BANGKOK: Many hundreds of people showed up at the General Insurance Fund office yesterday (Apr 25) to claim lump-sum payments for COVID-19 policies with two bankrupt insurers, greatly exceeding the nu
Many hundreds of people showed up at the General Insurance Fund office on Monday to claim lump-sum payments for Covid-19 policies with two bankrupt insurers, greatly exceeding the number the office could handle.
The Finance Ministry has revoked the business licences of Southeast Insurance and Thai Insurance, effective yesterday, after the two companies were declared financially incapable of paying outstanding claims, according to the Office of the Insurance Commission (OIC).
BUSINESS: The Finance Ministry has revoked the business licences of Southeast Insurance and Thai Insurance, effective as of yesterday (Apr 1), after the two companies were declared financially incapab
The Finance Ministry has revoked the business licences of Southeast Insurance and Thai Insurance, effective from Friday, after the two companies were declared financially incapable of paying outstanding claims, according to the Office of the Insurance Commission (OIC).