Insurance

Worried by incessant excuses given by insurance operators to deny shareholders their dividends, bonuses and other legal entitlements, some aggrieved shareholders have warned they would protest against undue spending that affects companies’ bottom line.

Staco Insurance Plc, one of the leading underwriting firms in Nigeria with a focus on General and Special Risks insurances, has settled claims worth over N1.345 billion in quarter three of 2012 operating year.

THE Nigerian Insurers Association (NIA) will hold the long awaited investiture ceremony of Mr Remi Olowude, five months after he emerged chairman of the association.

An expert in risk management, survey and loss prevention has warned that if the Nigerian government and its citizens fail to acknowledge the culture of risk management, poverty would always be the order of the day in the country.