OREANDA-NEWS. December 17, 2009. ngosstrakh IJSC reports that a number of insurance companies, including Spasskiye Vorota Insurance Group, 1SK, Russian Transport Insurance Company, Rosstrakh and Innogarant, have failed to pay off Ingosstrakh IJSC subrogation claims, refusing to pay with no legal justification, or making payments, inadequate to the current level of their debt. The total debt of the above insurance companies to Ingosstrakh IJSC is about RUB 85mln.

Spasskiye Vorota Insurance Group is the major debtor to Ingosstrakh IJSC on subrogation claims. As of today, the debt of the company is RUB 41 832 890, including past-due debt of RUB 32 924 137.

The debt of Russian Transport Insurance Company has reached RUB 13 792 453, that of Innogarant - RUB 12 403 076, Rosstrakh - RUB 10 023 967, 1SK - RUB 7 629 722.

Such practices of the abovementioned companies demonstrate not only their inappropriate manner of operation on the insurance market, but also make their financial sustainability and reliability questionable.       

Ingosstrakh IJSC officially states that it will take all required legal action to protect interests of the company, its customers and partners. With this objective in view, Ingosstrakh IJSC intends to continue filing charges against the above insurance companies for recovering its debt through legal proceedings, and also to inform relevant government agencies, public and professional insurance company unions about the violation by the debtors of the Compulsory Motor Insurance Law and  Rules of Professional Conduct.