Fees On RCA Policies Fail To Cover Insurers’ Costs – Romanian Insurance Commission
13:24, 12 Nov. 2008
Damage claims on the segment of compulsory civil liability car insurance RCA are higher than premiums, which indicates that RCA fees do not cover insurers’ obligations toward their clients, Constantin Buzoianu, vice-president of Romania’s Insurance Supervisory Commission (CSA), said Wednesday.