STREET BUZZ: Unapproved accounts of Insurance companies raises dust

Insurance
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Thursday, October 11, 2012 14:23 PM

With A & G Insurance serving NAICOM's six (6) months suspension for complicated financial issues, one wonders when the day would come for NICON Insurance, IGI, Guinea and others who either do not have approved accounts by NAICOM or have obtained approval based on "regulatory preferential treatment"?
 
Street buzz has been able to gather information that the insurance industry has not enjoyed the needed advantage from good regulation largely because the helsman at NAICOM appears “constrained” to deal with the apparent issues leaving the industry to wonder ‘who will bail the cat’?

The full analysis of companies involved in this static reality is being worked on and should help the market to identify companies that are truly regulatory complaint.

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