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A DISPUTE WITH A CHINESE INSURER CAN BE CONSIDERED IN THE RUSSIAN FEDERATION

The plaintiff appealed to the court with the intention of collecting insurance compensation from the insurer. The buyer and the Chinese supplier signed a supply contract, according to which the latter undertook to conclude an insurance contract with the defendant. In the end, shortcomings were identified during the transfer ...

THE CONSTITUTIONAL COURT ALLOWED INSURERS TO PARTICIPATE IN BANKRUPTCY DISPUTES

The Constitutional Court of the Russian Federation considered the complaint of the insurance company on the recognition of unconstitutional certain provisions of the Bankruptcy Law and the Agro-Industrial Complex of the Russian Federation (Resolution No. 30-P of June 05, 2023). In support of his arguments, the applicant pointed ...

THE COURT DISTRIBUTED THE BURDEN OF PROOF UPON INCLUSION IN THE REGISTER OF INSURANCE

The creditor applied to the court with a request to include a claim from the arbitration manager's liability insurance contract in the insurer's register (case no. A40-243906/20). The claim was conditioned by the fact of recovery of losses from the arbitration manager in the framework of the creditor's own bankruptcy case, whose liability was insured, and ...

MARKET EXPERTS: INSURERS IN RUSSIA WILL NOTICEABLY DECREASE

The insurance market may significantly thin out in the next few years. This is evidenced by the data shared by market participants. According to experts, about a third of insurance companies may leave the market due to strict requirements from the authorities ...

FAS declares war on insurance slavery

The Federal Antimonopoly Service has prepared a document providing for the borrower's right to choose an insurance company when applying for a loan. What is more, the right to replace the insurer after signing the loan agreement without worsening the conditions of it is also secured. The innovation also provides for the obligation of banks to provide ...

A resident of Hungary jumped under a train in the hope of getting € 2.8-million insurance

In Hungary, a resident of the village of Nyirchaszari was convicted of an attempt to tamper with insurance. A 54-year-old Sandor Ch. has received two years of suspended sentence and will have to pay the costs of legal proceedings in the amount of € 5.5 thousand. At the same time, the man himself plans to appeal the decision of the central court ...

FREE-OF-CHARGE DENTAL INSURANCE MAY APPEAR IN RUSSIA

Russian Party of Pensioners for Social Justice announced an initiative to introduce free-of-charge dental insurance in Russia. First, it was proposed to introduce it for children, pensioners and other socially unprotected categories, and then extend it to other Russians. The relevant bill is currently being drafted. The key reason why the members of party ...

SERVICE OF BUSINESS INSURANCE AGAINST RISKS OF PANDEMIC MAY BE INTRODUCED IN RUSSIA

The insurers proposed to introduce a new insurance product - the client's property interests associated with the risk of losses from entrepreneurial activity when the conditions for its implementation change. In this case, the occurrence of a pandemic of a disease unknown to science may become ...

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