When FBNInsurance rolled out the drums on Friday, 4th December 2015, in celebration of her 5 years of operations, it was clear from all indications that the foremost insurance company had many reasons to celebrate. The company currently ranked 5th in the Life Insurance business had a healthy premium income […]
Insurance
Insurers move to implement resolutions from mega confab
Ahmed Leave a comment Chuks Udo Okonta The Director Generals and Executive Secretaries of the various arms of the insurance industry have been mandated to ensure full implementation of resolutions reached at the Insurance Mega Conference, Inspen can report. It was gathered that the directors and secretaries were constituted into […]
A.M. Best Withdraws Ratings of Sterling Life Insurance Company
A.M. Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of Sterling Life Insurance Company (Sterling) (Chicago, IL), a subsidiary of Cigna Corporation (Cigna) [NYSE: CI]. The ratings of all Cigna’s subsidiaries remain under review with developing implications following the announcement of […]
Businessman gets 37 years for $100M insurance premium fraud
BALTIMORE (AP) — A businessman who prosecutors say stole more than $100 million in insurance premiums to live a life of luxury has been sentenced to 37 years in prison. Forty-year-old Jeffrey Brian Cohen of Reisterstown, about 25 miles northwest of Baltimore, was also ordered to pay restitution at sentencing […]
South Africa’s Cabinet Approves White Paper on Health Insurance
Healthcare accounts more for than 11% of government spending Zuma announced NHI in first state of the nation speech in 2009 South Africa’s cabinet has approved a policy white paper on a compulsory health-insurance plan. “It will be funded through a central fund that will also be made available to […]
CIIN shops for writers
Ahmed Leave a comment Chuks Udo Okonta The Chartered Insurance Institute of Nigeria (CIIN) is shopping for professional writers that would help domesticate its course books, Inspen can report. Its Director-General Kola Ahmed, disclosed this in an interview, adding that the writers will be saddled with the responsibility of including […]
Japanese brands dominate insurance industry’s auto safety rankings for 2016 model year
By DEE-ANN DURBIN, Associated Press Japanese brands dominate the insurance industry’s rankings of the safest vehicles for the 2016 model year. The Insurance Institute for Highway Safety said Thursday that 48 vehicles earned its highest rating of “Top Safety Pick Plus.” That’s up from 33 a year ago. Toyota, Honda […]
Buy insurance against terror strikes now
Recent incidents have put the spotlight on insurance against terrorism-related incidents. “Recognise the importance of travel insurance, even when you are going to countries where it is not mandatory,” says Nikhil Apte, Chief Product Officer, Product Factory (Health Insurance), Royal Sundaram Alliance Insurance. “Travel insurance provides you financial cover and […]
NAICOM delists 108 insurance brokers
The National Insurance Commission (NAICOM) has removed108 insurance brokers out of the list of 421 licensed practitioners operating in the country for failing to renew their licences. Sources from NAICOM told our correspondent on Sunday that the affected brokers had been operating without meeting the regulatory requirements. “NAICOM decided to […]
Greg Wolf: Make gun owners buy more insurance
Every firearm should be insured. Homeowner’s and renter’s insurance policies should all have provisions for gun ownership. Rates should depend on the types of guns, types of ammunition, method of storage, and other information relating to the dwelling and its occupants. Insurance companies should all offer personal liability policies for […]
