Request Legal Help Now - Free


Seguros ING S.A. de C.V.

Baja California Sur, Mexico: (May-17-07) The Mexican company Grupo Fertinal S.A. and certain affiliates filed charges against Seguros ING S.A. de C.V., the Mexican insurance subsidiary of The Netherlands' ING Group, over a dispute concerning the amount to be paid for damages to Fertinal's mines caused by Hurricane Juliette in 2001. In an earlier settlement, Mexican courts had tied up $300 million, which is the policy limit of ING's funds and ordered the arrest of 10 Seguros Commercial employees, who were charged with withholding the funds. In a recent settlement reached in a federal appellate court in Mexico City, the court ordered a reduced payout of $94 million, plus interest. [INSURANCE JOURNAL: HURRICANE DAMAGE]

Legal Help

If you have a similar problem and would like to be contacted by a lawyer at no cost or obligation, please click the link below.
Published on May-18-07


Fields marked * are mandatory. Please read our comment guidelines before posting.


Note: Your name will be published with your comment.

*Email Address:

Your email will only be used if a response is needed.
*Your Comment:

Are you the defendant or a subject matter expert on this topic with an opposing viewpoint? We'd love to hear your comments here as well, or if you'd like to contact us for an interview please submit your details here.

Request Legal Help Now! - Free