CSA's Guarantee Fund To Cover Damages Of Up To EUR1B In Case Of Major Earthquake

11.27.2012 By Ioana Tudor

The guarantee fund of Romanian insurance market regulator CSA will pay damages capped at EUR1 billion in case of major natural disasters if the companies that issued property insurance policies lack the funds needed to cover losses, CSA told Mediafax Tuesday.

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Keywords:
EARTHQUAKE
, GUARANTEE FUND
, INSURANCE