BIZ BUZZ: IC poised to crack whip on erring insurance firms
It looks like it’s the Insurance Commission’s (IC) turn to weed out or sanction bad actors within its sphere of influence. This development comes amid an ever-widening investigation into the extent of corruption in flood control projects.
Recent findings have revealed that even nonlife insurance companies are involved in the scandal. As the Senate hearings have uncovered, only a handful of closely related entities appear to be at the center of these irregularities.
The IC’s role in addressing these issues is crucial in restoring public trust and ensuring accountability within the insurance sector. Further updates on the investigation and any resulting actions from the IC are expected soon.
https://business.inquirer.net/550872/biz-buzz-ic-poised-to-crack-whip-on-erring-insurance-firms
