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Tag: insurance companies

Lotilla urges insurers to maintain coverage for coal plants

Energy Secretary Raphael Lotilla on Thursday urged insurance companies to continue providing coverage to coal-fired power plants at reasonable rates amid the ongoing energy...

COVID-related insurance payouts declined to P1.53b in second half of 2022

Insurance companies and health maintenance organizations paid out P1.53 billion in COVID-related claims in the second half of 2022, down from P7.65 billion a...

IC urges insurance firms to cover COVID-19 cases

The Insurance Commission urged all insurance companies, mutual benefit associations and health maintenance organizations to extend the coverage of their insurance policies and HMO...

IC updates rules covering directors

The Insurance Commission revised the rules on the appointment of independent directors of insurance companies, insurance brokers, mutual benefit associations, pre-need companies and health...

Insurance firms given leeway to meet capital

Insurance companies that fall short of the minimum P550-million capitalization requirement imposed by the amended Insurance Code have until April this year to reach...
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