EndSARS: Insurers Pay N11bn Claims To Cover Losses The Nigerian Insurers Association has said insurance companies have paid N11bn claims on losses suffered during the 2020 #EndSARS protest. The Chairman, NIA, Mr Ganiyu Musa, disclosed this at a press briefing in Lagos. “As at January, insurers have...

Insurance Firms To Pay N20bn #EndSARS Claims   Insurance companies will eventually pay about N20 billion in compensations for losses recorded during the October 2020 #EndSARS protest. Speaking with the News Agency of Nigeria (NAN) in Lagos on Wednesday, the Chairman of the Nigeria Insurance Association (NIA),...

Nigerian Insurers Settle N4bn #EndSARS Claims       The Nigerian Insurers Association has said insurance companies have so far paid N4bn claims from the estimated losses from #EndSARS protests in October last year. The Chairman, NIA, Mr Ganiyu Musa, disclosed this during a virtual press briefing in Lagos...

#EndSARS: 25 Insurance Companies To Pay N20.4bn Claims       Twenty-five insurance companies have recorded claims totalling N20.4bn from losses that emanated from the #EndSARS protests which occurred in the country in October, findings have revealed. Figures obtained from by our correspondent from the underwriters on Wednesday under...

NAICOM, NIA Clash Over Recapitalisation Of Insurance Firms       The National Insurance Commission, NAICOM, and the Nigerian Insurance Association, NIA, have disagreed over the appropriate recapitalisation model for insurance firms. While NAICOM has stipulated the general capital requirements for the different categories of the insurance business and...

Fourteen Insurers To Pay N9.7bn #EndSARS Riot Claims         A total of 1,036 individuals and corporates that recorded losses during the recent #EndSARS protests across the country have lodged claims through 14 insurance companies; 667 of the claimants are from Lagos. Fourteen insurance companies will pay about...