The Statistical Institute of Jamaica (STATIN) in their latest report on the Consumer Price Index (CPI) has reported an inflation rate of -0.1 per cent for June 2019. In a news release from the entity yesterday it was reported that the movement in the basket of goodies was attributed to

Sagicor is reporting that it is now the second-largest conglomerate on the Jamaica Stock Exchange, measured in terms of profitability. The feat was achieved at the end of its 2018 financial year, which was a bumper one for the multi-line financial services group whose operations span banking, insurance, investment, real

The hidden costs of running a competitive Airbnb property eat into any profits a host may think he can gain, according to an entrepreneur, who has since left behind his job of managing such properties. In light of the recent debate sparked by the suggestion from JHTA President Omar Robinson

Sagicor Group shareholders take a close look at the financial performance of the company. (Photo: Karl McLarty) Sagicor was forced to fork out $11.45 payouts in insurance claims arising from a large number of death claims last year. While pointing to this issue, Sagicor reports that there was also a

Peter Melhado took over as the chairman of Sagicor Group Limited on Monday, July 1 after a special meeting of the group's directors prior to the holding of the company's annual general meeting. Melhado replaces Richard Byles, who resigned as chairman of the conglomerate to take up the position as

Members from the SMEs sector are attentive as they listen to a panel discussion from key stakeholders. (Photos: Karl McLarty) The banking sector came under heavy criticism on Wednesday, as the Small and Medium-Sized Enterprises (SMEs) fraternity came out in a no-nonsense mode to tackle the issues and get answers

QUESTION: My house burnt down in 2017. The fire began in a vehicle that was parked in the carport. It spread to engulf the car and destroyed the house. The former was insured under a comprehensive motor policy. The house was not insured. The car was owned by the former

QUESTION: I am seeking your advice on how to obtain a loan to purchase an investment property. I was made redundant a few years ago, so I currently don’t have a job, but I have a property that is rented. My income is rental income, and I need to purchase

After 56 years, general insurance company BCIC is betting that downtown Kingston is the place to be. A $50 million renovation of one floor of BCIC’s Duke Street Head Office is just the first phase of a three- to four-year makeover for the company, according to Managing Director Peter Levy.

The turnaround plan submitted by Key Insurance will cull risky motor policies as an important strategy to return to profit in 2020. Key Insurance will cull risky motor policies under a turnaround plan that is meant to return the general insurer to profitable status in 2020. The 20-page plan references