Keith Woolford Posted August 11, 2016 Share Posted August 11, 2016 Former Head of Constitution Insurance under House Arrest in the Dominican Republic Venezuelan businessman Omar Farias Luces has been placed under house arrest in the D.R. for his part in a scam to defraud Dominicans of their savings. He was arrested as he was boarding a private plane heading for the U.S. http://www.prensa.com/mundo/Republica-Dominicana-domiciliaria-Seguros-Constitucion_0_4549045095.html This crook siphoned off the best part of the Constitution Insurance company here in Panama, rendering it inoperable. When operations were suspended by the Superintendency of Insurance last year a lot of folks here lost out on their coverage and/or claims. http://www.prensa.com/in_english/Panama-Seguros-Constitucion_21_4335526409.html Quote Link to comment Share on other sites More sharing options...
Hil Posted August 11, 2016 Share Posted August 11, 2016 It's been a year now since my policy went bad with them. I haven't gotten my refund yet and I was promised one. I bought it through a local broker and they give me the same run around every time I email them. The broker has NOT made an effort to contact the government angency that took over this company and get refunds for the customers. Another typical----you lost it here so what!!! Quote Link to comment Share on other sites More sharing options...
Keith Woolford Posted August 12, 2016 Author Share Posted August 12, 2016 To the best of my knowledge, no refunds of premiums were issued as a result of the liquidation of Seguros Constitution, ordered by the Superintendency of Insurance. Agents were instructed to advocate for clients who had unsettled claims against the insurer. The details of the liquidation are here. http://superseguros.gob.pa/index.php?lang=es#liquidación-seguros-constitución Quote Link to comment Share on other sites More sharing options...
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