CLAIM
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Uninsured Motorists Cause RON30M Worth Of Damage A Year
Street Victims Protection Fund (FPVS), an association of local insurers that compensates the victims of car accidents caused by unknown perpetrators or by uninsured motorists, settled 30.3 million lei (almost EUR7 million) claims last year, almost RON1 million...
AVAS Claims $8.7M From Musat & Asociatii In Noble Ventures Case
Romania’s privatization authority AAAS, former AVAS, has filed legal action against Musat & Asociatii claiming $8.7 million from the law firm, arguing the latter failed to meet all its oblig...
Major Insurers Settled EUR1B Claims In 2012
The members of the National Union of Insurance and Reinsurance Companies in Romania (UNSAR) settled 4.4 billion lei (EUR1 billion) in general insurance claims last year, up 7% on 2011.
PAID Pays First Total Damage Claim For Mandatory Type B Home Insurance Policy
Romanian joint insurance company PAID on September 30 paid the first total damage claim for a type B building insured through a mandatory policy, worth EUR9,000, for a house in Iasi county,...