The families of four of the victims killed in Monday’s bloody hostage crisis in Manila will receive compensation totaling up to HK$1,320,000 (US$170,000) for each victim. The sum comprises a HK$300,000 payout from the insurer of the Hong Kong organised tour they had been travelling on, a HK$20,000 gratuity from the Hong Kong government, as ...
Zurich Insurance says its loss of customer information was “unacceptable” The UK operation of Zurich Insurance has been fined £2.27m by the Financial Services Authority (FSA) for losing personal details of 46,000 customers. It is the highest fine levied on a single firm for data security failings. Margaret Cole, the FSA’s director of enforcement and financial crime, ...
Kuala Lumpur, 24 August 2010 — Chartis Malaysia Insurance Berhad, the property-casualty and general insurance provider, has announced the appointment of Matt Harris as Chief Executive Officer with effect from 3 August 2010. His appointment follows the promotion of former Chief Executive Officer, Rob Ryan, to Executive Vice President and Chief Administration Officer of Chartis ...
(via Business Times) From next year, the limit of bank deposits insured by Malaysia Deposit Insurance (PIDM) will be raised to RM250,000 per depositor per member bank from RM60,000 now. Prime Minister Datuk Seri Najib Razak also announced yesterday a plan to introduce an explicit insurance compensation scheme (ICS) for insurance and takaful policyholders. According to the Finance ...
ALLIANZ General Insurance Company (Malaysia) Bhd has introduced the enhanced Personal Accident plan Allianz Shield, which is designed to provide a more comprehensive coverage, it said in a statement. Allianz Shield is devised to cover among others, medical expenses that include dengue, malaria or Japanese Encephalitis, bungee jumping, amateur sports (except martial arts and boxing), natural ...