EC Global Insurance CEO Shares Tomas Lessons with Chamber    

Chief Executive Officer of EC Global Insurance, Mr. Leathon Khan, addressed the 126th AGM of the Saint Lucia Chamber of Commerce, Industry and Agriculture. Held on Tuesday, November 30th at The Royal Saint Lucian Hotel in Rodney Bay, the event was attended by a wide cross-section of the Chamber's membership. The AGM's date coincided with the official end of the Atlantic hurricane season and approximately one month after the passage of Hurricane Tomas. Mr. Khan's presentation focused on the effect and implications of the hurricane for the local insurance industry.

According to the EC Global CEO, the insurance sector "remains strong and resilient" in the aftermath of Tomas and insurance companies have been honouring claims so that people can rebuild their lives. He pointed out however, that Tomas revealed certain issues that insurance firms have been cautioning persons about for some time such as not purchasing enough insurance coverage for their property and its contents. Khan also emphasized that people should ensure that they read and understand the terms and conditions of their policy fully so that they know the extent of their coverage. Therefore, they will be aware of what and how much they can claim from their insurer in the event of a disaster.

The implementation of building codes, proper development of residential settlements and appropriate land use were some of the recommendations made by EC Global's CEO which he felt that government needed to undertake. These measures would mitigate the devastating physical, social and economic impact of disasters such as Tomas on small islands such as Saint Lucia and its OECS neighbours. He said that the insurance sector could also play its part by encouraging more public awareness on the importance of insurance and its critical role in safeguarding against risk and being prepared for the unexpected such as Hurricane Tomas.

Tis Better To Receive!-Bank of Saint Lucia's Credit Card Cash Back Promo

Bank of Saint Lucia is on the verge of launching its exciting new credit card cash back promotion, 'Tis Better To Receive'! Starting this month, the year-long promotion will give Bank of Saint Lucia credit cardholders 1% cash back on all retail and consumer-type purchases. Both Visa and MasterCard credit card customers with Bank of Saint Lucia are eligible to benefit from the promotion.

Credit card customers who use their cards to make purchases locally, while traveling or online will receive the 1% cash back reward. Customers will see their cash back reward reflected on their monthly credit card statement; however, they also have the option of having their Bank of Saint Lucia savings account credited if that is preferred. So each time the customer uses his/her Bank of Saint Lucia Visa or MasterCard, he/she is reaping real financial benefits.

Persons who sign up for new Bank of Saint Lucia Visa or MasterCard credit cards this month and in January 2011 will be eligible for a grand prize draw scheduled for the end of January.

Certain terms and conditions apply