Tag: insurance

Gibson Defends Hefty Audit Cost

Gibson said the government will use the reports to put mechanisms in place to prevent abuse and manipulation at NIB....

NIB Audit Cost The Bahamas $861,000

Government contracted auditors Grant Thornton Bahamas have determined that the total cost of their work is valued at $861,000....

NIB Minister Accused Of Cover Up

National Insurance Minister Shane Gibson allegedly tried to cover up a reported NIB policy violation in which a $15,000 payment to Doctors Hospital was authorized....

Moss Asked To Resign As Chairman of NIB

It appears that Prime Minister Perry Christie has finally had enough of Gregory Moss' "freewheeling" at the National Insurance Board (NIB)....

NIB Director Took Almost $200K In Bonuses

NIB Director Algernon Cargill took $194,791 in bonuses. His income and benefits (at $393,000) are highest of any government position in the past two years....

Finance Minister Pushes International Insurance

International insurance products could play a key role in the Bahamas’ financial services industry, the 22nd annual Caribbean Actuarial Association (CAA) conference was told....