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International Internet Magazine. Baltic States news & analytics Friday, 19.04.2024, 22:30

Maxima retailer litigating with Ergo insurer over insurance premium after store collapse

BC, Vilnius, 12.04.2017.Print version
Maxima Latvija, subsidiary of Maxima Grupe (Maxima Group) that operates of retail chains in the Baltics, Poland and Bulgaria, and Tineo, the owner of the shopping center that accommodated the collapsed Maxima store, seek to receive an insurance premium of 5.34 mln euros from Ergo Insurance company, reported LETA/BNS.

Maxima said it turned to a Vilnius court over Ergo's decision not to pay the premium after the store collapsed in Latvia in November of 2013.


"The companies decided to go to court after the insurance company decided to forgo its commitment and compensate damages after property of Maxima Latvija and Tineo was damaged in a tragic event in Riga in November of 2013 due to design and construction mistakes of third parties. The property was insured at Ergo Insurance in Lithuania," reads a press release.


According to the communique, Maxima Latvija notified Ergo Insurance about the incident back in 2013, filed an insurance claim, however, never received the premium.


Some 54 people, including three fire-and-rescue officers, were killed in the collapsed building in western Riga on the night of Nov. 21 of 2013, leaving dozens more injured.


Latvian prosecutors have listed 263 persons as victims of the Maxima collapse.





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