According to the Bureau of Compulsory Insurance, in 2013 16 800 insurance claims as a result of road accidents were recorded. These figures are 5.9 times higher than the data of the Chief State Traffic Police Department (2,846).
As Azerbaijan Insurers Association (AIA) told Turan, the reason stems from the fact that almost all insurance companies within the hull insurance pay compensation for each accident, and members of the Bureau also pay for the risks associated with health, damage to property and third party liability to third parties. The methodology of the insurers is more correct and the figures are more reliable, thy say in the AIA.
In addition, recent changes in the law "On insurance activity" allow participants in accidents with property damage of less than 1 000 manats (without harm to health) not to wait for the arrival of traffic police and the protocol of its employees. Such incidents in the past year were 58% (approximately 10,780) of the total number of accidents. - 17D-
Economics
-
Russia has reduced its greenhouse gas emissions by more than twofold from the 1990 baseline, Russian Prime Minister Mikhail Mishustin announced at the COP29 climate summit.
-
Georgian Prime Minister Irakli Kobakhidze announced that Georgia will present its updated Nationally Determined Contribution (NDC 3.0) by 2025, signaling the country’s renewed climate ambitions during his speech at the COP29 summit in Baku on Wednesday.
-
Croatian Prime Minister Andrej Plenković announced enhanced efforts by Croatia to protect the Adriatic Sea and advance renewable energy projects during his address at the COP29 summit in Baku on Wednesday.
-
Italian Prime Minister Giorgia Meloni on Wednesday called for collective action to limit global warming to 1.5 degrees Celsius during her address at the COP29 summit in Baku, emphasizing the need for a united response to the climate crisis.
Leave a review