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Dorian forces insurer into first-ever reserve release

A Bahamian insurer yesterday revealed it made the first-ever “catastrophe reserves” release in its 25-year history due to Hurricane Dorian’s $200m-plus claims.Timothy Ingraham, Summit Insurance’s president, told Tribune Business that the property and

Economy facing $1bn bodyblow, Turnquest tells House

DESPITE a projected total economic fallout of as much as $1bn from the COVID-19 pandemic, the government has announced several relief measures for workers in the tourism industry who will be most affected by the virus’ global impact.

Psychologist warns anxiety and stress a 'dangerous cocktail'

By TANYA SMITH-CARTWRIGHTtsmith-cartwright@tribunemedia.netA local psychologist said financial stress from an economic downturn compounded with anxiety and isolation from the COVID-19 lockdown is a “dangerous cocktail” affecting many Bahamians.Dr Way

GB 'needs Isaias like hole in head'

Grand Bahama and its ailing economy “need Isaias like we need a hole in the head”, the island’s Chamber of Commerce president told Tribune Business last night.Greg Laroda said businesses and residents alike, already in the middle of a two-week lockdo

DIANE PHILLIPS: Cocooning in the time of COVID

Staying at home is changing our lives in ways we never imagined. We grew up thinking we had to go to school, get into and through college if we were able, so we could “go out” into the world and find a job and later, when we were old, be able to retire and stay home.

Govt puts 'roadblocks' on 50% of construction

The government’s tightening of restrictions on hardware stores has created “roadblocks” preventing more than 50 percent of the construction industry from functioning properly, a top engineer is warning. Quentin Knowles, The Bahamas’ Society of Engin

'Utter madness': Drivers blast new jitney closure

Jitney drivers yesterday blasted the government’s decision to abruptly close the industry within weeks of its restart as “utter madness”, with police officers ordering passengers out of vehicles. However, Wesley Ferguson, the Bahamas Taxi Cab Union’s

Who'd take high road?

There has been a lot of talk in the past concerning #1 Windsor Avenue and Village Road being a residential area, even newspaper articles written on the subject.

THE ALICIA WALLACE COLUMN: Ask people what they need then maybe we’ll have the right answers

The Economic Empowerment Zone programme launched in the Over-the-Hill community seems to be going nowhere fast with only 17 applications for concessions. It is perplexing that this was presented as a poverty alleviation initiative given its emphasis on businesses rather than households, individuals and vulnerable communities.

Lucayan buyers must be Freeport’s Atlantis

The Grand Lucayan’s new owners must have an Atlantis-type impact to relaunch a destination that will have been “off the market” for at least four years, a Freeport hotelier warned yesterday.

WTO ‘no silver bullet’ for GDP growth woes

Full World Trade Organisation (WTO) membership “is not a silver bullet” for solving The Bahamas’ economic growth woes, a Chamber of Commerce executive argued yesterday.

Bahamas must 'pioneer' to halt financial attrition

The Bahamas must be “a pioneer rather than follower of trends” if it is to reverse the financial services industry’s constant “attrition”, a risk and compliance specialist warned yesterday.

Bahamas bank accounts targeted for US seizure

Accounts at two Bahamian banks, alleged to contain bribery proceeds from a massive $1.2bn money laundering scheme tied to top Venezuelan officials, are targeted for seizure by the US government. Court documents obtained by Tribune Business reveal tha

Still waiting answers on son’s unlawful killing

KENDAL and Christine Rolle were relieved last April when Coroner’s Court jurors found that a police constable killed their son unlawfully.

Search and rescue failings exposed before pilot crash

Deficiencies in The Bahamas’ aviation search and rescue system were exposed by international regulators seven months before the crash involving still-missing pilot, Byron Ferguson.The International Civil Aviation Organisation’s (ICAO) last assessment

INSIGHT: Hooray for Carnival, but where’s our environmental protection laws?

IT was just a few months ago that the Minister of Environment and Housing labelled Carnival Corporation’s dumping scandal “environmental savagery”. And yet all seemed to have been forgiven when Prime Minister Dr Hubert Minnis was present for the signing of a heads of agreement to cement the $100m mega cruise port deal in Grand Bahama.

Harbour Island developers looking forward to 'untangling the red tape'

A HARBOUR Island development company yesterday said a judge’s order for it to stay construction until it gets the requisite approvals from the relevant authority was just an issue of “red tape.”

SHOT MARINE HAD ‘MENTAL ISSUES’: Body cam footage backs up officer’s version of events

NATIONAL Security Minister Wayne Munroe said the leading seaman police killed on Monday had mental challenges that were known to the Royal Bahamas Defence Force and had been addressed by the agency.

‘Promotion process was all above board’

FORMER Public Service Minister Brensil Rolle yesterday defended public sector promotions granted in the weeks before the general election, insisting the previous government was simply acting on years’ old recommendations that were in some cases left behind by the Christie administration.

INSIGHT: Haiti problem is about more than migrants

A FAMILIAR problem has dominated headlines in the past week in The Bahamas – the issue of Haitian migrants being detained as they pass through our waters.

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