Quantcast
Article Index |Advertise | Mobile | RSS | Wireless | Newsletter | Archive | Corrections | Syndication | Contact us | About Us
SEARCH WEB INQUIRER Powered by: Google
Fri, Aug 22, 2008 02:48 AM Philippines      25°C to 33°C
   HOME       NEWS     SPORTS     SHOWBIZ AND STYLE     TECHNOLOGY     BUSINESS     OPINION      GLOBAL NATION    SERVICES
 
  Breaking News :    
Advertisement
Robinsons Land Corp.
John Lyall Charity

INQUIRER ALERT
Get the free INQUIRER newsletter
Enter your email address:

 
Inquirer Headlines / Metro Type Size: (+) (-)
You are here: Home > News > Inquirer Headlines > Metro

  ARTICLE SERVICES      
     Reprint this article     Print this article  
    Send as an e-mail     Send Feedback  
    Comment on this article on our Vox Populi blog  

  RELATED STORIES  





imns



Insurance workers protest GSIS proposal

By Marlon Ramos
Philippine Daily Inquirer
First Posted 04:16:00 07/25/2008

MANILA, Philippines – More than 3,000 agents and employees of insurance companies picketed Thursday the Land Transportation Office (LTO) in Quezon City to protest a plan giving the Government Service Insurance System (GSIS) control of the vehicle insurance system in the country.

The Bukluran ng mga Manggagawang Umaasa sa Industriya ng Seguro (BMIS) and Philippine Insurers and Reinsurers Association (Pira) called for the resignation of GSIS president Winston Garcia and LTO chief Alberto Suansing.

Malou Pilar, BMIS-Pasay chapter spokesperson, claimed Garcia’s plan would displace more than 60,000 workers and deprive more than one million Filipinos, who benefit from the CTPL insurance industry, of their livelihood.

Garcia claimed the government was losing some P2 billion a year from fake CTPL policies.

He also alleged a cartel of nine non-life insurance firms monopolized the CTPL business.

Wearing white T-shirts printed with the words “No to GSIS-DOTC Monopoly,” the protesters accused Garcia and Transportation Secretary Leandro Mendoza of collusion to monopolize the issuance of Compulsory Third Party Liability (CTPL) insurance policies to vehicle owners.

The mid-morning rally that ended at noon snarled traffic along East Avenue in Barangay Pinyahan.

But motorists affected by the slowdown blew their horns to show support for the protesters.

“Ganid talaga yang si Garcia,” a driver of a passenger jeepney shouted.

Protesters said the plan of the GSIS, a state-run pension fund, was unconstitutional as it would legalize the monopoly of the multi-billion CTPL insurance industry.

They appealed to President Macapagal-Arroyo to help resolve the issue and stop the GSIS from taking over the CTPL business.

“The President said during her last Sona (State of the Nation Address) that she wanted to provide jobs for poor Filipinos like us. But, in reality, her government is doing the opposite,” said Pilar.

She added: “The plan of GSIS to monopolize the issuance of CTPL will definitely kill poor workers like us. It’s an anti-people policy.”

The LTO requires a CTPL insurance policy before an owner can register his vehicle to ensure there are funds to cover damages resulting from the use of the vehicle.

Under the present system, motorists can choose from any non-life insurance company offering a CTPL policy.

Garcia said the GSIS-proposed system would ensure that motorists would not get bogus insurance policies.

Pira officials denied Garcia’s allegations, saying reforms implemented by insurance companies and the LTO made it impossible for anybody to falsify CTPL policies.



Copyright 2008 Philippine Daily Inquirer. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.

Factual errors? Contact the Philippine Daily Inquirer's day desk.
Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate.
Or write The Readers' Advocate:

c/o Philippine Daily Inquirer
Chino Roces Avenue corner Yague and Mascardo Streets,
Makati City, Metro Manila, Philippines
Or fax nos. +63 2 8974793 to 94


SHARE THIS ARTICLE:
Digg this story    Blink List    Blink Bits    add to my del.icio.us    Reddit   Yahoo MyWeb Yahoo MyWeb


RELATED STORIES:

OTHER STORIES:

COLUMNS:


  ^ Back to top

© Copyright 2001-2008 INQUIRER.net, An INQUIRER Company

The INQUIRER Network: HOME | NEWS | SPORTS | SHOWBIZ & STYLE | TECHNOLOGY | BUSINESS | OPINION | GLOBAL NATION | Site Map
Services: Advertise | Buy Content | Wireless | Newsletter | Low Graphics | Search / Archive | Article Index | Contact us
The INQUIRER Company: About the Inquirer | User Agreement | Link Policy | Privacy Policy

Advertisement
Divisoria
Mind and Body
BizLINQ Wedding Expo
Themes and Motifs