Insurance industry income down in Q3 philstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from philstar.com Daily Mail and Mail on Sunday newspapers.
The Insurance Commission has suspended its policy that will increase the premium on catastrophe insurance amid calls from the House of Representatives.
The Insurance Commission must suspend the implementation of its Circular Letter No. 2022-34, which seeks to increase the insurance premium rates on catastrophes such as typhoons, floods and earthquakes.
(Bernard Hermant/ Unsplash)
AGRI Party-list Rep. Wilbert T. Lee reiterated this call
Local insurers will officially be required to hike their capitalization at the onset of 2023 as the government will no longer postpone the implementation of the measure.
The evolving Phillipine economic landscape worldfinance.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from worldfinance.com Daily Mail and Mail on Sunday newspapers.