The National Insurance Commission (NIC) has exercised its powers conferred by Section 44 of the Insurance Act, 2006 (Act 724) and issued a directive to impose limits on Motor Injury and Death claims in the country. Section 44 of the Insurance Act...

A Florida elementary school teacher was arrested on multiple felony charges including insurance fraud and organized scheme to defraud for allegedly staging a fake car accident in a local Publix parking lot, according to a statement from Florida CFO...

The National Insurance Commission has increased the minimum capital requirement for insurance companies in the country from ¢15million to ¢50 million. According to a statement from the NIC, insurance companies have up until June 30, 2021, to meet...