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Defense Ministry's $4.5 mln claim against insurer to be reconsidered

10:44 27/10/2011

MOSCOW, October 27 - RAPSI. A court has remanded for reconsideration on Thursday a $4.5 million Defense Ministry's lawsuit against VSK, formerly known as the Military Insurance Company, the Russian Legal Information Agency (RAPSI) reports from the courtroom.

Founded in 1992, VSK Insurance House is a major Russian insurance company. It offers over 100 types of insurance services, and operates over 840 divisions and offices across Russia.

The Moscow District Federal Commercial Court has held for the cassation appeal filed by the ministry and Rosgosstrakh insurance company and overruled the lower courts' adverse judgments in the case.

Rosgosstrakh is the third party in the case.

The ministry sued the insurer after it refused to pay insurance benefits to newly retired officers in 2009, the ministry told the court.

The ministry's lawyer said the ministry had to enter into insurance contract with Rosgosstrakh in order to meet its obligations to the retired officers.

The Moscow Commercial Court held against the ministry's suit on March 22 and the appeals court upheld the decision later.

VSK's representative told earlier that the ministry and the insurer entered into insurance contract for 2008, so the company committed to pay insurance benefits for the events occurred during that period. VSK also said it paid benefits to the officers retired in 2007.

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Defense Ministry's $4.5 mln claim against insurer to be reconsidered

10:44 27/10/2011 A court has remanded for reconsideration on Thursday a $4.5 million Defense Ministry's lawsuit against VSK, formerly known as the Military Insurance Company.
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