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Keith Woolford

Former Head of Constitution Insurance under House Arrest in the Dominican Republic

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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

La empresa fue intervenida en Panamá el año pasado.

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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!!!

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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

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