OREANDA-NEWS. April 27, 2011. Summing up the first quarter of 2011, Ingosstrakh OJSIC informs about the indebtedness of insurance companies, and also the payments upon request they make, claimed in the procedure of subrogation.

The largest insured, such as Rosgosstrakh, RESO-Garantia, VSK, ROSNO timely and regularly make payments under subrogation claims.

It was possible to establish partner relations and reach an agreement on regulation of mutual claims in accordance with laws about hull coverage and the Rules of Russian Association of Motor Insurance with „KIT Finance Insurance”, IC „RUSSIA” and MAX. IC „Megaruss-D” and MCTS started to make insurance payments more actively.

Nevertheless, there are a number of companies which make insurance payments with substantial violation of terms for the reasons not set forth by the legislation, or which make payments incomparable with the existing indebtedness. These facts testify not only to incorrect behavior of these insured on the insurance market, but also raises the questions of financial stability of the companies which wish to minimize their payments in this way. These companies include Rosstrakh, RST, „Yugoria, Group „Renaissance Insurance”, NSG.

Among especially notorious debtors are ICs INNOGARANT and „Garmed”. These insured have not made any voluntary insurance payment under subrogation since January, 2011. Moreover, despite the decision of the Commission of Russian Association of Motor Insurance about suspension of execution of requests for insurance policy forms, made on the basis of Ingosstrakh’s OJSIC complaints about the insured’s incompliance with the Rules of Russian Association of Motor Insurance, and also despite suspension of the license of IC INNOGARANT on insurance activity, the said debtors do not repay the indebtedness, thus ignoring the legal regulations.

Due to considerable indebtedness, and also debtors’ evasion from voluntary payment of the stated subrogation claims, Ingosstrakh OJSIC intends to take all the necessary measures within the framework of the existing legislation to protect the company interests. For these purposes the statement of claims will continue, as well as informing of the relevant and professional insurers’ associations about violation of laws and the Rules of Russian Association of Motor Insurance in the part of non-compliance with the term of insurance payments.