Representatives from the transport sector, along with clients and employees of DallBogg: Life and Health Insurance, assembled in Sofia on Thursday to protest and demand the resignation of the Financial Supervision Commission (FSC). The joint demonstration, involving various industry organizations and staff from the insurer, was held in front of the National Assembly and the Council of Ministers. The protesters’ primary demands included the immediate cessation of what they termed “ongoing repression” against the company and a halt to the “criminal increase in prices of mandatory motor third-party liability insurance.” They indicated plans to proceed to the FSC headquarters following the initial gathering.
The protest comes as the 52nd Parliament begins its session on Thursday. The demonstrators warned that further actions would follow if their demands were not met, suggesting that other sectors impacted by rising compulsory insurance costs might also participate in future demonstrations. The focus on the transport sector is linked to actions taken by the FSC in early April.
At that time, the Commission issued a ban preventing DallBogg: Life and Health Insurance from entering into new insurance or reinsurance contracts, or from extending or expanding existing ones. The FSC justified this measure as necessary to safeguard policyholders’ interests and ensure the company’s solvency, citing violations of market conduct rules and breaches of the Insurance Code.
Topics: #transport #sector #insurance
Representatives from the transport sector, alongside employees and clients of DallBogg: Life and Health Insurance, held a joint demonstration in Sofia on Thursday. The protest aimed to demand the resi