A firm associated with Deputy President William Ruto is being investigated after receiving complaints that the insurance agency does not pay claims.
According to a Kenyan on Twitter, Africa Merchant Assurance Company (AMACO), the firm owned by DP Ruto doe not pay insurance claims.
If you get involved in a car accident and you realise the insurance cover for the other vehicle that hit you is AMACO INSURANCE, just forgive the offender or accept cash from him/her and get on your way.
— Lord Abraham Mutai (@ItsMutai) October 25, 2021
Surprisingly, the firm, where Dr. Ruto is a major shareholder is publicly refusing to pay claims even if the court orders them to do so.
They will need to the other guys insurance company…AMACO doesn't pay
— Lord Abraham Mutai (@ItsMutai) October 25, 2021
Claims against AMACO
Last year, Amaco Insurance denied claims it failed to pay a claimant Sh15 million.
Mama Rael Memorial Foundation had accused Amaco of breaching an insurance contract and hired Dollar Auctions to raid their offices at NextGen Mall along Mombasa Road in order to recover the money.
The foundation had sought court orders to attach the properties of Amaco for failing to deposit Sh2 million in an interest joint account and a Sh13 million guarantee.
And on February 20, appearing before High Court Judge Msagha Mbogholi, the firm’s lawyer Henry Kurauka said Amaco was yet to pay the said amount to the joint account between Mama Rael Memorial Foundation and the insurance firm.
