5 non-life insurers placed under conservatorship

ABS-CBN News

Posted at Mar 14 2018 01:13 AM | Updated as of Mar 14 2018 09:07 AM

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The Insurance Commission placed five non-life insurance companies in conservatorship for failing to meet the minimum net worth requirement. Regulators believe this will help the local industry be prepared to weather future challenges. - Business Nightly, ANC, March 13, 2018