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Insurer uproar on Gov'ts 50% investment 'dictate'

Bahamian insurers yesterday blasted the Davis administration for seeking to "dictate" their investment strategy by mandating that a "minimum" 50 percent of their total portfolio be held in government securities.

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Insurer warnings over 15-20% premium hike

Bahamian households and businesses were yesterday warned insurance premiums could increase “across the board” by 15-20 percent this year as underwriters pull back from covering waterfront and Family Island risks.

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Insurers suffer 'over $1bn' Dorian losses

Hurricane Dorian has to-date inflicted “over $1bn in insured losses” on Bahamian insurers, it was revealed yesterday, with some forecasts suggesting this may rise as high as $1.5bn. Warren Rolle, the Bahamas Insurance Association’s (BIA) chairman, t

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End to insurers’ VAT wrangle ‘very close’

BAHAMIAN insurers are ‘very close’ to having to having their concerns over Value Added Tax (VAT) refunds resolved, the chairman of the Bahamas Insurance Association (BIA) said yesterday.

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Insurers: ‘Very difficult’ to hit NHI start date

Bahamian insurers yesterday warned it will be “very difficult” to hit the revised National Health Insurance (NHI) start date of July 2020 with the scheme’s organisers “standing their ground”.

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Insurers: NHI's $1k cost a 'gross underestimate'

Bahamian insurers yesterday warned that the $1,000 annual premium for National Health Insurance’s (NHI) basic package may “grossly underestimate” the true cost of the scheme’s benefits.The Bahamas Insurance Association (BIA), releasing the industry’s

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Insurers: NHI launch deadline 'not feasible'

Bahamian insurers yesterday warned that the Government’s April-July 2019 target for launching National Health Insurance’s (NHI) basic care package “is unrealistic and not feasible”.The Bahamas Insurance Association (BIA), unveiling its “position pape

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Insurance association perists in saying NHI work unlawful

DESPITE the Office of the Attorney General’s opinion on the matter, the Bahamas Insurance Association (BIA) said in a statement yesterday it still believes the work of the National Health Insurance (NHI) Secretariat was unlawful and should not be rat

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