February 18, 2009

Insurance sharks settling.

Posted in business risk tagged , , , , , , , , , , , , , , , at 9:05 pm by peter@riskfriends.net

Reef Shark surounded by fish
Image by psmithson via Flickr

This is just a brief update in reference to a previous article providing an overview of  settlements by Dutch insurance companies as a consequence of charging customers high and hidden costs.

More background information can be found here.

The score so far is:

  • Delta Lloyd 300 million euro
  • Nationale Nederlanden (ING subsidiary) 365 million euro
  • Fortis ASR 780 million euro

Active negotiations working towards settlements:

Potential disputes due to refusal to work with Verliespolis and Woekerpolis :

New developments will be incorporated in this overview.

Sources:

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