Romania
Romania Title
Pool-ul de Asigurare împotriva Dezastrelor Naturale (PAID)
Romania Description
The Insurance Pool against Natural Disasters (PAID) Romania was established in November 2009 as an insurance and reinsurance company, formed by an association of insurance companies in order to provide Romanian homeowners with compulsory home insurance in accordance with the provisions of Law no. 260/2008. Under this law, PAID covers three specific risks within Romania: earthquake, flood, landslide.