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                    [Title] => Ex-Nicphil head blames board for downfall of insurance firm
                    [Summary] => The former president of Nicphil Insurance Inc. has blamed the downfall of one of the oldest insurance firms in the country to the questionable business decisions entered into by its existing board.


Emmanuel Ticzon, who served as president of Nicphil for 10 years and is currently the single biggest shareholder of Nicphil owning 37 percent, said the liquidity problems of the insurance firm could be traced to the board’s mismanagement and poor collection of premiums.


                    [DatePublished] => 2005-10-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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NICPHIL INSURANCE INC

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                    [Title] => Ex-Nicphil head blames board for downfall of insurance firm
                    [Summary] => The former president of Nicphil Insurance Inc. has blamed the downfall of one of the oldest insurance firms in the country to the questionable business decisions entered into by its existing board.


Emmanuel Ticzon, who served as president of Nicphil for 10 years and is currently the single biggest shareholder of Nicphil owning 37 percent, said the liquidity problems of the insurance firm could be traced to the board’s mismanagement and poor collection of premiums.


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Ex-Nicphil head blames board for downfall of insurance firm

By Zinnia B. Dela Peña | October 4, 2005 - 12:00am

The former president of Nicphil Insurance Inc. has blamed the downfall of one of the oldest insurance firms in the country to the questionable business decisions entered into by its existing board. Emmanuel Ticzon,...

Business