Insurance matters

StMaartenNews Opinion

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 difference is obvious. Dutch-side insurers have limited their liability to 90,000 guilders, while French side insurers are not allowed to put More...

by The Publisher | Published 3 weeks ago
NAGICO Insurances building
By The Publisher On Friday, November 23rd, 2018
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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...

Dwayne Elgin NAGICO - Ravi Daryanani PJIA
By The Publisher On Tuesday, September 4th, 2018
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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...

NAGICO Insurances building
By The Publisher On Monday, July 30th, 2018
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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...

Massy United Insurance logo
By The Publisher On Thursday, July 19th, 2018
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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...

Massy United Insurance logo
By The Publisher On Thursday, July 19th, 2018
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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...

Mass Layoffs
By The Publisher On Tuesday, July 17th, 2018
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Mass layoffs at Massy?

~ Consequences hurricanes Irma and Maria possibly negatively affecting Caribbean insurance company Massy United; mass layoffs ongoing ~ TRINIDAD/BARBADOS -- Insurance company Massy United Insurance may be the first More...

Thank You Sign Nagico
By The Publisher On Tuesday, July 17th, 2018
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NAGICO almost at a 100% settlement score

~ NAGICO continues to settle hurricane insurance claims at a score of 94% to date in St. Maarten, according to a company statement to StMaartenNews.com ~ PHILIPSBURG — NAGICO wrote to StMaartenNews.com that More...

mullet-bay-st-maarten
By The Publisher On Monday, July 9th, 2018
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Mullet Bay land worth 460 million guilders at the heart of Ennia’s pension problems

PHILIPSBURG – Over the weekend, reports reaching our news desk indicated that the Prosecutor’s Office in Curacao at the behest of the Central Bank of Curacao and St. Maarten (CBCS) requested the assistance of More...

ENNIA - Photo Extra
By The Publisher On Thursday, July 5th, 2018
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CBCS requested emergency measure for ENNIA

Willemstad/Philipsburg – After having identified that Ennia Caribe Leven NV, Ennia Caribe Schade NV and Ennia Caribe Zorg NV, (ENNIA), has been non-compliant with applicable laws and regulations, the Centrale More...