Palm Insurance Corp. Reacts to Media Executive’s Tirade

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General Manager of Palm Insurance Corporation, Prince Blaty.

— Threatens lawsuit

The management of Palm Insurance Corporation (PIC) has reacted sharply to a recent publication calling on the Central Bank of Liberia (CBL) to conduct an investigation on the institution’s alleged engagement in unprofessional and unethical practices against its clients.

In his letter of complaint filed to the CBL, the New Republic Newspaper claimed that the company allegedly failed to underwrite a liability for one of his vehicles that was involved in an accident in February.

The management, however, described the publication as “False and misleading” and that it is intended to tarnish the reputation of the company.

Based on that, PIC has also threatened a lawsuit against the media institution for allegedly spreading false allegations against them.

A release quoting the General Manager of the insurance company, Prince Blaty, says the institution takes serious exception to the report he describes as irresponsible, a malicious and unfounded allegation against Mr. Toweh indeed that is the minimum standard and conventional producer in modern day’s journalism.

The New Republic Publisher, Mr. Toweh.

The release wishes to further clarify that the issue involving Mr. Toweh and the company has to do with third-party motor insurance, which relationship he voluntarily entered for the extension of six months beginning January 6, 2021.

The company said, “And for the record, the financial obligations of all beneficiaries that are covered and insured under such a policy is seventy-five United States Dollars (US$75.00), which Mr. Toweh has failed to fully comply with the statement of his financial obligations of the amount stated above.

PIC further maintained that Journalist Toweh indeed failed to or owes PIC an amount of US$90.00, excluding ECOWAS Brown Card, Insurance Stiker, and Certificate for the type of vehicle covered (AV), from the previous registration period to the current respectively, that which automatically disquieted him as a debtor from being a beneficiary under said policy.

According to PIC, Mr. Toweh was inadvertently registered for the current period, even though he was quite aware of his outstanding arrears, PIC depicts insincerity in his party for which any-self respected and integrity-minded individual would have instead avoided.

When contacted, Mr. Toweh confirmed but argued that he has been denied the opportunity to register his vehicle, saying such policy is not part of the institution based on the documents received.

 He noted he was the one who informed PIC that he has some outstanding debts with them but failed to settle on grounds that anyone in Liberia can owe and therefore it is not a crime.

The New Republic Newspaper publisher further stressed that he is not moved or worried about court action against him by the company, noting that they are fighting a losing battle.

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