MOSCOW, June 2 (RAPSI) - Twenty foreign insurers have filed an appeal with the Supreme Court of Russia seeking review of a court ruling ordering the companies to pay Kapital Strakhovaniye about $16 million over the Superjet 100 aicraft crash in Indonesia in May 2012, RAPSI learned in the court on Thursday.
The Commercial Court of the Khanty-Mansi region in April 2015 granted a lawsuit filed bt Russia’s Kapital Strakhovaniye against foreign insurance companies. The Eighth Commercial Court of Appeals and the West-Siberian District Federal Commercial Court upheld the ruling in July 2015 and March 2016 respectively.
Twenty-four companies were initially defendants in the case. However, due to partial payment of the debt, the plaintiff withdrew claims against some of them.
Kapital Strakhovaniye initially claimed $32.4 million in damages from the companies that provided insurance for 48 people on board. The sum was reduced to $16 million after partial payments were made.
General Insurance Corporation of India, Assicurazioni Generali S.p.A., UK Branch, Swiss Re Europe S.A., Starr Insurance and Reinsurance Limited (London) are named among defendants in the case. The lawsuit was filed back in June 2013.
The Moscow Commercial Court also heard another plane crash related suit. Sukhoi Company demanded $29.5 million in insurance payouts for the SSJ-100 from Kapital Strakhovaniye. In September 2013, the parties signed an amicable agreement under which the underwriter committed to pay the plaintiff $14.1 million in addition to the previous payments. The insurance company claimed that the insurance agreement on the plane was 95% reinsured in the Western market.