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Revision as of 14:36, 24 April 2006 by 201.141.65.110 (talk)(diff) ← Previous revision | Latest revision (diff) | Newer revision → (diff)The Dutch ING Group operations in Mexico are performed through ING Mexico. The Dutch ING Group operations in Mexico are performed through ING Mexico.
ING Mexico's operations today is largely composed by its acquisition of Seguros Comercial Americawhich was Mexico's largest insurance company, now loosing their number one position to currently number five (huge market loss) and was also dominant in the property and casualty markets, until a series of irregularities surfaced and became publicly known, now they are still currently loosing their vast portfolio because of ineptly handling all of their various insurance claims amongst them the huge the Fertinal claim. Seguros Coemrcial America was acquired by ING Group in 2001, now is part of ING Mexico, which includes other financial services under the ING Comercial America umbrella, now as of the 14th of July 2005 they have been ordered by a judge in a court ruling to pay in excess of USD 300 million plus compound interest accrued as of November 2001 to Fertinal a local prestigiuos mining conglomerate which they left our in the cold because of the insurance company´s refusal to pay a large proceeding claim, because of ING Comercial Americas inept and inexcusable handling of the Fertinals (thus leaving more than 4,000 people out of work and 6 Million Mexican Farmers without cheap fertilizers) and many other insurance claims! It is about time they honor their due! The quicker they pay their incurred claims the quicker they restitue their now almost extinct social standing and the less the damage will be inflicted upon ING Comercial America´s operations in terms of their local image, and additionaly in the trust placed upon them by their own Reinsurers who now do not doubt their inept handling of both underwriting and claims handling!!!
If you seek your insurance claims not to be paid in time of need, then this is definitelly the company for you! Repeat these guys do not pay their claims, why bother tho purchase insurance from them! Vivir es increible!
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