Insurance market shrank by 6.5% in first 5 months
At the end of May 2010 the general insurance account 6.9 percent decline in premiums, according to figures by the FSC Chairman Stoyan Mavrodiev insurance market in Bulgaria has continued to shrink as the first five months of the year decrease in revenue bonds sold reached 6.5%. This official figures showed on the Financial Supervision Commission for recorded [...]
Under 77% of cars in the country have civil liability insurance
Bad drivers with more expensive insurance drivers that often cause accidents will pay more expensive liability insurance. For careful hand price will be lower. This will be done after work the electronic system between insurance companies and Guarantee Fund. It is expected to leave in early 2011 then for 2-3 years, handing the data [...]
More stringent penalties for drivers - offenders
Law changes will be ready by the end of September, and now needs to increase fines for speeding, alcohol use and disability Higher penalties for drivers to provide proposals for amending the Law on road traffic - it was announced today a meeting of the National Advisory Committee on public issues [...]
You pay 30 grand if you get caught drunk behind the wheel
Not enough cells to meet European standards Anyone caught driving after being approached several cups can be divided by your car or take out of his pocket to 30 000 leva. This solution to the dangerous drunk drivers offered Deputy Prosecutor Valeri Parvanov. He stood behind the idea [...]
If insurers reported their results correctly, the drop will be larger
Despite crisis, companies are unlikely to lift prices of insurance predicts Stoyan Prodanov of Bul Ins transfer the tax burden on customers will affect their sensitivity, so insurers are likely to share with customers 2 percent tax on premiums. In a fierce competition and fight for every client companies would have to accumulate internal [...]
Insurers likely will share the tax burden by 2 percent on premiums
In this situation, the reasons for joy will be less, predicted Stoyan Prodanov, CEO of Bul Ins Mr. Prodanov, two days before the Council of Ministers adopted the proposal from the Treasury to tax by 2% insurance premium tax. Indirect tax will affect the end user, but according to some experts, this burden will be minimal - for example Autocasco [...]
