Reining In Insurance Coverage

THE decision has finally been handed down: state-owned oil & gas company Pertamina has reduced PT Asuransi Jasindo's insurance coverage of its assets for the 2005-2006 period. From its original portion of 30 percent, now Jasindo is only being entrusted with 15 percent. PT Tugu Pratama Indonesia's portion has been increased to 85 percent.

Jasindo's Executive Director, Mustafa Ashari, was in London when this news reached him. Together w

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