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Global Review: Latin America and Spain - Spain - 2004: Uninsured vehicles caused EUR113m damages.
(From Reinsurance)
Vehicles traveling on Spain's roads without their mandatory insurance in force caused a total of EUR113m losses, which were paid by Consorcio de Compensacion de Seguros (CCS - Insurance Compensation Fund), an agency that reports to the Ministry of Economy and is funded with taxes paid by all Spaniards, including a surcharge paid by every policyholder.
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