In one of his columns, syndicated writer Mike Royko routinely used the line, “What do you expect me to do, give it to strangers?” whenever Chicago Mayor Richard J. Daley was challenged about awarding a lucrative municipal insurance contract to a close political friend instead of opening it to...
State-run Philippine Deposit Insurance Corp. (PDIC) is intensifying efforts to recover ₱107 billion remitted to the national treasury to rebuild its deposit reserve cushion even as executives maintain operational targets remain intact despite the reduced capital base. PDIC President and Chief...
State-run Philippine Deposit Insurance Corp. (PDIC) is seeking to increase insurance coverage for bank accounts that Filipinos rely on for daily living and long-term security—such as payroll and retirement accounts—to cushion depositors against losses during bank failures. The proposal is...
Suspended Insurance Commission (IC) Commissioner Reynaldo Regalado said he will cooperate with the proceedings over allegations of favoritism while maintaining that the industry regulator complied with its accreditation standards. “I respect the authority of the Ombudsman and will fully cooperate...
State-run pension fund Government Service Insurance System (GSIS) has refunded more than ₱9 billion in loan amortizations to over 500,000 members and pensioners in less than a month under the expanded Balik Ginhawa 2 program, just 24 days after its wider implementation. In a statement on Tuesday,...
State-run Government Service Insurance System (GSIS) has disbursed ₱27.29 billion in microloans to 463,608 active state workers through its expanded credit facility, offering civil servants an alternative to high-cost informal lenders. The total reflects loan issuances from Oct. 24, 2024, through...
Four out of five Filipinos feel anxious about their ability to pay for care as they grow older—a stress level significantly higher than that of their Asian peers, driven largely by the heavy expectation of caring for their families. According to the Asia Care Survey 2026 released in July,...
The Government Service Insurance System (GSIS) signed an agreement with Maxicare Healthcare Corp. to launch G-HEALTH, a program offering zero-interest financing for health and hospitalization insurance to government employees. In a statement, GSIS said the initiative allows public sector workers...
PhilFirst, one of the country’s oldest non-life insurance companies and a member of the Philippines First Insurance Group, has partnered with AI-enabled InsurTech platform ProTech to introduce next-generation integrated insurance solutions aimed at making insurance more accessible and convenient...
AIA Philippines and MediCard Philippines Inc. have launched an integrated insurance product aimed at easing the burden of surging medical costs for local households and small businesses. Dubbed Group Life + HMO, the offering combines health maintenance coverage with life insurance protection under...
State-run Government Service Insurance System (GSIS) has allocated ₱520.08 million in emergency funding to support 21,153 members and pensioners affected by public health and agricultural crises in La Union and Negros Occidental. Under the facility, GSIS said that eligible active workers and...
State-run pension fund Government Service Insurance System (GSIS) invested ₱441.26 million to acquire shares of Megawide Construction Corp. from company Chairman Edgar Saavedra’s Megacore Holdings Inc., increasing its stake to 9.5 percent. Based on data from the Philippine Stock Exchange (PSE),...
