An Act to provide for marine insurance and to prohibit gambling on loss by maritime perils. This Act may be cited as the Marine Insurance Act.
Ruthless Nigerian pirate gangs have expanded their dastardly acts of piracy hundreds of miles beyond their home waters in the last three years. After Benin, pirates stepped up attacks further along
Three foreign sailors kidnapped from their British-operated cargo ship by pirates last month off the coast of Nigeria have been released, the vessel’s operator said on Monday. There has been
International Energy Insurance (IEI) Plc has reported a Loss After Tax of N4.7billion for the Financial year ended 2011. In its 2011 Audited Financial Results released by the Nigerian Stock
The International Chamber of Commerce (ICC) International Maritime Bureau (IMB) global piracy report has revealed that piracy is on the rise off the coasts of East and West Africa. Although
Forces of Somalia’s semi-autonomous Puntland region have raided a hijacked ship Sunday and safely rescued 22 hostages who had been held captive for nearly three years. The operation lasted nearly
The National Insurance Commission (NAICOM), through its Complaints Bureau, has facilitated the settlement of claims to insurance consumers by Insurance Companies to the tune of N1,220,645,790.09 in the first half
A new era dawns in the Nigerian Insurance industry on January 1, 2013 as the full implementation of the ‘No Premium, No Cover’ rule as stated in Section 50 (1)
Pirates off the coast of Nigeria have kidnapped six Russians and an Estonian during an attack on their ship, Bourbon, the French shipping company operating the vessel said on Wednesday.
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The African Insurance Organisation (AIO) has said that Nigeria accounts for a quarter of kidnap for ransom cases reported worldwide in the last one year. The Insurance Institute of Mauritius,
Meaning This means that proposers must have a legal interest in the person or thing to be insured. They can insure something only if its preservation would be beneficial to
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