By Sola Alabadan
The management of National Insurance Commission (NAICOM) has assured policyholders who were affected by the flood ravaging some parts of the country, that the insurance companies concerned will pay their claims promptly.
The commission also sympathised with victims of the recent flood disaster across the country, in a statement issued by the insurance regulator on Saturday.
The statement reads “NAICOM sympathises with victims of recent flood disaster across the country and want to assure all those insured against such misfortunes of the Commission’s commitment towards ensuring prompt settlement of their claims by insurance companies.”
The federal government recently confirmed that at least 500 persons had died in the last few weeks due to the devastating impact of the natural disaster.
Aside the 500 persons that were said to have died then as a result of the national disaster, the federal government had also revealed that 45,249 houses have been totally destroyed while 70,566 hectares of farmlands have been damaged.
The latest data was contained in the updated 2022 Flood Data released recently by the National Emergency Management Agency (NEMA), which also stated that about 1, 302, 589 persons had been rendered homeless as a result of the humanitarian crisis.
Meanwhile, the Nigeria Meteorological Agency has also warned that the flooding could continue until the end of November in some states in the south of the country, including Anambra, Delta, Rivers, Cross River and Bayelsa.
In consideration of the extent of damage done by this natural disaster already, NAICOM anticipated that the insurance companies would be required to pay claims to the affected policyholders.
