US EditionGenerali in Dispute with Medium-Sized Enterprises - Insurance Monitor
Summary by Herbert Frommes Versicherungsmonitor
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Exclusively J.M. Schmitt in Bad Neuenahr-Ahrweiler produces round packaging. The catastrophic flood in the summer of 2021 caused damage of 23 million euros. However, the insurer Generali paid only 8 million euros. Chairman Erwin Schmitt agreed to a sub-limit of 20 percent for elementary damages, the Generali argues. He denies this and sued the insurer. The family [...]
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