A joint protest by transport sector organizations, customers and employees of DallBogg: Life and Health Insurance Company JSC is being held in front of the buildings of the National Assembly and the Council of Ministers in Sofia. Today marks the first sitting of the 52nd Parliament.
The protesters are demanding the resignation of the Financial Supervision Commission (FSC) and later plan to march to its headquarters. Their demands include the “immediate end of the ongoing repression against the company and the unlawful increase in the prices of Motor Third Party Liability insurance.” They stated that if no action is taken, additional protests will follow, and sectors affected by the increase in the cost of the mandatory insurance may also take to the streets.
The Bulgarian News Agency (BTA) recalls that, at the beginning of April, the Financial Supervision Commission prohibited DallBogg: Life and Health Insurance Company JSC from entering into new insurance or reinsurance contracts for all or specific classes of insurance, as well as from extending the duration of existing contracts or expanding their coverage. The FSC stated that the purpose of the prohibition was to protect the interests of insured persons and ensure the company’s solvency, and that the measure was imposed due to alleged violations of market conduct rules and the Insurance Code.
