Insurance - updates

Rappler's latest stories on Insurance

ARTICLE FINDER

HMOs told not to discriminate against people living with HIV

Jul 17, 2019 - 6:25 PM

The Insurance Commission sets guidelines for health maintenance organizations on the assessment of risks of persons with HIV or perceived to have HIV

COA to Philhealth regional officials: Return P34-M illegal bonuses

Jul 16, 2019 - 7:58 PM

The Commission on Audit denies the petitions for review filed by Philhealth regional offices in Metro Manila and Soccsksargen

Duterte says he fired Jesus Aranas

Jul 06, 2019 - 8:47 AM

'I will deal with corruption. I’m dealing it until now,' says President Rodrigo Duterte before announcing in a speech in Leyte that he sacked the GSIS executive

President Rodrigo Roa Duterte chats with Education Secretary Leonor Briones and Government Service Insurance System (GSIS) President and General Manager Jesus Clint Aranas following the Memorandum of Agreement (MOA) signing betweeen the GSIS and Department of Education (DepEd) at the Malacañan Palace on April 16, 2018. SIMEON CELI JR./PRESIDENTIAL PHOTO

GSIS backpedals on planned sale of port property

Jul 04, 2019 - 5:30 PM

GSIS Chairman Rolando Macasaet says they revoked resolutions authorizing the sale of the 67-hectare property where ICTSI is operating


TIMELINE: GSIS, Enrique Razon's dispute over port property

Jul 04, 2019 - 4:15 PM

GSIS president Jesus Clint Aranas quits his post amid revived plans to sell the land where port tycoon Enrique Razon's ICTSI operates. Here is a timeline of events dating all the way back to the 1970s.

Angara wants Senate probe into Philhealth scam

Jul 03, 2019 - 12:56 PM

Senator Juan Edgardo Angara says the probe would help craft policies to 'prevent such fraud' and 'conduct a review of the fund utilization' of the government corporation

GSIS president Jesus Aranas resigns

Jul 02, 2019 - 4:39 PM

(UPDATED) 'I resign, secure in the knowledge that I have unwaveringly advanced the interest of GSIS and its members,' GSIS president Jesus Clint Aranas says in his letter to President Rodrigo Duterte

President Rodrigo Roa Duterte listens to the welcome remarks of Government Service Insurance System (GSIS) President and General Manager Atty. Jesus Clint Aranas during the 81st anniversary celebration of the GSIS at the Gymnasium of the GSIS Financial Center in Pasay City on June 19, 2018. Joining the President on stage are Philippine Amusement and Gaming Corporation (PAGCOR) President Alfredo Lim and Sec. Bong Go of the Office of the Special Assistant to the President. REY BANIQUET/PRESIDENTIAL PHOTO

Duque volunteers to be investigated by DOJ in ongoing PhilHealth probe

Jun 25, 2019 - 2:50 PM

Even though he was not being probed, the health secretary asks the DOJ to investigate him

WARNING ISSUED. Department of Health Secretary Francisco Duque asks the DOJ to include in tis investigation his family-owned property leased to PhilHealth in Dagupan City,  Pangasinan. Photo by Angie de Silva/Rappler

Your guide to starting your financial journey, from insurance to investment

Jun 21, 2019 - 1:09 PM

Learn how to achieve financial independence, whatever life stage you're in

FALSE: PhilHealth’s problems started during Hontiveros' term – Garin

Jun 20, 2019 - 1:34 PM

The former health secretary said they spotted fraudulent schemes way back in 2006. Hontiveros was not yet part of PhilHealth then

Ricardo Morales named PhilHealth president

Jun 20, 2019 - 1:02 PM

(UPDATED) From being appointed to the MWSS, retired army general Ricardo Morales has been tapped to head the embattled PhilHealth

Gov't to run after corrupt health providers, PhilHealth officials – Duque

Jun 12, 2019 - 10:58 PM

'Tama na ang hocus pocus...I will ensure that justice will be served to those who defraud the system,' says Health Secretary Francisco Duque III

WARNING ISSUED. Department of Health Secretary Francisco Duque hits fraudulent payments made over 'ghost' kidney treatments. Photo by Darren Langit/Rappler

Why doctor in Philhealth scandal is still detained despite warrantless arrest

Jun 12, 2019 - 10:42 AM

’It is unclear what the basis is,’ says law professor Ted Te who also called a court’s habeas corpus ruling ‘confusing’

IN DETENTION. Wellmed Dialysis Center owner Dr Bryan Sy will remain in detention despite a warrantless arrest. Photo by Lian Buan/Rappler

After reshuffle, PhilHealth COO Ruben Basa to take over as officer-in-charge – Duque

Jun 11, 2019 - 9:55 PM

Health Secretary Francisco Duque II assures the public PhilHealth's services would not be affected by the reshuffle and change in leadership

Dialysis center staff face fraud charges, but not Philhealth officials

Jun 11, 2019 - 7:50 PM

Complaints of estafa and falsification of documents are filed against 10 employees of the Wellmed Dialysis Center, including the two whistleblowers

PHILHEALTH SCANDAL. Dr Bryan Sy (center) of Wellmed Dialysis Center faces complaints of estafa and falsification of documents before the Department of Justice. Photo by Lian Buan/Rappler

Duterte asks doctor-businessman Jaime Cruz to be PhilHealth president

Jun 11, 2019 - 2:38 PM

Dr Jaime T. Cruz, CEO of the JTC Group of Companies, is yet to accept the President's offer

President Rodrigo Roa Duterte discusses matters with Philippine Health Insurance Corporation (PhilHealth) officials led by its acting president, Dr. Roy Ferrer, during a meeting at the Malacañan Palace on June 10, 2019. ROBINSON NIÑAL JR./PRESIDENTIAL PHOTO

Doctor tagged in Philhealth scandal arrested without warrant

Jun 11, 2019 - 11:46 AM

Dr Brian Sy, an owner of the dialysis center that allegedly charged Philhealth for the treatment of ghost patients, is arrested when he shows up at the NBI on a subpoena

WARRANTLESS ARREST. The National Bureau of Investigation arrests without a warrant one of the owners of the WellMed Dialysis Center tagged in the ghost claims Philhealth scandal. Photo by Angie de Silva

Duterte asks PhilHealth acting president, board members to resign

Jun 10, 2019 - 6:53 PM

(UPDATED) But President Rodrigo Duterte will still need to accept their resignation. Malacañang gives assurances PhilHealth services will not be hampered.

President Rodrigo Roa Duterte presides over the 36th Cabinet Meeting at the Malacañan Palace on April 1, 2019. TOTO LOZANO/PRESIDENTIAL PHOTO

Duterte eyes reshuffle at PhilHealth

Jun 08, 2019 - 9:46 AM

(UPDATED) The planned reshuffle stems from allegations that the government agency paid for the dialysis treatment of patients who were already dead or had completed their treatment

Duterte orders PhilHealth to run after employees in 'ghost' kidney treatments

Jun 07, 2019 - 4:18 PM

PhilHealth management must pursue criminal complaints against officials and employees involved in the alleged scam, says President Rodrigo Duterte

President Rodrigo Roa Duterte delivers his speech during the 2019 Eid'l Fitr Celebration at the Arcadia Active Lifestyle Center in Davao City on June 6, 2019. TOTO LOZANO/PRESIDENTIAL PHOTO

FWD Life’s Set Ka Na insurance available in more than 3,600 TrueMoney Centers in NCR

Mar 30, 2019 - 12:08 PM

FWD Set Ka Na offers 3 different basic life insurance protection plan packages to suit one's capabilities and needs

Trump administration escalates legal battle against Obamacare

Mar 26, 2019 - 5:51 PM

Democrats react with anger to the administration's latest move

'PENDING REPEAL.' An Obamacare logo is shown on a clinic in Miami, Florida on January 10, 2017. File photo by Rhona Wise/AFP

Why households, enterprises need micro-insurance

Feb 25, 2019 - 5:45 PM

The government and the private sector are hitting two birds in one stone in the promotion of micro-insurance: disaster-preparedness and financial inclusion

Students take part in a march for the environment and the climate organised by students, in Brussels, on February 21, 2019. (Photo by EMMANUEL DUNAND / AFP)

Duterte approves law overhauling SSS charter

Feb 15, 2019 - 9:26 PM

The law is meant to protect and increase the SSS fund, the source of pension for Filipinos

NEW LAW. Duterte signs a law meant to ensure the longterm viability of the SSS fund, which will supply Filipinos with their pension when they retire. Duterte file photo from Malacañang, SSS file photo by Jansen Romero/Rappler

At least $9 billion in insurance claims from California fires

Dec 13, 2018 - 8:23 PM

'The devastating wildfires of 2018 were the deadliest and costliest wildfire catastrophes in California's history," says California Insurance Commissioner Dave Jones.

Chris and Nancy Brown embrace while looking over the remains of their burned residence after the Camp fire tore through the region in Paradise, California on November 12, 2018. - Thousands of firefighters spent a fifth day digging battle lines to contain California's worst ever wildfire as the wind-whipped flames cleaved a merciless path through the state's northern hills, leaving death and devastation in their wake. The Camp Fire -- in the foothills of the Sierra Nevada mountains north of Sacramento -- has killed 29 people, matching the state's deadliest ever brush blaze 85 years ago. More than 200 people are still unaccounted for, according to officials. (Photo by Josh Edelson / AFP)

Supreme Court: Tax on non-life insurance still effective

Dec 05, 2018 - 8:25 AM

The Supreme Court reverses an earlier ruling of the Makati City Regional Trial Court

Supreme Court of the Philippines in PAdre Faura on June 19, 2018. Photo by LeAnne Jazul/Rappler

Another PhilHealth acting president accused of corruption

Nov 08, 2018 - 7:50 PM

Employees tell the Ombudsman PhilHealth acting president and CEO Roy Ferrer continued to be reimbursed by PhilHealth as a private doctor while receiving salaries and allowances as its board member

INVESTIGATION. PhilHealth Acting President Roy Ferrer faces a complaint filed by his own employees before the Ombudsman. Photo from PhilHealth

FWD Life Philippines launches new financial protection Set for Tomorrow

Sep 10, 2018 - 4:58 PM

Set for Tomorrow is financial protection for those you leave behind

Cyber insurance market to double by 2020, says reinsurance firm

Sep 10, 2018 - 12:32 PM

Companies may more than double their spending on cyber insurance from $3.4 to $4 billion in 2017 to $8 to $9 billion by 2020, according to Munich Re


BSP shuts down Batangas-based Tiaong Rural Bank

Aug 03, 2018 - 8:26 PM

Tiaong Rural Bank, Inc. is the 6th problmatic bank to be shut down this year

COA to PhilHealth: Return P164-M illegal perks

Aug 03, 2018 - 8:47 AM

The Commission on Audit reminds PhilHealth that its operating fund is mainly sourced from members' contributions which 'should be managed and protected with utmost integrity'

Duterte to certify as urgent universal healthcare coverage bill

Jul 10, 2018 - 10:27 AM

Supporters of the bill say the proposed measure would give Filipinos the 'full spectrum' of health services but its critics fear it would allow private facilities to dominate the health care system

President Rodrigo Roa Duterte presides over the 27th Cabinet Meeting at the Malacañan Palace on July 9, 2018. ROBINSON NIÑAL JR./PRESIDENTIAL PHOTO

The millennials' guide to choosing a financial advisor

Jul 09, 2018 - 6:24 PM

Chances are, you’ve already encountered one or more of these kinds of advisors

Employees hold nationwide vigil to protest PhilHealth mismanagement

Jun 08, 2018 - 3:21 PM

(UPDATED) From Luzon to Mindanao, employees unite to protest the grave abuses inside the Philippine Health Insurance Corporation. They send photos deliberately blurred to hide their identities.

SHOW OF FORCE. PhilHealth employees nationwide wear black shirts in protest of the mismanagement of the agency.

Congress pushes for climate-based crop insurance

Jun 04, 2018 - 6:11 PM

Senator Cynthia Villar, chair of the Senate agriculture committee, says she expects the climate-based crop insurance law to be approved within the year

VEGETABLE FROST. A Benguet agriculturist is seen monitoring the cause of 'andap' or vegetable frost, which comes with a continued drop in temperature. File photo by Mau Victa

House to investigate PhilHealth OIC's excessive travels, hotel stays

Jun 01, 2018 - 9:28 PM

Surigao Del Norte 2nd District Representative Johnny Pimentel says he will schedule a probe in August into the lavish lifestyle of PhilHealth interim president Celestina De la Serna

Photo by Angie de Silva/Rappler

Garin, Padilla face graft complaint over P10.6-B PhilHealth seniors' fund

May 29, 2018 - 6:10 PM

Former health secretary Janette Garin and ex-PhilHealth CEO Alex Padilla deny the accusation, saying there was no money lost or stolen when they used the fund to establish health centers nationwide

Contrary to OIC claim, PhilHealth rents housing for its officers

May 13, 2018 - 3:45 PM

Documents and photos contradict the claim of interim president Celestina Ma Jude de la Serna that PhilHealth 'doesn't have a service apartment' so she has to stay in hotels

Concerns over State Insurance Fund's sustainability after pension benefits hike

May 12, 2018 - 3:20 PM

Labor group Sentro raises questions on the sustainability of the State Insurance Fund after President Rodrigo Duterte signed an executive order raising pension benefits of disabled workers

PENSION BENEFITS. A labor group raises concerns over the newly signed executive order increasing pension benefits.

PhilHealth OIC seeks meeting with Duterte to defend trips

May 06, 2018 - 7:15 PM

'If somebody from Malacañang is watching, I am waiting for the President to call me or if I can set an appointment with him, at least hear my side,' says PhilHealth interim president Celestina Ma Jude de la Serna

PhilHealth OIC spends P627k for travels amid P9-B net loss in 2017

May 02, 2018 - 8:09 PM

State auditors ask PhilHealth interim president Celestina Ma. Jude de la Serna to explain the 'irregular' allowances she received, amounting to almost a million pesos in 2017

Photo from Philhealth website

GT Capital spending over P100 billion in 2018

Apr 01, 2018 - 10:00 PM

The listed holding firm of tycoon George Ty plans to go big this year with its banking unit's expansion plans

HUGE CAPEX. George Ty's GT Capital Holdings Incorporated is spending as much as P111.9 billion this 2018 alone. Photo by Alecs Ongcal/Rappler

Italian insurer Generali refocuses on lucrative PH market

Feb 21, 2018 - 6:25 PM

Having focused on niches such as employee benefits and BPOs since its partnership with BDO ended, Generali is now on expansion mode

SC suspends lawyer Eligio Mallari for delaying tactics

Feb 09, 2018 - 7:25 PM

Eligio Mallari is the lawyer who filed separate complaints against Overall Deputy Ombudsman Carandang and Chief Justice Sereno

SUSPENDED LAWYER Eligio Mallari (2nd from left) was among the lawyers who filed an impeachment complaint against Chief Justice Maria Lourdes Sereno. File photo by Bea Cupin/Rappler

Investing for your child and Paying it Forward

Jan 31, 2018 - 3:29 PM

The GradMaker app from Manulife gives parents the opportunity to invest in their child’s future and Pay It Forward to children in need

Shifting mindsets, Big Data, and mass personalization in the financial services industry

Jan 22, 2018 - 12:24 PM

How do financial institutions stay afloat – and sail on – in the face of rapid modernization? By listening closely to their clients, says Sun Life Financial’s Mylene Lopa

Storm caused 90 million euros in damage – Dutch insurers

Jan 19, 2018 - 5:36 PM

The Dutch Association of Insurers cautions it had not yet added in the cost of any havoc to businesses, government buildings and the agriculture sector

STORM. Builders fix the side wall of a house after it was blown away by windstorms in De Meern on January 18, 2018 during the second winter storm of the month. Photo by Robin van Lonkhuijsen/ANP/AFP

National Press Club wins anew in legal battle vs GSIS

Jan 08, 2018 - 8:16 PM

The Court of Appeals affirmed an order by the Regional Trial Court dismissing the estafa complaint filed by GSIS against former officers of the NPC in connection with the sale of a Vicente Manansala mural

U.S. drugstore chain CVS to buy medical insurer Aetna for $69B

Dec 04, 2017 - 9:02 AM

The merger between CVS and Aetna comes amid rising medical costs for many citizens and employers, including prescription medicines

PHARMA GIANT. In this file photo, a sign is posted on the exterior of a CVS store on June 15, 2015 in San Francisco, California. Justin Sullivan/Getty Images/AFP

COA holds SSS President Dooc liable for crashing office car

Nov 19, 2017 - 5:25 PM

Emmanuel Dooc is found negligent for dozing off behind the wheel of his government-issued car in 2015, when he still headed the Insurance Commission

GOVERNMENT CAR. The Commission on Audit makes SSS president accountable for crashing his government car.