85.7 F
Charlotte Amalie
Tuesday, July 23, 2024


April 15, 2002 – With the price for condominium insurance on the rise, Lt. Gov. Gerard Luz James II has scheduled meetings with condominium associations on St. Thomas and St. Croix to address their concerns.
The meetings will be held from 6 to 8 p.m. Thursday at the Lieutenant Governor's office. On St. Croix, he will meet with condominium associations from 6 to 8 p.m. April 23 at Gertrude's Restaurant.
James said in a news release that since 1992, certain underwriters have been charging commercial rates without filing them with the lieutenant governor's office as required by law.
"This precedent has lead to exhorbitant increases in commercial premius charged to condominium owners. These homeowners now find themselves paying astronomical commercial premiums," James said.
Publisher's note : Like the St. John Source now? Find out how you can love us twice as much — and show your support for the islands' free and independent news voice.. click here.

Print Friendly, PDF & Email
Keeping our community informed is our top priority.
If you have a news tip to share, please call or text us at 340-228-8784.

Support local + independent journalism in the U.S. Virgin Islands

Unlike many news organizations, we haven't put up a paywall – we want to keep our journalism as accessible as we can. Our independent journalism costs time, money and hard work to keep you informed, but we do it because we believe that it matters. We know that informed communities are empowered ones. If you appreciate our reporting and want to help make our future more secure, please consider donating.