IIC Euro-Policy paid the insurance indemnity of more than RUB 58 bln.

21 July 2014.

The fire occurred at the warehouse in Ochakovo, Moscow in November 2013. The event was considered as the insured one. LABB LLC, the independent expert organization, calculated the loss amount and the salvage materials cost. As a result, the amount of indemnification by the Insurer to the Beneficiary, CB Intercommerz Bank, under the Policy totaled RUB 58,3 bln.

The insured property was reinsured in the Western Market under the obligatory reinsurance contract for the amount of USD 50 bln per event. IIC Euro-Policy effected payment on their own account in order to quicken the adjusting process without waiting for the compensation by colleagues-reinsurers.

media centre

Business development agreement between LABB & IMT

LABB is pleased to inform that we have reached an agreement for business development with IMT company,Turkey 
Read more...

BUSINESS INTERRUPTION: INSURANCE AND ADJUSTMENT CHALLENGES

Tatiana Dragunova - BUSINESS INTERRUPTION: INSURANCE AND ADJUSTMENT CHALLENGES
November 2018 (English)
Read more...