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Politics

AGRI TO IC: SCRAP CATASTROPHE INSURANCE RATE HIKE

AGRI Party-list Rep. Wilbert T. Lee urged the Insurance Commission (IC) to scrap the implementation of its IC Circular Letter No. 2022-34 which seeks to increase the minimum catastrophe (earthquake, typhoon and flood) insurance premium rates, especially because the country‚Äôs inflation hit a 14-year high of 8.7% this January. The hike was supposed to be […]