IAJ raises alarm over up to 100% jump in insurance industry fees
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Executive Director of the Insurance Association of Jamaica (IAJ) Everton McFarlane says players in the insurance industry are concerned about the magnitude of increase in insurance fees, in some instances as high as 100 per cent, which was approved on ThursdaIAJ raises alarm over up to 100% jump in insurance industry fees
Executive Director of the Insurance Association of Jamaica (IAJ) Everton McFarlane says players in the insurance industry are concerned about the magnitude of increase in insurance fees, in some instances as high as 100 per cent, which was approved on Thursday by the Regulations Committee of Parliament. Asked whether insurance companies are likely to pass on the increase to consumers, McFarlane told The Gleaner that it would be left up to individual entities to make that decision. Read more














