"The light that comes from wisdom never goes out"
The sudden exit of the Virgin Islands Deposit Insurance Corporation’s CEO last month was unrelated to the regulator’s action against the Bank of Asia on May 26, according to Premier …
Continue reading “VIDIC chief’s exit not linked to bank saga, premier says”
Bank customers in the territory can look forward to better protection now that the long-promised Virgin Islands Deposit Insurance Corporation has been established, the Ministry of Finance announced last week. …
The $7.5 million in Covid-19 relief funding earmarked to pay medical providers for their services rendered through the National Health Insurance system only went so far, and nearly $4 million …
A soft insurance market in the Virgin Islands and a surge in payouts from reinsurers has led to rising insurance premiums in the territory, according to Kishma Baronville, general manager …
Last month Cabinet approved a $400,000 settlement offer from Nagico Insurances for the damages Hurricane Irma caused to the BVI Fishing Complex, which hasn’t been operational since the storm. Government’s …
Continue reading “$400k insurance settlement for Fishing Complex approved”
The government of the Virgin Islands has officially purchased disaster insurance policies with the Caribbean Catastrophe Risk Insurance Facility Segregated Portfolio Company, according to a CCRIF press release. Until this …
Continue reading “Virgin Islands government joins regional risk insurance pool”
The Virgin Islands Shipping Registry is warning boat owners to insure their boats before the 2018 hurricane season begins on June 1 or risk being charged with an offence and …
Continue reading “Boat owners urged to get insured by storm season”
