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 […]
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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 […]
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 […]
Nigerian hajj stampede victims not insured
The 64 Nigerians confirmed dead in the Mina stampede in Saudi Arabia, plus the 71 injured and the 244 missing pilgrims do not have valid insurance cover. According to Saturday Punch, majority of the 76,000 Nigerians, who participated in this year’s Hajj in Mecca, did not have travel health insurance […]
Okunoren to become 18th NCRIB President
Leave a Comment Chuks Udo Okonta The Nigerian Council of Registered Insurance Brokers (NCRIB) the umbrella body of registered insurance brokers in the country will on Thursday, October 15, 2015, witness a change in leadership as Emmanuel Kayode Okunoren becomes its 18th President. A statement by the Assistant Manager Corporate […]
Ekpre-Olomu expected to be first to collect on loss of draft value insurance
Former Oregon cornerback Ifo Ekpre-Olomu, who is of Nigerian descent is expected to be the first player to collect on a loss of draft value insurance, according to the man who underwrote the policy. Keith Lerner told CBS Sports Thursday night that Ekpre-Olomu is in the process of collecting a […]
Britain to set time limit for insurance mis-selling claims
Britain’s financial regulator is to impose a two-year deadline for customers to claim compensation for mis-sold loan insurance, drawing a line under Britain’s costliest consumer finance scandal. Banks have already set aside more than 28 billion pounds($42.41 billion) to compensate customers for mis-sold payment protection insurance (PPI) policies. These were […]
Standard Alliance Insurance Plc posts N4.33bn premium income
Leave a Comment Chuks Udo Okonta Standard Alliance Insurance Plc recorded a gross premium of N4.33 billion last year as against N3.78 billion in 2013, its Chairman Dominic Oneya, has said. He disclosed this at the company’s annual general meeting in Lagos, adding that the firm’s underwriting profit stood at […]
Life insurance penetration should be through banks: report
As less than 10 per cent of Indians have life insurance cover, the way forward to increase life insurance penetration is through bancassurance, according to Anuj Mathur, CEO, Canara HSBC Oriental Bank of Commerce Life Insurance. The bancassurance channel involves banks selling life insurance to their clients. “We should ensure […]
