It looks like it’s the Insurance Commission’s (IC) turn to weed out or sanction bad actors within its sphere of influence.

This development comes in the wake of an ever-widening investigation into the extent of corruption in flood control projects, which has revealed that even nonlife insurance companies are involved.

As Senate hearings have shown, only a handful of closely related entities are at the center of these irregularities, signaling a deeper issue that the IC must now address.
https://business.inquirer.net/550872/biz-buzz-ic-poised-to-crack-whip-on-erring-insurance-firms