Grenada Receives Close To $6m Insurance Payout For Damage To Water Services

Grenada Receives Close To $6m Insurance Payout For Damage To Water Services

Editorial credit: JEAN-FRANCOIS Manuel / Shutterstock.com The National Water and Sewerage Authority (NAWASA) of Grenada received US$2,201,833 (EC$5.9 million) following the passage of Hurricane Beryl across the country on July 1, 2024, causing damage to water and wastewater systems in Grenada and the islands of Carriacou and Petite Martinique. On hearing of the payout to […]

New Insurance Act to Enhance Financial Protection in Belize

New Insurance Act to Enhance Financial Protection in Belize

In a move towards modernizing and enhancing financial protection, Belize has introduced a New Insurance Act, which came into effect on October 1, 2023. This landmark legislation replaces the previous Insurance Act and the International Insurance Act. The New Insurance Act represents an important moment in Belize’s regulatory framework for insurance, merging the Insurance Act […]