$500m withdrawal from FSC to hit insurance policyholders hard, says Robinson

Opposition spokesman on finance Julian Robinson on Tuesday warned that persons who have insurance policies should brace for sharp increases owing to significant costs that have already been imposed on insurance companies by the Financial Services Commission (FSC), the body that regulates them.Debating the Insurance (Amendment of 20th Schedule) (No.2) Regulations 2026 in Parliament, Robinson said the Government’s decision to withdraw $500 million from the FSC had imperiled the financial position of the regulatory body.

Raccontata dajamaica-gleaner.com