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Insurer Ingosstrakh reduces terrorism and riot coverage underwritten by Ukrainian subsidiary

March 19, 2014 - 6:42am

The political unrest in Ukraine has prompted Russia's Ingosstrakh Insurance Co. to reduce operations of its Ukrainian subsidiary INGO Ukraine Insurance Co., Alexander Grigoriev, president of the insurance group, said.

Mr. Grigoriev said "the Ukrainian company is no more insuring against risks of riots and terrorism, though we had this practice before," ITAR-TASS reported.

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