The total currency in circulation during December 2022 is expected to amount to $227.6 billion, says the Bank of Jamaica (BOJ). The projected currency stock represents a 0.3 per cent increase compared to 19.1 per cent for the corresponding period in 2021, the BOJ further stated. It added that a total

The United States Federal Reserve reinforced its inflation fight Wednesday by raising its key interest rate for the seventh time this year and signalling more hikes to come. But the central bank announced a smaller hike than it had in its past four meetings at a time when inflation is

Florida lawmakers are trying to fix in three days a home insurance problem that’s been stormy for three decades, approving legislation designed more to keep private insurers in the state than to immediately save property owners money. A massive bill seeking a US$1-billion reinsurance fund, reduced litigation costs, and to

THE Insurance Association of Jamaica (IAJ) is advising that the property insurance market is in crisis and homeowners should expect to feel the effects in the coming months. Speaking at a press conference on Wednesday, IAJ Director Peter Levy said, "We currently are in crisis, but there's a way through

International reinsurers, the finance companies that cover risks taken on by local insurance companies, are moving to other markets to do business or otherwise demanding that Jamaican insurance companies increase insurance coverage rates. 20221209