TAIPEI: Taiwan’s worst Covid-19 outbreak has left the island’s insurers bracing for more than US$1bil (RM4.4bil) in claims that the financial regulator is urging them to honour.
The head of the Financial Supervisory Commission (FSC), Huang Tien-mu, has ordered insurers to pay out on valid Covid-19-related insurance policies after they faced criticism from lawmakers for dismissing claims, cancelling policies and delaying payouts.
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