PT ASTI Counter-sued www.suarakarya-online.com, 2005-01-01
PT Inti Cellulose Utama Indonesia (PT ICI) plans to counter-sue PT Asuransi Samsung Tugu Indonesia for violating the contract agreement the two companies made. The counter-sue was made due to some publications which stated that ICI committed a insurance claim fraud of Rp.65 billion.
Asuransi Binagriya Will Not Depend upon Captive Market www.e-syariah.com, 2003-12-10
Since the syariah division would have positive prospect for the future, the insurance company decided to establish a syariah division. So far, the Ministry of Finance has granted the insurance company a business permit to establish a syariah division. The syariah (Islam-law-based) division of PT Asuransi Binagriya Upakara projected to make a premium of Rp.4 billion in 2004 without depending on the captive market. Instead, it would focus on the property and vehicle insurance segment.