ING Insurance
March 15th, 2008 at 12:40 pm (Uncategorized, Investments, Financing, Insurance)
Everybody know that insurance is a kind of risk management and a company that issues insurance policies is always aware of the risk factor. And people who buy the insurance try to limit the risk of possible definite, accidental, large or calculable loss. Thus, if something happens to the insured person, his or her insurance company provides coverage – a premium. And at the present day insurance is a thing that everyone has to have. That is why insurance companies flourish, grow and expand. Insurance business is almost like a gambling business: an insurer never loses, just like a casino. An insurance company would never sell the insurance to a person that will surely get into trouble and make the company pay off the coverage. And ING Insurance is one of the companies that always stick to the rule.
About the company. ING Insurance Company is a wholly owned subsidiary of ING Group that is a financial services company. ING Group was founded in 1991 and is headquartered in Amsterdam, Netherlands. ING Group is the tenth largest company in the whole world. ING Insurance Company serves individual, corporate and institutional customers in more than 40 countries of the world, such as Australia, Mexico, Belgium, France, Germany, Poland, Peru, Turkey, Canada, the USA and many other countries.
ING Insurance services and products. ING Insurance Company provides a diverse range of different insurance services and products. The company insures any risk that can be potentially quantified. ING Insurance Company offers life and annuity coverage, health coverage to cover the costs of medical treatments, dental insurance against dental costs, disability coverages: total permanent disability insurance, disability overhead insurance, worker’s compensation; property and casualty coverages: auto insurance, crime insurance, crop insurance, terrorism insurance; liability coverages, credit coverages and many other services.
ING Insurance Company controversies. Notwithstanding the fact that ING Insurance is one of the leading insurers in the world, there have been many complaints filed against the company. Several years ago, ING Insurance Company was accused of violating the rules of business practices, getting involved in the improper market timing in funds and many other related violations. National Association of Dealers forced the company to pay several million dollars in restitutions and fines. Besides, many clients of ING Insurance complain about the business practices of the company. People state that they suffer very often because of the mistakes of the system and oversights of the employees of ING Insurance Company.