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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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WELLINGTON INSURANCE CO

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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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abtest

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