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Strata corporations, owners stressed - 5-10% compliance on fees - 40-year law lacks teeth, amendments on the way

Strata corporations, owners stressed - 5-10% compliance on fees - 40-year law lacks teeth, amendments on the way - It is becoming increasingly difficult for property owners in some strata developments to unload their units as mortgage lenders and banks become less inclined to grant loans for acquisitions that are afflicted by unpaid maintenance fees. Many are uninsured.

Global Administrator | 26/06/2009


'Lightning' Insurance Settlement for Bolt
'Lightning' Insurance Settlement for Bolt

TRIPLE Olympic gold medallist Usain Bolt, who travels to Britain today ahead of Sunday's Bupa GreatCity Games in Manchester, collected approximately J$14,250,000 million or US$160,000 from Advantage General Insurance Company on Monday for his wrecked 2009 BMW M3 Coupe.

 



Global Administrator | 12/05/2009


New multimillion Petrojam contract goes to CGM - AGI 'fronting' for...
New multimillion Petrojam contract goes to CGM - AGI 'fronting' for overseas firm - Insurance deals top $860m

Petrojam Jamaica Limited is taking steps to award another multimillion-dollar insurance contract to cover assets of the refinery in Kingston and Montego Bay.

Global Administrator | 24/04/2009


Want to challenge 'estimate of value'? Forget it!
Want to challenge 'estimate of value'? Forget it!

Insurance Helpline with Cedric Stephens

 



Global Administrator | 22/02/2009


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Advantage General launches new policy

Advantage General Insurance has launched a new motor-vehicle policy aimed at reducing disagreements over the value of damage sustained during road traffic accidents.

The product was launched last week at the Terra Nova All-Suite Hotel in St Andrew.



Global Administrator | 16/02/2009


Advantage General to diversify portfolio - Turnaround begins under ...
Advantage General to diversify portfolio - Turnaround begins under Lee Chin

In its first full year under the ownership of Michael Lee Chin's AIC group, Advantage General (AGI) sharply turned around its loss of 2006 and the new managers say that will diversify its heavy dependence on motor-vehicle insurance to maintain profits and drive growth.

 



Global Administrator | 23/04/2008


Gordon-Martin to Depart Advantage General
Gordon-Martin to Depart Advantage General

Andrea Gordon-Martin, president of Advantage General, is to leave the organisation shortly, Wednesday Business understands, months after the $6 billion insurance company's rebranding by new owner Michael Lee Chin.

 



Global Administrator | 18/07/2007


Remaking UGI's Image - Lee Chin seeks 'Advantage' in new name
Remaking UGI's Image - Lee Chin seeks 'Advantage' in new name

Billionaire investor Michael Lee Chin relaunched his newest insurance acquisition under a new name Wednesday, Advantage General Insurance, giving a new face to the old United General Insurance (UGI).

Global Administrator | 23/03/2007

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