Bahamas Insurance Association (BIA) explained in a press statement, adding that reinsurance costs have already increased between 20 and 30 percent this year. The statement also explained that ...
The post BIA warns...
November 11, 2022
Low insurance penetration concerns resurface with Nicole
Concerns regarding the underinsured have resurfaced again with the threat of Tropical Storm Nicole this week, with Grand Bahama Chamber of Commerce President James Carey lamenting the low take up of insurance among small businesses on the island. Nicole strengthened to a Category 1 hurricane while over Grand Bahama on Wednesday, but did not cause any ...
The post Low insurance penetration con...
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