The News Review:
- Pa. gov’s insurance nominee blocked
- Fla. trying to fix hurricane insurance
- Nigeria: Insurance in Nigeria is Now for Real – Dere Otubu
Pa. gov’s insurance nominee blocked
Forbes – Apr 2, 2008
(AP) – With health insurance a major partisan flash point in the state Capitol, Senate Republicans have refused to approve Gov. gov’s insurance nominee blocked – Forbes.
Fla. trying to fix hurricane insurance
Forbes – Apr 2, 2008
(AP) – A tightening global credit market is contributing to Florida’s insurance woes, prompting officials to look at reducing the amount of money in the state’s catastrophe fund, which pays hurricane claims when private insurers can’t. Right now, if a Category 3 hurricane were to strike a populated area — likely resulting in a minimum of $35 billion in damage — Floridians would be faced with a $1. 8 billion assessment each year for 30 years to pay claims that would exceed the money available in Florida’s Hurricane Catastrophe Fund. And it would result in Floridians with insurance on their homes, cars or businesses being hit with a surcharge of as much as 4. 8 percent on all of their premiums.
Nigeria: Insurance in Nigeria is Now for Real – Dere Otubu
AllAfrica.com – Apr 2, 2008
In this interview with Patience Saghana, Mr Otubu who is the pillar of Staco Insurance speaks on the factors driving expansion into the West African sub-region. Mr Dere Otubu, Chairman, Staco Insurance Plc GA_googleFillSlot(“AllAfrica_Story_Inset”); He speaks on local content policy of the federal government in the oil and gas industry and the need for implementation of sections of the Insurance Act 2003 concerning compulsory insurance of buildings and the proposed share offer by his company and more. ExcerptsMarket share?We have invested in a mortgage banking business. We have concluded plans to open new branches in Sierra Leone and Liberia.
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