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The insurance companies are not grillrooms

18 March 2010 / 07:03:57  GRReporter
4174 reads

At the end Mr. Kehaioglou gave some examples for similar cases of withdrawal of the right for development of activity of insurance companies in other countries where the insurers were completely secured by the government. “The responsibility of the government is enormous because the insurance and banking industry are very sensitive – the people are putting in their money and lifetime savings, investing it for pension, they insure their lives, they insure their health. Nobody could get insured a second time with the same conditions he had done it the first time… In any case when there is a withdrawal of the right for development of activity or a problem in the insurance company all the mechanisms are enacted right away. The most recent example is with the insurance company AIG where the damages were at the amount of 260 million dollars, however the American government decided to solve the problem before it has even become one. Also the company Aspis in Sweden in the same day when it went bankruptcy the rights of the insured people were transferred to another insurance company. And nobody heard anything. They only received a letter of notification that from now on they will be serviced by another insurance company”.

Let us remind that in the Parliament has been introduced a bill according to which the people who are insured in the bankrupted Aspida Pronia will be able after a period of six years to receive 50% of their insurances. Their requests as we already wrote are to receive a hundred percent compensation for their insurances or to be transferred to other companies.

Tags: NewsCompanies Insurers pensions Aspida
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