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Array ( [results] => Array ( [0] => Array ( [ArticleID] => 888351 [Title] => 32 insurers in financial trouble – IC [Summary] =>The Insurance Commission (IC) said 32 life, non-life and insurance firms and mutual benefit association (MBA) companies are presently under various stages of conservatorship, receivership or for liquidation.
[DatePublished] => 2012-12-21 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 826140 [Title] => Penetration of retail market still low, says Pioneer Insurance [Summary] =>The challenge of the country’s non-life insurance industry is penetrating the retail market.
[DatePublished] => 2012-07-10 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Banking [SectionUrl] => banking [URL] => ) [2] => Array ( [ArticleID] => 176339 [Title] => Non-life insurers get ultimatum [Summary] => The Insurance Commission (IC) has ordered non-life companies to pay bonds claims of several oil companies, or else.
In a series of meetings held yesterday, IC Commissioner Eduardo T. Malinis ordered Wellington Insurance Co., Development Insurance & Surety Corp., and Security Pacific Assurance Corp. to pay their bond claims or risk penalties including the suspension of their certificate of authority to operate (CA).
"They should pay the claims immediately and then go after their principal," Malinis ordered.
[DatePublished] => 2002-09-17 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Banking [SectionUrl] => banking [URL] => ) ) )
SURETY CORP
Array ( [results] => Array ( [0] => Array ( [ArticleID] => 888351 [Title] => 32 insurers in financial trouble – IC [Summary] =>The Insurance Commission (IC) said 32 life, non-life and insurance firms and mutual benefit association (MBA) companies are presently under various stages of conservatorship, receivership or for liquidation.
[DatePublished] => 2012-12-21 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 826140 [Title] => Penetration of retail market still low, says Pioneer Insurance [Summary] =>The challenge of the country’s non-life insurance industry is penetrating the retail market.
[DatePublished] => 2012-07-10 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Banking [SectionUrl] => banking [URL] => ) [2] => Array ( [ArticleID] => 176339 [Title] => Non-life insurers get ultimatum [Summary] => The Insurance Commission (IC) has ordered non-life companies to pay bonds claims of several oil companies, or else.
In a series of meetings held yesterday, IC Commissioner Eduardo T. Malinis ordered Wellington Insurance Co., Development Insurance & Surety Corp., and Security Pacific Assurance Corp. to pay their bond claims or risk penalties including the suspension of their certificate of authority to operate (CA).
"They should pay the claims immediately and then go after their principal," Malinis ordered.
[DatePublished] => 2002-09-17 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Banking [SectionUrl] => banking [URL] => ) ) )
abtest
By Ted P. Torres | December 21, 2012 - 12:00am
By Ted P. Torres | July 10, 2012 - 12:00am
September 17, 2002 - 12:00am
Recommended
The Insurance Commission has placed health maintenance organization Stotsenberg Healthcare Systems Inc.under conservatorship amid its inability to address requirements from the government.
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