Archive for January 26th, 2011
Re/Insurer Hurricane Model Questioned
Karen Clark & Company, independent experts in catastrophe risk, catastrophe models and catastrophe risk management, has released its third annual report on the performance of near term hurricane models — renewing criticism of the standard model used by Bermuda re/insurers. The report finds the models, designed to project insured losses in... Read more of this article
History: ‘The Unsinkable’ Edna Watson
She was Bermuda’s answer to the “Unsinkable” Molly Brown — and like that heroine of the “Titanic” sinking, Edna Watson demonstrated gallantry and indefatigable determination when a Bermuda-bound aircraft she was aboard crashed in the chilly North Atlantic in 1939. Born in Montreal but a Bermuda resident for most of... Read more of this article
Victoria Street Trenching Work Continues
The City of Hamilton today [Jan 26] reminded the general public that trenching work continues on Victoria Street in the parking lane. The trench has reached the junction of Parliament and Victoria Streets and motorists are advised to use extremely caution when passing through the intersection. The traffic lights are operational. The City of Hamilton... Read more of this article
New! Legal Column With Attorney Kyle Masters
Need legal advice? Interested in the law? Bernews readers now have the opportunity to get answers to their legal questions from Bermudian attorney Kyle Masters as we launch his new column. Mr. Masters, an associate at Trott & Duncan Barristers and Attorneys, will field readers’ questions on criminal, civil and commercial legal matters. One... Read more of this article
Minister Burch Visits Fire Service Recruits
Earlier today [Jan 26] the Minister of National Security David Burch visited the Bermuda Fire and Rescue Service Recruit Training Course at the Hamilton Fire Station. Fourteen Bermudian men are currently in week three of the 26 week course. The training team is led by Lt. Troy Furbert. Today Minister Burch said, “It was inspiring to spend a short... Read more of this article
Arthur Rankin’s TV Show Roars Back To Life
The upcoming reboot of a Bermuda animation legend’s 1980s cartoon series about a group of feline-like aliens was the cat’s whiskers at this week’s London Toy Fair. The Cartoon Network was on hand at the industry event promoting its revival of “ThunderCats”, an animated science fantasy series created by Bermuda based producer... Read more of this article
Burch & DeSilva on 2010 Crime Statistics
National Security Minister Senator David Burch said he was “encouraged by the fact that more citizens are honouring their civic duty by reporting incidents of crime to the Police.” The Minister was commenting on the on the 2010 Crime Statistics report released this week by the Bermuda Police Service. He said, “I am pleased that crime overall... Read more of this article
Minister & Mayor: St George’s Transport
Terry Lister, Minister of Transport and Ellen-Kate Horton, Permanent Secretary of the Ministry of Transport recently met with St. George’s Mayor Kenneth Bascome to discuss ongoing initiatives and challenges in the town, especially as it relates to transport. A primary topic of conversation was the need for a dedicated cruise ship to be berthed in... Read more of this article
Aon: Antigua Calls For Regional Response
Antigua & Barbuda – labelled along with Bermuda as an elevated political risk by Aon due to increased fears of public debt non-payment — has called for a regional reponse to the global firm’s downgrades of primarily Caribbean islands. Last week Bermuda and Antigua were downgraded on the Aon Risk Solutions benchmark 2011 Political... Read more of this article
Canadian Drug Courier Sentenced to Three Years
A Canadian woman who last week admitted importing almost $50,000 worth of cocaine into the island was sentenced to three years in prison today [Jan.26]. Kayla Renee Nicol, 22, from Scarbourough, Ontario, Canada, plead guilty to drug importation charges in Magistrates’ Court on January 20. Evidence was presented showing she had cocaine-filled... Read more of this article
Man Charged With Drug & Firearm Offences
28-year-old Jakai Harford appeared in Magistrates Court this morning [Jan 26], and was charged with a number of drug and firearm offences. He was charged with: Possession of cocaine with intent to supply $14,900 worth, Second charge possession of $5,300 cannabis intent to supply, Possession of drug equipment, Possession of firearm alternately handling... Read more of this article
Hiscox Anticipates ‘Healthy’ UK Profit
Bermuda-based specialist insurer Hiscox estimates net claims linked to Britain’s coldest winter on record will hit £16 million. Despite this, the firm’s UK household business is on track to make a “healthy profit” and claims for the Chilean earthquake and China’s windstorm Xynthia have actually been revised down. The two “expensive... Read more of this article
