The local insurance industry is expected to face more than NT$41 billion (US$1.38 billion) in COVID-19 claims amid a surge in domestically transmitted cases, Financial Supervisory Commission (FSC) Chairman Thomas Huang (黃天牧) said yesterday.
In a meeting of the legislature’s Finance Committee, Huang cited an internal assessment that forecast insurance claims would surpass a NT$41 billion estimate made by a legislator.
Chinese Nationalist Party (KMT) Legislator Lai Shyh-bao (賴士葆) said that non-life insurance companies had sold about 7.6 million COVID-19 policies that are to pay holders if they test positive for the disease or are placed in quarantine as close contacts of
The National Communications Commission (NCC) should revoke the license of the Chinese Television System (CTS) for running news tickers that mistakenly said China had invaded and natural disasters had struck on morning news programs, Chinese Nationalist Party (KMT) lawmakers said yesterday.
A group of KMT lawmakers surrounded NCC Chairman Chen Yaw-shyang (陳耀祥) before a meeting of the legislature’s Transportation Committee, demanding that he “step down,” as he allowed CTS, which aired the erroneous tickers on Wednesday last week, to obtain the channel 52 slot.
Channel 52 was previously occupied by CTi News, but the commission in 2020 rejected an application it submitted
Opposition parties yesterday called for the resignations of Minister of Economic Affairs Wang Mei-hua (王美花) and Taiwan Power Co (Taipower) chairman Yang Wei-fu (楊偉甫) to take responsibility for the latest power outages, while the Democratic Progressive Party (DPP) demanded an explanation from the state-owned utility.
Widespread power outages were reported across the nation, which Taipower attributed to an equipment malfunction at the Hsinta Power Plant in Kaohsiung.
Wang should step down to assume responsibility, and Taipower should compensate the public and busineses, the Chinese Nationalist Party (KMT) caucus told a news conference, adding that the power failure had tarnished Taiwan’s global image.
Providers of automated teller machines (ATMs) that allow people to purchase cryptocurrencies with cash have to comply with anti-money laundering (AML) regulations and conduct know-your-customer (KYC) practices, or face a penalty, the Financial Supervisory Commission (FSC) said yesterday.
The FSC made the remarks following a nearly month-long investigation after Chinese Nationalist Party (KMT) Legislator Lai Shyh-bao (賴士葆) on Dec. 23 raised questions about the machines’ operations during a meeting of the legislature’s Finance Committee.
The commission found that there are at least 24 bitcoin ATMs in Taiwan, which are operated by different companies for different purposes, Banking Bureau Chief Secretary Phil Tong