Insurance Insights
GLOSSARY OF KEY WORDS IN THE INSURANCE BUSINESS Questions Answers 1. What is an application form? It is a form you fill out which provides information the insurance company will use to decide whether to issue you a policy and how much to charge. The application form is a part of your contract with the insurer thus it is therefore important that More...
A.M. Best Upgrades NAGICO’s Issuer Credit Rating
NAGICO’s leadership in catastrophe claims management affirmed as voted #1 insurance company for the 12th year in a row in St. Maarten Philipsburg, Sint Maarten – February 7, 2019 – NAGICO Insurances, a diversified More...
NAGICO-SPONSORED ATLANTIC DISCOVERY CROSS THE FINISH LINE OF THE WORLD’S TOUGHEST ROW
PHILIPSBURG — It took the four men 40 days, almost 1,000 hours rowing, nearly 1 million calories, 700 litres of water, 52,000 watts of solar power, unimaginable inner strength and a large dose of humor to More...
Insurance Insights: “The story of how to avoid under-insurance”
So I went down to Nagico Insurances offices on the Cannegieter Street. Finding parking close by is always a challenge. I figured I would use The Secret to attract a parking spot right in front of the Nagico building. More...
Insurance matters
By Hilbert Haar Anybody who has ever insured a car on our island on the French side knows one thing for sure: those insurances are much more expensive than the ones on the Dutch side. The reason for this price More...
Limited insurance coverage invalid on the French side, court rules
PHILIPSBURG – The Common Court of Justice has ordered insurance company Nagico to pay close to $499,000 to a local company for a traffic accident that took place in 2000 on the French side. The court ruled More...
Nearly $700 Million USD paid out by NAGICO thus far; PJIA Airport latest recipient
Nearly $700 Million USD paid by NAGICO to insureds in the Caribbean thus far The US$58.2 Million Dollar judgement fully paid to Princess Juliana International Airport by NAGICO Philipsburg, Sint Maarten (September More...
PJIA satisfied with judgement ordering NAGICO to pay an advance of USD 33,2 million
Simpson Bay, St. Maarten (Monday July 30, 2018) – In a judgment of 30 July 2018, the Sint Maarten Court of First Instance ordered Nagico to pay to Princess Juliana Airport (PJIA) an advance of USD 33,2 million. More...
No mass layoffs at Massy; only 5% staff reduction
PHILIPSBURG — Reports reaching our news desk indicated that 50% of Massy United Insurance in Trinidad were being let go and Barbados and the BVI were to soon follow. However, an official statement StMaartenNews.com More...
Statement from Massy United Insurance Ltd.
BARBADOS — Massy United Insurance (MUI) is pleased to announce that to date, the company has settled 95% of claims arising from the catastrophic effects of Hurricanes Irma and Maria in 2017, which affected More...
