A SOLON has filed a resolution seeking to investigate an increase in insurance premium rates for catastrophes like earthquakes, floods, and typhoons that will take effect by Jan. 1, and asked the Insurance Commission) to suspend its approval of the hike.
EMERGENCY responders — including firefighters, police, military, and local government teams — at a site of a collapsed building in La Trinidad, Benguet following the magnitude 7 earthquake that struck northwestern Luzon on July 27. — BUREAU OF FIRE PROTECTION
A SOLON has filed a resolution seeking to investigate an increase in insurance premium rates for catastrophes like earthquakes, floods, and typhoons that will take effect by Jan. 1, and asked the Insurance Commission to suspend its approval of the hike.abrupt, unreasonable, and untimely increaseThis is going to be a domino effect.
Mr. Lee also said that the agriculture sector and efforts to achieve food security will be affected by the insurance rate increase.Even the Philippine Crop Insurance Corporation is affected and will also increase insurance premium. If agricultural workers will be placed at a disadvantage, then we may not achieve food security,
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