Socialist MP Brace Blames FSA for Vehicles Insurance Fee Increase
Albanian Daily News
Published August 26, 2016

The Economy and Finances Committee chair, Erjon Brace reacted harshly on Friday over the vehicles insurance fee increase by the insurance companies. Through a long message in the social networks he blamed the Financial Supervisory Authority (FSA) for this fee sudden increase.

According to Brace the insurance policies price increase is a result of a law approved in 2011. He stressed the continuous request for this law’s amendment.

“This law should have been brought to the parliament by FSA since September 2015. Such thing never happened. I have my reasons to think that this entire affair is abusive and based on lobbying” said Brace.

He stressed that the current abusive system is turned down by the Bonus-Malus system, but this fact does not please the insurance companies. 





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