Bahamas News

UPDATE: Tropical Storm Fay Remains on Course for Florida

As of 11:00 a.m. EDT the center of Tropical Storm Fay was about 70 Miles (115 kms) south-southeast of Key West Florida and about 65 miles (103 kms) east-northeast of Havana Cuba. Florida’s governor has declared a state of emergency …

Caribbean Catastrophe Risk Facility Receives $2.4 Million from Ireland

The Caribbean Catastrophe Risk Insurance Facility (CCRIF) announced that the Irish government has approved a $2.4 million contribution to the Caribbean risk pooling fund. “The contribution is the latest addition to the donor fund supporting the CCRIF, which was launched …

Caribbean Cat Risk Facility Announces Changes for Renewals

The Caribbean Catastrophe Risk Insurance Facility (CCRIF) announced the approval of several new measures to be implemented for the 2008 renewal period. “The changes are all meant to further satisfy the objective of the CCRIF member governments, which is to …

La. Citizens Seeks New Broker for Reinsurance Coverage

Louisiana’s taxpayer-backed property insurance company will seek a new broker for reinsurance coverage because its current broker failed to disclose that it hired a daughter of the insurer’s embattled former chief executive. The board of Louisiana Citizens Property Insurance Corp. …

Weekend’s Hurricane Noel Spares Northeast Coast Serious Damage

High wind and heavy surf hit parts of the Northeast U.S. coast as the remnants of Hurricane Noel blustered northeastward across the open Atlantic. The wind and rain caused some coastal flooding, brought down tree limbs and knocked out power …

Hurricane Noel, Season’s Deadliest Storm, Moving up East Coast

U.S. forecasters have issued an advisory for Noel, now a Category 1 hurricane and this season’s most dangerous storm, which is moving northward between the southeastern U.S. and Bermuda and growing in size. The National Hurricane Center has advised residents …

Noel Leaves over 60 Dead; Bahamas, Florida Coast Warnings

It may not have reached hurricane strength, but tropical storm Noel has piled up a lengthening list of death and destruction, as it heads towards the Bahamas. The slow moving storm caused the deaths of at least 40 people in …

Noel Threatens Bahamas, Not U.S.

According to the most recent bulletin from the National Hurricane Center in Miami, Tropical Storm Noel’s projected track should keep it well away from the U.S. mainland. The storm, the 14th of the season, has caused widespread destruction in the …

N.Y. Judge Dismisses Suit over Gauguin Painting Appraisal

A judge has dismissed a lawsuit over a small landscape painting by Paul Gauguin which a buyer said was appraised at millions of dollars above its value by a well-known dealer who had “an ownership interest” in the canvas. State …

Clark Elected Chair of the AAMGA Under 40 Organization

Michael Heagerty, president and CEO of The Harry W. Gorst Co. based in Chatsworth, Calif., recently announced that Bryan Clark, senior vice president/underwriting, is the new chair for AAMGA’s Under Forty Organization (UFO). Clark’s appointment was made official at the …