Several times it has become issue of argument as to who needs insurance protection most. Is it the poor or the rich?. The truth is that everybody needs insurance, but the poor needs it most. A rich man that has plenty of cars in his garage may not feel it […]
Author: admin
Insurance firm to pay for delaying claim
The State Consumer Disputes Redressal Commission has directed United India Insurance (UII) to pay Rs 5.24 lakh insured declared value (IDV) to Jaswant Verma of Sector 44 at 12% interest from October 24, 2013, which is the date six months after filing of the original claim till realization. UII has […]
Anohu-Amazu: PRA Now Allows Contributors with Sufficient RSA Balances to Own Homes through Mortgages
For the first time ever, the world pension regulators and professionals will gather in Nigeria tomorrow to discuss sustainable ways of managing pension funds. The Director-General, National Pension Commission (PenCom), Chinelo Anohu-Amazu, in this interview with Kunle Aderinokun, Associate Editor, points out the highpoints of the event. Anohu-Amazu also addresses […]
PenOp unveils new executives
The Pension Fund Operators Association of Nigeria (PenOp) has unveiled new executives to drive its activities. The association said the executives were elected at its Annual General Meeting, which was held in Lagos recently. A statement by the association said the Managing Director, AIICO Pensions, Eguarekhide Longe, was elected as […]
Presidency speaks out on Alison-Madueke’s arrest in London
The Nigerian presidency has confirmed the arrest of a former Petroleum Minister, Diezani Alison-Madueke, in London, over allegations of corruption and money laundering. According to PREMIUM TIMES, the Senior Special Assistant to the President, Garba Shehu, said: “The government is aware of the arrest and all the government investigative agencies […]
Crash-for-cash fraudster jailed for insurance scam
A second man has been sentenced for his part in a ‘crash-for-cash’ insurance fraud scam in west London, according to police. Mohamed Labre Chiadmi – also known as Adam Leno – had pleaded guilty to fraud by false representation and two counts of making false declarations to obtain motor […]
Pregnant woman filmed faking car crash for insurance payout
Australian police had arrived at a rain-soaked Sydney intersection in May to find two mangled vehicles and a dazed Fadel who was eight months pregnant and reportedly suffering stomach and back pains. She explained that after missing the stop sign, her car had ploughed into the side of another moving […]
Military Pension Board Allays Fears Of Mishap In Forthcoming Verification Exercise
The Chairman, Military Pensions Board, AVM Muhammed Dabo, has allayed fears of any mishap in the forthcoming military pension verification exercise scheduled to hold in designated centres between Oct. 6 and Oct. 20. Dabo said this in Abuja on Friday while briefing newsmen on the forthcoming verification exercise for military […]
Insurance stats show the changing face of crime
The Citizen With the release of the 2014/15 crime statistics, and what can only be described as a national outcry over their contents, the South African Insurance Crime Bureau (SAICB) have released a set of their own statistics for the period. Their statistics show changing trends and hotspots in South […]
Any insurance company in Nigeria worth its salt should pay claims – Akinboye
Akinboye Codewit.com What is your vision for Standard Alliance Insurance following your return to the insurance industry? Having worked in the insurance industry for thirteen years, I needed to take a break and reappraise my carrier. While away, I also tried one or two things and went back to school […]
