Disaster relief set to go live this year
Romania is set to launch a compulsory home insurance for natural disasters this year – which insiders hope will boost this market. But there are concerns over the business case and how to police the new scheme March 2010 - From the Print Edition
Romania’s much delayed proposal to introduce a ‘disaster relief’ in the shape of compulsory home insurance policy for earthquakes, floods and landslides, is set for a launch later this year - although it was first due to go live in 2006.
The Government decided to introduce the compulsory home insurance after talks with the World Bank, taking into account the country’s high frequency of floods and the threat of earthquakes.
“The Government did not have enough financial resources to rep... To continue reading this article you have to be registered
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