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 …
April 5, 2019
December 10, 2018
$400k insurance settlement for Fishing Complex approved
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 …
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June 22, 2018
Virgin Islands government joins regional risk insurance pool
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 …
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April 17, 2018
Boat owners urged to get insured by storm season
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 …
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