The definitions in this glossary are developed by the NAIC Research and Actuarial Department staff based on various insurance references. These definitions represent a common or general use of the term. Some words and/or phrases may be defined differently by other entities, or used in a context such that the
Published:Sunday | August 30, 2015 Bert van Selm Two weeks ago, an IMF team visited Jamaica to conduct discussions on the ninth review of the four-year Extended Fund Facility with the International Monetary Fund. In meetings with the Jamaican authorities, private sector, academics, and civil society, the team discussed recent
FOR IMMEDIATE RELEASE: Friday, August 28, 2015 – 11:00 a.m. The Meteorological Service has issued a Severe Weather Alert effective until 5:00 a.m. tomorrow. Tropical Storm Erika is now located south-southeast of Santo Domingo, Dominican Republic and is moving toward the west-northwestward. On its forecast track, the centre of Erika is expected to move well north of
Today we are reporting that real Gross Domestic Product (GDP) in the Jamaican economy grew by an estimated 0.8 per cent in the April to June 2015 quarter compared with the corresponding quarter of 2014. The out-turn for the April to June 2015 period largely reflected: the positive impact of
I bring good news on the inflation front. Bank of Jamaica’s inflation expectations survey conducted in July reveals that expected inflation 12-months ahead has fallen to 4.0 per cent. This compares with the 5.1 per cent that I reported in my last press conference and represents a new record
From left: Nurse Ikeiba Allen of the University Hospital of the West Indies (UHWI); Dr Maolynne Miller, chairperson and founder of Jamaica Kidney Kids Foundation; Sister Gillian Campbell, acting clinical nurse manager at the UHWI, Health Minister Dr Fenton Ferguson; and Dr Cecile White, CEO of the UHWI are all
The director general of the Planning Institute of Jamaica (PIOJ), Colin Bullock, is warning of the serious risk posed by the recent spike in murders. He is highlighting the increase in murders along with the impact of drought as two phenomena that present a real and present danger to growth
Wednesday, August 26, 2015 | 7:17 PM BRIDGETOWN, Barbados (CMC) – Tropical Storm Erika is expected to move through the Leeward Islands on Wednesday night dumping as much as eight inches of rain, weather officials have said. The Miami-based National Hurricane Centre (NHC) said that the storm, the fifth since
Published:Tuesday | August 25, 2015 A HIGH Court judge has taken issue with the process used by Jamaican law-enforcement authorities to restrain properties believed to be the proceeds of criminal activities, warning that it could leave an innocent person in financial ruin and without the resources to fight the allegations. Under
Published:Sunday | August 9, 2015 QUESTION: My motor policy expires at the end of this month. I am planning to buy directly from an insurance company instead of using an insurance broker. Two things have influenced my decision. The first is the consistently poor quality of service that the broker
