Business
2013: NAICOM Pays N2.2bn Claims, Resolves 61 Disputes
The National Insurance Commission (NAICOM) said on Saturday that its complaint bureau resolved 61 disputes and facilitated the payment of N2.2 billion claims in 2013.
The Head, Corporate Affairs of NAICOM, Mr Salami Rasaaq, said this in a statement made available to newsmen in Lagos.
According to him, this is in realisation of the commission’s continued effort at ensuring the protection of policy holders and insurance consumers over settlement of genuine insurance claims.
“The commission received a total of 193 complaints from insuring public, insurance companies, insurance intermediaries and legal practitioners in 2013.
“Out of this figure, 61 complaints were successfully resolved in 2013 through correspondence, adjudication meetings and direct contact with the insurance companies.
“The settled cases amounted to N2, 236 million, while the remaining 132 complaints are at various stages of settlement with some nearing closure,” he said.
Rassaq said that through the adjudication meetings, 15 cases were settled while one case was under subjudice.
He said that some of the claims and disputes settled were on Group Life, Fire, and non-payment of brokers’ commission, motor vehicles, maturity benefits, Life policy, aviation, burglary and theft.
Rasaaq said others were non-remittance of premium to insurance companies, severance benefits, bonds, investment, marine, death benefit, goods on transit, non-payment of loss adjusters’ fees and annuity benefits.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
Business
NIS Ends Decentralised Passport Production After 62 Years
Business
FG To Roll Out Digital Public Infrastructure, Data Exchange, Next Year
-
Sports4 days ago
CAFCL : Rivers United Arrives DR Congo
-
Sports4 days ago
FIFA rankings: S’Eagles drop Position, remain sixth in Africa
-
Sports4 days ago
NPFL club name Iorfa new GM
-
Sports4 days ago
NNL abolishes playoffs for NPFL promotion
-
Sports4 days ago
NSF: Early preparations begin for 2026 National Sports Festival
-
Sports4 days ago
Kwara Hopeful To Host Confed Cup in Ilorin
-
Sports4 days ago
RSG Award Renovation Work At Yakubu Gowon Stadium
-
Politics4 days ago
Rivers Assembly Resumes Sitting After Six-Month Suspension