Business

Published 18 hours ago

IAJ urges policyholders to review sums insured as average-clause disputes mount after Melissa

The Insurance Association of Jamaica (IAJ) urges property owners to check whether their coverage reflects the true replacement value of their homes and businesses, as the average clause – a long-standing but little-understood insurance provision – continues to reduce Hurricane Melissa payouts for underinsured policyholders.

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IDB Headquarters in Washington, DC, USA. (contributed)
Published 18 hours ago

IDB Invest lines up US$80m loan for JPS grid recovery

Power utility Jamaica Public Service Company Limited (JPS) aims to secure US$80 million, about J$12.7 billion, from the private-sector arm of the Inter-American Development Bank Group (IDB) for…
Published 18 hours ago

IAJ urges policyholders to review sums insured as average-clause disputes mount after Melissa

The Insurance Association of Jamaica (IAJ) urges property owners to check whether their coverage reflects the true replacement value of their homes and businesses, as the average clause – a…
ContributedProfessional mixed martial arts fighter Aljamain Sterling, founder of Funk Harbor Rum.
Updated 17 hours ago

UFC fighter Aljamain Sterling seeks US$1m to fund J’can rum venture

Professional mixed martial arts fighter Aljamain Sterling, the son of Jamaican expatriates, aims to raise up to US$1 million through a US securities crowdfunding offering to scale his brand, Funk…
July 22, 2026 by Carolyn Guniss

French energy firm secures Jamaica land for utility-scale solar and hydrogen project
French renewable-energy company HDF Energy said it has secured land in Jamaica for a proposed utility-scale solar, hydrogen and battery storage project, and wants investors, contractors, suppliers and…
July 22, 2026

AMG profit slides amid dip in production
AMG Packaging and Paper Company Limited’s profit has fallen by more than half in the latest quarter as its production faltered. Management, however, remains upbeat and continues with its expansion…
July 22, 2026 by Luke Douglas

Confidence results reversed in second quarter of 2026
July 22, 2026

Jamaica airport traffic and revenue show signs of recovery in latest quarter
Passenger traffic at Jamaica’s two international airports started to recover in the latest quarter from the impact of Hurricane Melissa, with combined revenue of roughly US$53 million from…
July 22, 2026

Why bold, cautious CEOs are both getting AI wrong
As a CEO, there are two ways your board can lose confidence in your artificial intelligence (AI) strategy. The first is watching a rushed roll-out fail in public. The second is watching nothing…
July 22, 2026

AI stocks lead Wall Street higher, even as Brent oil’s price tops US$91

More gains for makers of computer chips and other winners of the artificial-intelligence (AI) boom carried Wall Street higher Tuesday. The S&P 500 climbed 0.9 per cent. The Dow Jones Industrial…