SECURITY PACIFIC ASSURANCE CORP

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                    [ArticleID] => 885689
                    [Title] => QC court stops capital hike reqm’t on insurers
                    [Summary] => 
The Quezon City Regional Trial Court has ordered the Department of Finance (DOF) and the Insurance Commission (IC) to temporarily refrain from implementing the proposed capital hikes on the insurance industry.

                    [DatePublished] => 2012-12-14 00:00:00
                    [ColumnID] => 0
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => http://imageshack.us/a/img853/7535/bus2thumb.jpg
                )

            [1] => Array
                (
                    [ArticleID] => 870495
                    [Title] => ‘Zainal not owner of SPAC’
                    [Summary] => 
Security Pacific Assurance Corp. (SPAC) has denied that the firm was connected with a man who was allegedly murdered by victims of the investment scam of Aman Futures Phils., Inc.
“In your Nov. 16, 2012 issue, it was reported that Anwar Alvin Zainal who was kidnapped and subsequently found dead was the owner of Security Pacific Insurance,” lawyer Roderick Manzano, counsel of SPAC, wrote The STAR.

                    [DatePublished] => 2012-11-22 00:00:00
                    [ColumnID] => 0
                    [Focus] => 0
                    [AuthorID] => 1735838
                    [AuthorName] => Sandy Araneta
                    [SectionName] => Headlines
                    [SectionUrl] => headlines
                    [URL] => 
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            [2] => Array
                (
                    [ArticleID] => 246931
                    [Title] => IC slaps CDO on defiant  Security Pacific Assurance
                    [Summary] => The Insurance Commission (IC) issued a cease-and-desist order (CDO) stopping Security Pacific Assurance Corp. (SPAC) from selling or transacting any other non-life insurance business. 


In a resolution dated March 19 this year, the IC said that the SPAC failed to meet all its obligations to several oil companies thus becoming "hazardous" to the welfare of the insuring public. 


                    [DatePublished] => 2004-04-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
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            [3] => Array
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                    [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] => 
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QC court stops capital hike reqm’t on insurers

By Ted P. Torres | December 14, 2012 - 12:00am

The Quezon City Regional Trial Court has ordered the Department of Finance (DOF) and the Insurance Commission (IC) to temporarily...

Business

‘Zainal not owner of SPAC’

By Sandy Araneta | November 22, 2012 - 12:00am

Security Pacific Assurance Corp. (SPAC) has denied that the firm was connected with a man who was allegedly murdered by victims of the investment scam of Aman Futures Phils., Inc. “In your Nov. 16, 2012 issue,...

Headlines

IC slaps CDO on defiant Security Pacific Assurance

April 20, 2004 - 12:00am

The Insurance Commission (IC) issued a cease-and-desist order (CDO) stopping Security Pacific Assurance Corp. (SPAC) from selling or transacting any other non-life insurance business. In a resolution dated March...

Banking

Non-life insurers get ultimatum

September 17, 2002 - 12:00am

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...

Banking