Representatives from the transport sector, alongside 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 the insurer’s personnel, was held in front of the National Assembly and the Council of Ministers. The protesters voiced their demands for the FSC’s resignation, with plans to proceed to the commission’s headquarters afterward.
Key grievances include the “immediate end to ongoing repression against the company and the criminal increase in prices of mandatory motor third-party liability insurance.” They issued a warning that further protests would occur if their demands were not met, suggesting that other sectors impacted by rising compulsory insurance costs might also participate. The protest follows the FSC’s action in early April, when it prohibited DallBogg: Life and Health Insurance from entering into new insurance or reinsurance contracts, or extending existing ones, across all or specific classes. The FSC justified this measure by stating it aimed to safeguard policyholder interests and ensure the company’s solvency, citing violations of market conduct rules and breaches of the Insurance Code.
Topics: #transport #sector #insurance
