In an era of increased awareness of technological advances in management,business, communication and marketing, excellence in strategy formulation and management is a necessity for high performance businesses. We help our customers reach their pinnacle. Offering complementary expertise- not a duplication of existing resources – RMS provides cost- effective and profitable Insurance and Risk Management solutions.
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Hurricane Tips
HURRICANE SEASON June 1 – Nov 30 Record your possessions Keep important information in a safe deposit box or waterproof container. This file should contain: A copy of important documents, including insurance policies A household inventory. Keep receipts and photograph/video records of major household items and valuables and have jewellery and artworkMore
Hurricanes Highlight Insurance Problems for Apartments and Townhouses
This year’s devastating hurricanes spotlight a major insurance issue for local apartment, condo and townhouse owners. Unless the properties share a single insurance policy, there may be problems with claims. Townhouses share walls and sometimes roofs. Apartments and condominiums may also share floors and ceilings. If adjoining properties have different policies, the insurers share theMore
FLOOD
Educate Yourself 1. Safeguard your possessions Create a personal flood file containing information about all your possessions and keep it in a secure place, such as a safe deposit box or waterproof container. This file should have: A copy of important documents, including insurance policies with RMS’ contact information (625-1091 – 7; risk@rms.co.tt) AMore
Tornadoes Twisters and Trinidad
TORNADOES, TWISTERS AND TRINIDAD (by Tarran Dookie ) What are tornadoes? A tornado is a localised and violently destructive windstorm occurring over land characterised by a funnel-shaped cloud extending toward the ground. Most tornadoes form from thunderstorms. When warm, moist air masses and cool, dry air masses meet, they create instability in the atmosphere. AbundantMore
IS DAMAGE CAUSED BY A METEORITE COVERED BY INSURANCE
IS DAMAGE CAUSED BY A METEORITE COVERED BY IINSURANCE? (by Tarran Dookie) On February 15th, 2013 a meteor exploded over the Russian city of Chelyabinsk in the Ural mountains (population: 1 million). Six other cities beside Chelyabinsk were affected. It caused injuries to some 1500 persons, mostly from shattered glass. According to the Russian Academy of Sciences, theMore
Insurance Market Overview
Insurance Market Overview 2015 As the insurance industry continues to evolve, we have to ensure that the business environment in which we operate remains stable. Insurance represents the second biggest influence on money supply in our economy and as such, the industry plays a significant part in the overall health of the local economy. Rates offered by theMore
The Local Insurance Environment
THE LOCAL INSURANCE ENVIRONMENT Legislation, size, rates and impact of local, regional and international disasters. ( by Tarran Dookie) The first ReCover was published in December 1985. In this article we take a look at the general insurance industry and factors affecting it then and compare it with what obtains today. LEGISLATION DIRECTLY IMPACTING INSURANCE Insurance Act TheMore
Insurance Brokers Association of Trinidad and Tobago
THE ASSOCIATION OF INSURANCE BROKERS (TRINIDAD & TOBAGO) The Association of Insurance Brokers, which was established several decades ago, adopted a revised Constitution and Bye-laws on February 26, 1987. MAIN OBJECTS OF THE ASSOCIATION Some of the main objects of the Association are: a. To promote and encourage the conduct of insurance broking business with integrity and good faithMore