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ICWI giving back to BVI community for 50th anniversary

ICWI President Paul Lalor

The Insurance Company of the West Indies (ICWI) is in its 50th year since inception and now plans to include the BVI in recognizing the milestone.

ICWI President, Paul Lalor, was careful not to give away too much detail on the company’s plans for the BVI but said ICWI will be focusing on community-related initiatives.

Lalor, who described ICWI as a community-oriented company, said these initiatives are ICWI’s way of giving back to the territory.

In the business aspect of things, Lalor told BVI News ICWI has settled all insurance claims from the September 2017 hurricanes.

The company completed settlements several weeks ago and is now at the ready for 2018 Atlantic Hurricane Season, which began last month.

Lalor said ICWI was able to payout at least of 20 percent of the total sums insured to each of its customers. ICWI received some 140 insurance claims after the 2017 disasters.

That is more or less the same payout percentage other local insurers offered, Lalor said.

The ICWI President then reiterated his company’s commitment to conducting fair and reliable business to residents in the BVI and said news the company’s way of doing business already has begun to circulate in factions of the territory.

This has resulted in the company receiving an increase in the number of customers since last year’s hurricanes, Lalor said.

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7 Comments

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  1. Observation says:

    I can see the contribution made by several businesses and companies that has made it in the BVI. My question is; has Pussers BVI made any none contribution to the BVI economy? Just a question.

    • CW says:

      Besides hiring lots of people and directly contributing to the economy? When will people in BVI learn to appreciate what they have and stop acting so entitled, always expecting more? shameful.

    • SUE says:

      Some banks still have check hold up and the hurricane season start
      Some banks is taking advantage of the situation I have been paying every month paying on time I bought some materials and start to fix up my house so me and my children can live with out getting wet and the one penny I get from the insurance the bank have red tape this is a damn shame in this modern world any bank to keep home owners insurance if I had the money to complete my house I would have pay them off and tell them since you want the insurance money keep it because I am tired of them.

  2. Lodger says:

    Are banks holding up insurance cheques because customers are behind on their mortgage payments since the storms?
    If so, surely that is illegal?

  3. CW says:

    THIS IS ABOUT A POSITIVE CONTRIBUTION FROM AN INSURANCE COMPANY. WHY ARE YOU CRYING ABOUT BANKS? oh. Right. BVI (b*tchy Virgin islands)

  4. Ausar says:

    Those of you with greivances, wht are you not taking these agencies to court?

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