DAMAGE
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Insurers No Longer Willing To Cover Drought-Related Damages On Calamity Purposes
Romanian insurance companies are no longer willing to cover drought-related damaged mainly due to the catastrophic nature of the phenomenon, the large affected areas, the high probability to take place and lack of irrigation systems. Under these circumstances,...
Vodafone Seeks EUR15M Damages From Telecom Market Watchdog ANCOM
Vodafone, the second largest mobile phone operator in Romania, has filed a preliminary complaint against the country’s telecom market regulator ANCOM.
Law On Setting Up Body Of Experts To Evaluate Car Damages Would Trigger Higher RCA Tariffs
The adopting of a draft law on setting up a body of technical experts for the evaluation of car damages might trigger the increase of the tarrifs for mandatory car insurance policies (RCA),...
Insurers Pay Millions For Property Damage Claims More Often
Romanian insurance companies ever more often pay millions of euro for damages caused by fires or natural disasters, having turned to this sector during the crisis, to offset the dropping sal...
Romanian Court Of Accounts: Shady Contracts Caused Big Losses For Posta Romana
Romania's Court of Accounts has found a series of problems responsible for losses in the activity of state-owned postal operator Posta Romana, including prejudicial contracts with Blue Air,...
Romania To Raise RCA Compensation Limits By Over 30% In 2012
The maximum limits on compensation for Romanian mandatory car insurance policies (RCA) will be raised on January 1 by 33.3%, to EUR1 million, for material damage from traffic accidents, and...
Insurers Pay Hundreds Of Thousands Of Euros In Damages To Car Accident Victims
The cases in which insurers pay damages of several hundred thousand euros to victims of car accidents are increasingly frequent as Romanians become aware of the fact that a simple auto liabi...
Romanian Insurer Generali Paid Record-Claim Of RON55.25M
Romanian insurer Generali Asigurari paid Niro Investment 55.25 million lei (EUR13.5 million) in March to cover the damage caused by a fire in the "Dragonul Rosu" commercial area, the highest...