News
Peak Re, Fosun & NAGICO to support restoration in Caribbean
ROAD TOWN, Tortola, VI- At this time of unprecedented devastation across a wide swath of the Caribbean, and with another powerful storm looking as though it might reprise the damage and disruption of Hurricane Irma, our thoughts and prayers are with the people affected in this terrible event, and those who are safe elsewhere worrying about their loved ones in the islands.
‘Take this storm seriously’ – Shan Mohamed
ROAD TOWN, Tortola, VI- With Irma forecast to hit the Territory as a destructive Category 5 hurricane on Wednesday September 6, 2017, Nagico Insurance BVI is urging residents, customers or not, to take the warnings seriously and take all the necessary preparations to prevent loss of lives, limbs and property.
‘We need to challenge big banks for better protection of funds’ – Doug Wheatley
ROAD TOWN, Tortola, VI – Radio talk show host Douglas Wheatley believes that the various governments of the Virgin Islands should have dealt more strongly with the question of deposit insurance for banks operating here.
‘No need for Police @ scene of minor accidents’ – CoP David Morris
ROAD TOWN, Tortola, VI – Commissioner of Police (CoP) David Morris said that there is no need for Police Officers to be present at accident scenes if those accidents are nothing more than ‘fender benders.’
RVIPF seeks support for law abiding scooter operation
ROAD TOWN, Tortola, VI - Operations by officers of the Royal Virgin Islands Police Force within the last two months has resulted in the seizure of ten cycles – five oversized motorbikes and five scooters -- for not being licenced, insured and registered; none of the scooter riders were, at the time of the seizure, wearing helmets.
Govt should raise quality of health care before bringing NHI - RT residents
ROAD TOWN, Tortola, VI – “I have a problem giving up my health insurance that covers me wherever I go, to be stuck with this ‘thing’ subjected to the local facility that you have here that is not capable of providing proper healthcare for the population... I would like to have some choices with my money.”
Who will pay? Mixed views at EE/LL Health meeting on who will foot bills
EAST END/LONG LOOK, Tortola, VI – Mixed views and dissenting voices emerged amidst an appeal by the BVI Health Services Authority (BVIHSA) for persons to acquire insurance and other means of paying their bills; revenue expressed as vital for the continuation and enhancement of quality service throughout the organisation.
Wade Smith: “Between $2.7 million to $3 million would be lost” by new Customs & Duties Bill!
ROAD TOWN, Tortola, VI - The much talked about Customs Management and Duties Amendment Act 2012, an initiative by the National Democratic Party (NDP) Government of Premier Dr. the Honourable D. Orlando Smith to bring relief to businesses so it can trickle down to customers, will cost the government to lose an estimated $2.7 million to $3 million annually, if and when the new proposed Bill is implemented.
NAGICO seeks to enter Jamaica, Guyana and Barbados insurance markets
ROAD TOWN, Tortola, VI - Already providing insurance coverage in some 18 Territories across the Caribbean, the Nagico Group, which started in 1982 with a small capital base of 75 thousand dollars but in the last financial year was close to 100 million dollars in premiums, is seeking to penetrate the insurance market in three other countries in the near future.
Effective February 1: Import duties reduced!
ROAD TOWN, Tortola, VI – Effective today Wednesday February 1, 2012, persons importing goods into the Territory will see a reduction in their duty charges as they will only be required to pay duty on free on board costs as opposed to the previous practice of paying on cost, insurance and freight.
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