Bahamas News

I.I.I. Says 10 Years Later, Business Still Ill-Prepared for Hurricane

Mitigation efforts to reduce property damage, death, injuries and economic loss from the next Hurricane Andrew have been effective where applied, but their use has been spotty and in some cases their benefit diminished by unwise land use policies, according …

‘Money Laundering’ Through Insurers on the Increase

The conversion of illegal funds into legitimate accounts and investments, commonly known as “money laundering,” is a growth business. According to the International MonetaryFund, money laundering could account for 2 percent of global Gross Domestic Product. Based on 1996 figures, …

Coverage is Key as Boat Owners Hit the Waterways

More than 76 million Americans take to the water each year, according to figures released by the National Marine Manufacturers Association. And they spend more than $23 billion annually on marine products and services. While boating has always been a …

Coverage is Key as Texas Boat Owners Hit the Waterways

With summer just around the corner; nearby lakes and rivers are being overrun with boats and personal watercraft. The boating and watercraft business in the United States has grown into a major industry, and it shows no signs of slowing. …

Commentary: Examining Slave Insurance in a World 150 Years Removed

In March 2000, Aetna, the nation’s largest health insurer, was criticized for participating in slave insurance 150 years ago. Aetna apologized and expressed its “deep regret” over participating in this “deplorable practice.” The question Obviously, slavery was a deplorable practice, …

Slavery & InsuranceExamining slave insurance in a world 150 years removed

Recently, in March 2000, Aetna, the nation’s largest health insurer, was criticized for participating in slave insurance 150 years ago. Aetna apologized and expressed its “deep regret” over participating in this “deplorable practice.” THE QUESTION Obviously, slavery was a deplorable …