AUGUSTA, Maine (AP) — Dealing with auto, life and other kinds of insurance can be a headache, and one Maine agency is dedicating to helping Mainers sort it out. The Maine Bureau of Insurance said Mainers made 6,007 calls last year and filed 790 complaints on issues related to insurance. […]
Insurance
Insurers pay Redeemed Church, University N12.24m group life claims
Leave a comment and share Chuks Udo Okonta The leadership of the Redeemed Christian Church of God (RCCG) and Redeemers University (RUN) have demonstrated the need for Insurance as the duo got about N12.24 million from insurers as group life claims for deceased workers. According to information obtained from the […]
Insurance companies request 14 percent rise in auto premiums
Insurance companies are seeking approval for their plans to raise auto insurance costs for North Carolina motorists by an average of nearly 14 percent this year. The state Insurance Department said Friday it received the request from the North Carolina Rate Bureau, which represents insurance companies. The state Insurance Department […]
Car insurance premiums at highest level ever, say insurers
Association blames whiplash claims, repair bills and rise in insurance premium tax for rise at more than five times rate of inflation Miles Brignall Car insurance premiums have hit their highest recorded levels ever and rose at more than five times the rate of inflation during 2016, according to the […]
NAICOM resolves N5.48bn claims complaints in 2016
Leave a comment and share Chuks Udo Okonta The National Insurance Commission( NAICOM) says it resolved 218 complaints resulting in the settlement of claims worth N5.48 billion in 2016. A statement by the Head Affairs, Salami Rasaaq, said the Commission received a total of 413 complaints from aggrieved policyholders against […]
Compliance to compulsory insurance still very low – Kari
Kari Leave a comment and share Chuks Udo Okonta The level of compliance to compulsory insurance in the country is still very low, the Commissioner for Insurance, Mohammed Kari, has said. He said this yesterday at the Insurance Industry Consultative Council (IICC) training on compulsory Insurance in Abuja, stressing that […]
Targeting UK Mass Affluents with Insurance
/PRNewswire/ — Summary The mass affluent population in the UK is growing, meaning the demographic is an opportunity for providers selling personal insurance. Mass affluents are more likely to be male, have higher household incomes, and be married compared to retail customers. The assets of mass affluents are higher value, […]
Motor insurance premiums hit record high, as cars go hi tech
By Brian Milligan Personal Finance reporter Car insurance premiums in the UK have hit a record high, partly because cars’ increasingly complex electronics have made repairs more expensive. The average annual comprehensive policy cost £462 in the last three months of 2016, according to the Association of British Insurers (ABI). […]
NAICOM begins electronic submission of accounts this year
Leave a comment and share Chuks Udo Okonta The transition to electronic submission of accounts by insurance companies will commence this year, the National Insurance Commission (NAICOM), has said. The Commission noted that it is going to leverage information technology to improve effectiveness and reduce regulatory burden of manual operations […]
Apathy Grows As 86.6 Million Nigerians Are Without Insurance
By Bankole Orimisan Long before Nigeria was finally plunged into recession last year, it has been pretty challenging to get Nigerians to appreciate the benefits inherent in insurance products, with the sector contributing a meager 0.6 per cent to the nation’s Gross Domestic Product (GDP). Due to the high level […]
