NAICOM resolves N128m claims half year

Chuks Udo Okonta

The National Insurance Commission (NAICOM) said through its intervention in disputes between underwriters and insured claims amounting to N128 million has been paid from January 1 to June 30 this year

A circular published today on the commission’s website and signed by the Assistant Director/Head, Corporate Affairs, Salami ‘Rasaaq, puts the number of complaints received at 83, adding that the number of complaints treated were 215 including complaints from previous year, and number of outstanding complaints stood at 189.

He noted that 26 complaints were settled, amounting to ₦128,004,828.31.

According to him the  breakdown of settled cases from January-March 2014 is:

1 STANDARD ALLIANCE LIFE

MR. ANDREW and MARK ILANSE

 Life: BENEFITS N32,777

STACO

 

ARIZONA INSURANCE BROKERS

General: MOTOR N1,525,500.00

STANDARD ALLIANCE LIFE

OGBENE and VIRGINIA & COMPANY

Life: BENEFITS N543,000.00

AIICO

 

FINBANK INSURANCE BROKERS

General: AVIATION N17,038,872.00

IGI

 

BENJAMIN SOLICITORS

Life: BENEFITS N3,488,032.00

AIICO

 

PAUL ADIE

Life: BENEFITS N120,000.00

NSIA

 

ETERNALIE RISK INSURANCE BROKERS

General: MARINE N547,295.08

STANDARD ALLIANCE LIFE INSURANCE

OYELEKE; OYEWALE and TESLIM

Life: BENEFITS N136,303.17

NEM

 

 FIRST & FOREMOST INVESTMENT

General: MOTOR N8,876,632.90

GUNIEA INSURANCE

SAM OMOKARO

General: FIRE N2,311,278.16

STANDARD ALLIANCE LIFE INSURANCE

J. ABIDA and ADEMOKOYA

Life: BENEFITS N2,320,896.32

STANDARD ALLIANCE INSURANCE

UDOKA and BESTMAN

General : MOTOR N42,120,000.00

EMERALD INSURANCE BROKERS

EQUITY INSURANCE

General: NON REMITTANCE OF PREMIUM

N6,589,475.48

GUINEA & OASIS

 

STANDWELL INTERNATIONAL CO LTD

General :MARINE N803,56.67

AIICO

 

ADWUNMI and ADEPOJU

Life: BENEFITS N690,000.00

GUINEA & STERLING/CHROME INSURANCE BROKERS

CONSOLIDATED HALLMARK

General: FIRE N10,047,873.00

AIICO

 

NICHODEMUS U. and ALI

Life: BENEFIT N24,835.00

STANDARD ALLIANCE LIFE

UNIVERSITY OF IBADAN

Life: BENEFIT N2,320,896.32

STANDARD ALLIANCE LIFE

A-ASKEN & COMPANY

Life: BENEFITS N1,124,389.78

KAPEX INSURANCE BROKERS

CHIEF ABRAHAM and YEPWI

Life: BENEFITS N3,585,675.64

INDUSTRIAL AND GENERAL INSURANCE

FEDERAL MINISTRY OF EDUCATION & AGENCIES

GROUP LIFE N1,500,000.00

NICON

 

HANATU; MICHEAL and JANKARO

General: MOTOR N153,800.00

STERLING ASSURANCE

VILISCO

General: MOTOR N5,607,000.00

CORNERSTONE

 

INDUSTRAIL AND GENERAL INSURANCE

General: MOTOR N15,458,105.57

STANDARD ALLIANCE LIFE INSURANCE

NIGERIAN AIR FORCE

Life: BENEFITS N234,032.00

INDUSTRAIL AND GENERAL INSURANCE

LOW BOND and SOLICITORS

Life: BENEFITS N445,807.00/N373,995.00