OREANDA-NEWS. September 16, 2011. Ingosstrakh within the terms set forth by legislation carries out payments to the tourists suffered from the suspension of the activities of Luzhniki Travel Company LLC. As per September 13, 2011 the payments in the amount exceeding 212 thousand rubles have been made in consideration for meeting the demands of 6 tourists for the travels trips canceled in August of that year due to the fact that tour operator has not fulfilled its obligations. Ingosstrakh compensated costs actually incurred by the suffered tourists.

The Company treats everyone who applied for insurance payment with great care and understanding. However, we note that some unsubstantiated applications to the courts only disorient citizens and delay time for obtaining insurance indemnity.

By the current moment the amount of victims' claims does not exceed the sum insured under the tour operator’s liability insurance contract (30 million rubles). Insurance company intends to produce the insurance payments in full of the claims made. So far, Ingosstrakh has registered 61 applications (including group tours) with respect to 142 suffered tourists, total amount of damage of which is 8,481,294.98 rubles. In the nearest future in addition to the paid claims it is planned to make payments in respect of 24 more tourists.

Insurance indemnity payments under the terms of insurance will be made with respect to each of the suffered tourists after the date of commencement of such tourists’ tour, since it is the moment, which determines the date of onset of obligations of Luzhniki Travel Company LLC to pay damages.

We will remind that Luzhniki Travel announced of the suspension of its obligations towards the tourists on this August, 9. The company's civil liability for failure to perform or improper performance of its obligations under the contract for tourist product sales is insured by Ingosstrakh Insurance Company for 30,000,000 rubles. According to the Law "On the Basis of Tourist Activities in the Russian Federation" and the Insurance Rules, the insurer pays indemnities to the tourists for failure to perform or improper performance of obligations under the contract for tourist product sales occurring within the term of the insurance contract.

Ingosstrakh will regularly inform the public on the progress of Luzhniki Travel Company LLC case settlement.

Ingosstrakh Insurance Company has been working on international and local markets since 1947. The company is a national leader by the total amount of insurance premium in voluntary insurance sector (other than life insurance).