Regulatory Body Moves Fast on Victim Compensation
The Chairman of the General Authority for Financial Supervision promptly directed the swift disbursement of compensations to the families of the victims of the Western Assiut road accident, which resulted in 13 deaths and injuries to over 34 others due to a collision between a passenger bus and a heavy transport vehicle. The compensation amount has been set at 100,000 Egyptian pounds for each fatality, and injury compensations are determined based on the disability percentage approved by the medical commission. The necessary documents should be completed, and the compensations paid out quickly. This initiative is in line with the implementation of the Unified Insurance Law No. 155 of 2024, aimed at providing urgent support to the families of those affected.
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