Barbados is set to receive a payout of US$5.8 million on its Excess Rainfall policy due to heavy rainfall, under the country's CCRIF catastrophe insurance policy. This is in the wake of heavy rainfall, which occurred during the passage of Tropical Storm Kirk earlier this month. CCRIF SPC said

KINGSTON, Jamaica — Earthquakes and tsunamis are an ever-present threat to Jamaica. The country's location on multiple geological faults subjects it to up to an average of 200 earthquakes per year. This natural disposition, Office of Disaster Preparedness and Emergency Management (ODPEM) Director General, Major Clive Davis, told JIS News,

As firms' expectations for economic growth waned and their willingness to invest in new plant and equipment dipped — primarily because of the depreciation of the Jamaican dollar against the United States currency — co-chair of the Economic Programme Oversight Committee Keith Duncan, is adamant that Jamaica must get comfortable

WASHINGTON, DC, United States (CMC) — The International Monetary Fund (IMF) says its Regional Economic Outlook for the Western Hemisphere has marked down its growth forecasts for Latin America and the Caribbean to 1.2 per cent in 2018 and 2.2 per cent in 2019, from the May 2018 forecasts of

Jamaica slid one spot in the ranking on the Global Competitiveness Index to 79 among 140 nations, despite an improvement in its score. The United States topped the list for the first time in years, followed by Singapore, Germany, Switzerland and Japan, according to the competitiveness report published by the

The CAA is happy to inform you that two of our members have been recognised for outstanding service to the Society of Actuaries at their recently concluded Annual Meeting in Nashville. Cathy Lyn, FIA, FSA, our Past President and Past Chair of the International Association of Consulting Actuaries, received the

MONTEGO BAY, St James — Tourism Minister Edmund Bartlett says 2018 is poised to be another excellent year for Jamaica's cruise ship sector, with vessels from the world's largest cruise companies expected to call at the island's main ports. Carnival, Royal Caribbean and Norwegian cruise lines have all committed to

THE WARMER the planet, the more unlikely it is for in particular small island states, such as those of the Caribbean, to effectively adapt to a changing climate. "Adaptation is expected to be more challenging for ecosystems, food and health systems at 2 degrees C of global warming than for

CANADA-based Chief Investment Strategist, Myles Zyblock, reckons that Jamaican companies should get more in tune with hedging programmes to mitigate unexpected movements in the local currency in accordance with first-world countries. His remark, which came days before the Jamaica Chamber of Commerce (JCC) reported the devaluation of the Jamaican dollar

Minister of Industry, Commerce, Agriculture and Fisheries Audley Shaw has called on farmers to utilise new irrigation technology to improve crop quality and increase production. Shaw said of the close to 200,000 acres of irrigable lands in Jamaica, about 12 to 13 per cent have been irrigated, adding that it