Bahamas News

Citizens Stops Writing New Policies; Tropical Storm Orphelia Moving N.W. Toward Fla.

Citizens Property Insurance Corp., has stopped writing new policies or taking changes on exhisting policies in Florida due to the approach of Tropical Storm Orphelia. The tropical storm warning for Ophelia was issued at 11 a.m. EDT, for the east …

TD12 Predicted to Build Into Hurricane Katrina, Hit South Florida Thursday

The National Hurricane Center in Miami predicts Tropical Depression 12 will build to near hurricane strength before it hits the South Florida coast late Thursday as Hurricane Katrina. Forecasters say Hurricane Katrina could reach sustained winds of 72 miles-an-hour Thursday …

Brothers Indicted, Plead ‘Not-Guilty’ in $13 M Viatical Brokering Scheme

Two Orlando-area brothers, Clarence Keith LaMonda and Jess Lamonda, have been indicted on charges they allegedly conspired to commit mail and wire fraud and tax-related crimes in which they took more than $13 million from investors and insurance companies while …

ANCHORS AWAY: The Coast (Except Southeast) Is Clear For Marine Insurance

For Boat Owners and the Agents Who Write Them, Location and Experience Matter As boating season gets into full swing in North America, chances are good that many recreational boat and yacht owners are sitting in their offices and cubicles …

Editor’s Note: A-Boating We Might Go

Terrified is not exactly the word I would use to describe my attitude toward boats. Uneasy would be more like it, as anything between a kayak and a cruise ship is out of my comfort zone. It’s not that I …

A-Boating We Might Go

Terrified is not exactly the word I would use to describe my attitude toward boats. Uneasy would be more like it, as anything between a kayak and a cruise ship is out of my comfort zone. It’s not that I …

For Boat Owners and the Agents Who Write Them, Location and Experience Matter

There were more than 17.6 million recreational boats in use in the United States in 2004, and an estimated 69 million people involved in boating activities, according to the National Marine Manufacturers Association. Since insuring personal pleasure boats is not …

Expert Predicts Busy Season, Four Intense Hurricanes

Colorado State University Professor William Gray has updated his assessment of the 2005 hurricane season, predicting 15 tropical storms between now and Nov. 30, eight of which will grow to hurricane strength. Gray and his research team predict a very …

IBM Computers Weathered Ivan’s Onslaught

IBM has issued a bulletin noting the reliability of its iSeries system, which withstood Hurricane Ivan’s fury when it struck the Cayman Islands. The report details the experience of British Caymanian Insurance, part of the Colonial Group International (CGI), which …

Best Affirms Bahamas First General ‘A-‘ Rating; Removes from Under Review Status

A.M. Best Co. announced that it has affirmed the financial strength rating of “A-” (Excellent) of Bahamas First General Insurance Company Limited (BFG); has removed the rating from under review, and has assigned it a stable outlook. “The rating reflects …