5 hours agoBad news for drivers: Car insurance's up again, this is it.
Periskopi(9 years ago)
(9 years ago)Automobile insurance prices have been restored to growth. In the domestic market, the minimum fee currently stands at 16,000 thousand dollars, up from 11,000 in about a week. The fights on this market, which are frequent, in many cases have no economic issues, while companies have refused to explain. This change in the market [...]
Automobile insurance prices have been restored to growth. In the domestic market, the minimum fee currently stands at 16,000 thousand dollars, up from 11,000 in about a week.
The fights on this market, which are frequent, in many cases have no economic issues, while companies have refused to explain.
This change in the insurance market came after the Financial Supervisory Authority, as well as the Tax Directorate, signed a memorandum of co-operation.
That means the two institutions will conduct joint inspections regarding financial activity of security companies
According to the AMF press release, inspections will focus on spending on the part of companies, as well as on mandatory insurance officers in the transport sector.
During the time when the security officers suffered a drop in the price of 30 %, the phenomenon that was found on the market was that despite writing the normal primi, companies falsely applied the discount, raising questions about the move.
