Invesco defaults on Sh53m claims amid liquidity crisis

cash

Invesco Assurance Company, the firm offering covers to public service vehicles, is unable to settle claims on what has been attributed to a liquidity crisis.

The cash crisis at the insurer has been revealed in a court case where the firm had appealed seeking to challenge a decree ordering it to pay Sh53.28 million to 60 victims of road traffic accidents.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.