6 hours agoSwitzerland: 107-year-old health insurance company bankrupts over 9,000 citizens
Periskopi(10 months ago)
(10 months ago)Klug health insurance company, headquartered in Zug, has declared bankruptcy and will interrupt its activities at the end of the year. The news was confirmed Tuesday by the company, which has a 107-year history and numbers about 9,300 secured members, writes Blick. According to the official announcement, Klug had submitted at the end of July [...]
According to the official announcement, Klug had submitted a request to the Federal Public Health Office for declaring bankruptcy and revocation of its license, which will take effect on January 1, 2026. On August 6th, the Federal Labour Court confirmed the verdict, paving the way for the company to enter its linked assets, reports the report. Albinfo. ch, Transmitt Periscope.
The company, which employs 19 people, said financial problems were caused mainly by a strong increase in the number of secured members, as well as “out of touch with financially important information”. As a result, the manager has left the operating management. /Periscope/
