News & Events

CLIS facilitates P1 Million ACP claims

Cebuana Lhuillier Insurance Solutions (CLIS) awards one million worth of Alagang Cebuana Plus (ACP) fire insurance claims to more than 130 families in Navotas City. On August 26, the shanty homes in Barangay West and Pitong Gatang was under fire for four hours leaving at least 200 families homeless. The first batch of insurance pay-out was released on September 23 at Navotas City Hall. The event was attended by Navotas Mayor John Rey Tiangco, Navotas DSWD municipal officer Patria Agcaoili, CLIS general manager Jonathan Batangan, Cebuana Lhuillier area operations manager Macrina Espiritu, staff of Cebuana Lhuillier Pawnshop and CLIS. The second pay-out of insurance claims is scheduled on October 14, 2010. Arguably, this makes the largest fire claims pay-out made in the insurance industry in terms of number of claimants. ACP is underwritten by Malayan Insurance, the country’s no.1 non-life insurer for 40 years.