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Trader accuses insurance company of failing to pay claim

A trader has accused the CDH Insurance Company of deliberately delaying the processing and payment of claims she put in. Madam Sally A. Addison, trader and owner of a toyota pick-up, told the GNA that her vehicle was involved in an accident on November 3, 2009 at Anto on the …

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Ghana Reinsurance Company’s ratings fall to negative

A global ratings company, A. M. Best has revised the outlook for Ghana Reinsurance Company to negative. In a press release the company says Ghana Re’s outlook has been revised to negative from stable. It however affirmed the financial strength rating of B (Fair) and issuer credit rating of “bb+” …

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All NHIS claims to be reimbursed in 2011- Dr Kunbuor

Dr Benjamin Kunbuor, Minister of Health at the weekend gave the assurance that in 2011 claims of all service providers under the National Health Insurance Scheme (NHIS) would be reimbursed. He said the perceived discrimination against some service providers in the claims management of the NHIS would therefore be a …

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Addo, Osafo Maafo have no standing to sue – counsel

Mr Dua Adonteng, Counsel for Donewell Insurance Company Limited, together with eight other defendants, who were sued by some former directors of the company, has declared that the fourth and fifth plaintiffs have no locus standing to sue. The five former directors, in a case before the commercial Court, have …

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Government allocates GH¢9.3m for farmers pension scheme

Government would make available, an amount of GH¢9.3 million, to start a pension scheme for farmers and fishermen, as stated in the 2011 Budget. An amount of GH¢868,000 has also been set aside for the start of a housing scheme for farmers and fishermen. Mr Francis Kojo Arthur, Member of …

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Insurance companies in Ghana urged to improve claim settlement processes

Insurance Commissioner Mrs Nyamikeh Kyiamah, on Wednesday called on players in the insurance industry to improve on claims settlement processes to augment the corporate image of business entities in the sector. She said speedy and efficient claim settlements procedures were seen by customers and prospective clients as the best form …

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Star Assurance launches new logo

The National Insurance Commission (NLC) on Wednesday unveiled measures to ensure that insurance companies were adequately capitalised to meet the growing needs of the insurance market. The Commissioner of Insurance, Madam Nyamikeh Kyiamah, who made this known, said: “The financial health of insurers is crucial for the and development of …

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Colina Ghana pledges good services to clients

Colina Ghana, an insurance firm on Tuesday said it would leverage the global expertise and capital base of its parent company to deliver unparallel service to customers. The Colina Group, an Africa focused insurance and real estate firm, about a year ago acquired majority stake in Ghanaian company- Beacon Insurance, …

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NHIS recovers GH¢4.9m from 33 schemes

The National Health Insurance Authority (NHIA) has recovered GH¢4.9 million from 33 out of the 145 schemes across the coun­try following the forensic audit commis­sioned by the authority last year. The audit into the operations of the remain­ing 112 schemes is ongoing to help recover the money allegedly lost through …

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GH₵31m released for National Health Insurance in Eastern Region

The Government has released GH₵31,142,027.46 from January this year to date for the payment of National Health Insurance Scheme (NHIS) claims in the Eastern Region. Mr Windham Emil Afram, Eastern Regional Manager of the National Health Insurance Authority (NHIA), who disclosed this at a mid-year review meeting on the Scheme …

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