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Suarez: Probe insurance firms that lure clients through foreign partners 05/13/2012

Sunday, May 13, 2012

Suarez: Probe insurance firms that lure clients through foreign partners

05/13/2012
The House committee on trade and industry will conduct an inquiry into certain insurance companies that invest in the country using their foreign affiliates and agents.

“This practice of domestic insurance companies of soliciting clients through their foreign affiliates and agents must be severely penalized because it ruthlessly handicaps citizens jurisdictionally, financially and physically from pursuing their claims,” said House Minority Leader Quezon Rep. Danilo Suarez.

Suarez filed House Resolution 2290 urging the House committee to investigate the matter to prevent domestic insurance companies from engaging in this unfair practice..... MORE

SourceThe Daily Tribune

URL: http://www.tribuneonline.org/nation/20120513nat2.html

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