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Cimas to lose operating licence

Livingstone Marufu GOVERNMENT has given Cimas Medical Aid Society a seven-day ultimatum to honour all outstanding claims or lose its licence. Cimas has more than 30 000 members, and has allegedly been trying to direct them...

Legal Matters: Insurance companies are not the devil

Insurance as a business is largely divided into two broad categories: short-term and long-term. The first is technically called indemnity or property insurance, while the second is non-indemnity or life insurance. Short-term is so-called...

Stinging charge sheet for Fidelity bosses

Darlington Musarurwa and Africa Moyo STINGING allegations of breaches of exchange control regulations, fraud and financial impropriety have become the core of a possible charge sheet against Fidelity Life Assurance (FLA) directors – Mr Simon...

Errant insurance, pension firms in the firing line

THE commission of inquiry appointed by Government last year to look into the potential prejudice suffered by pensioners and policyholders through the conversion of values from the Zimbabwean dollar to the United States dollar...
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