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    7Jun, 2023
    Azerbaijan forecasts amount of insurance fees from sale of green cards to foreign drivers

    BAKU, Azerbaijan, May 2. Azerbaijan’s
    Compulsory Insurance Bureau forecasts up to 10 million manat ($5.82
    million) of insurance fees from the sale of green cards by
    Azerbaijani insurance companies for vehicles registered in Georgia
    and Kazakhstan, by the end of 2023, Executive Director at the
    bureau Rashad Ahmadov told reporters, Trend reports.

    According to Ahmadov, from January through April this year
    alone, insurance fees from the above activity amounted to 3.1
    million manat ($1.8 million).

    In 2022, the bureau made payments under the Green Card system in
    the amount of 910,421 manat ($535,540) in connection with traffic
    accidents that occurred abroad.

    The Green Card international vehicle liability insurance system
    has been operating since 1951. Its main goal is to settle claims of
    victims of road accidents committed with the participation of
    foreign motorists, in accordance with the national legislation of
    the country where the accident occurred.

    According to the agreement “On green card“, an insurance policy
    for motor third-party liability issued in any country participating
    in the agreement is valid in the territory of another country that
    is a member of this agreement.

    The national bureaus of the Green Card are part of a single
    organization – the Council of Insurance Bureau headquartered in
    Brussels, which operates under the auspices of the Working Group on
    Road Transport of the Inland Transport Committee of the United
    Nations Economic Commission for Europe.

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    28Nov, 2022
    The Eviction Crisis Continues as Federal Aid Dries Up

    With federal assistance programs drying up and rents continuing to rise in most U.S. cities, more households are facing eviction, reports Shannon Pettypiece for NBC News. “Eviction filings have been on the rise and were above their historical averages in half of the 1,059 counties tracked by Legal Services Corp., a federally-funded legal aid group, during either August or September.”

    Experts worry that the wave of evictions expected after pandemic relief ends is about to crest as inflation soars and the country faces an acute housing shortage. “Despite a relatively strong job market and historically low unemployment, nearly 7.8 million Americans said they were behind on their rent in October and 3 million felt they were likely to be evicted in the next two months, according to a census survey the same month.” 

    Rents nationwide went up by 9 percent in September, with some cities, such as Phoenix, experiencing rent hikes of as much as 24 percent year over year. “With the emergency rental assistance funds running low, the Biden administration is urging states and cities to use other sources of funding, including the remaining money from the Covid stimulus bill passed last year, to continue providing support to renters or to put other protection policies in place, said Gene Sperling, the White House’s coordinator for American Rescue Plan funds.”

    … Read the rest