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Appellate court hands IRA reprieve in claims lawsuit
Mwambu Mabonga at the IRA's Upper Hill office on February 16, 2023. President Ruto has revoked his appointment as the chairman of the Insurance Regulatory Authority (IRA). PHOTO | DIANA NGILA | NMG
The Court of Appeal has suspended a High Court decision forcing the Insurance Regulatory Authority (IRA) to settle claims for policyholders on behalf of insurers that are unable to pay.
A bench of three judges ruled that the industry regulator had raised an arguable case as to whether it has failed in its functions by failing to rein in unscrupulous underwriters.
