PTU demands zł. 227 million from Daewoo FSO

Insurance company, Polskie Towarzystwo Ubezpieczeniowe (PTU), is demanding zł. 227 million from Daewoo FSO. The company has filed a lawsuit against the car manufacturer with one of the courts in Warsaw. PTU, created on the basis of former Daewoo Towarzystwo Ubezpieczeń insurer, has accused Daewoo FSO of a lack of management supervision and of acting to the detriment of the insurance company. Most of the losses come from insurance policies worth zł. 120 million, sold with new vehicles. "At the request of Daewoo FSO authorities, the price of the insurance policies was settled without any risk assessment. This resulted in heavy losses," said Grażyna Brocka, chair of PTU's board of directors. (Rzeczpospolita, p. B7) J.K.