Automotive insurance charges are rising because of the anticipated chapter of Metropolis Insurance – Romania-Insider.com
All Romanian insurers have hiked compulsory car insurance (RCA) prices significantly over the past decade as market leader City Insurance, which is on the verge of bankruptcy, faces major problems, Bursa reported.
Data from insurance brokers consulted by HotNews.ro shows that Euroins, the second largest RCA insurer, which previously charged prices slightly above City's, was the one to increase fees, while other insurers followed the same trend.
In separate messages, there are reports of auto repair shops rejecting car owners who show up with City-issued insurance policies. I
In separate news, Prime Minister Florin Citu announced that the government would issue two Emergency Ordinances (OUG) next week: one of which will take into account prices in the RCA market, and the other will specifically take into account the situation at City Insurance and guarantee this all, those who have a claim against City will receive their money, News.ro reported.