Breaking: Senate passes bill to rename NAICOM

By Henry UmoruThe Senate has passed a bill for the renaming of the National Insurance Commission (NAICOM) as Insurance Regulatory Commission.According to the Senate, the change to the new name is imperative against the backdrop that the former name is confusing given the history and make-up of the Nigerian Insurance Industry.The bill seeks to provide protection for the Commission and its officers against adverse claims in respect of the execution of their powers.The Senate on Tuesday passed the