Insurers With Unpaid Claims Face Heavy Regulatory Sanctions

Insurers With Unpaid Claims Face Heavy Regulatory Sanctions …C0NTINUE READING HERE >>>

Insurance companies which were denying policyholders genuine claims will  be heavily sanctioned by the insurance industry regulator, says the commissioner for Insurance/CEO, the National Insurance Commission(NAICOM), Mr. Olusegun Omosehin.

Omosehin, while speaking at an Interactive Session with Journalists in Lagos at the weekend, noted that, the regulator doesn’t joke with unpaid claims, disclosing that most companies have been sanctioned in the past, however, NAICOM will increase…

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