Insurance news likely will not change due to MH370 aircraft piece discovery

MH370 malaysian airlines wing insurance news

The discovery of the piece of the missing aircraft is “unlikely to affect” the coverage situation for claims. Many have been waiting to hear the latest insurance news following the discovery of the piece of the missing Malaysia Airlines Flight 370, and what has been determined by the industry is that it is very unlikely that any of this finding will change the result of the claims. The negotiations over the insurance payments to many affected parties will likely not be altered. What this insurance news has shown is that…

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Airline liability insurance may be unlimited in Germanwings crash

mountain alps airline liability insurance plane crash

The subsidiary of Lufthansa could be facing claims in the multi-million dollar range, well above the usual cap. Germanwings, the subsidiary of Lufthansa that saw one of its jets fly into a mountain in the Alps, could be facing larger airline liability insurance claims than are typical in this type of scenario, according to some lawyers in the aviation industry. Whether or not a cap will remain in place will greatly depend on whether the airline is seen as negligent. According to prosecutors in the case, the young co-pilot from…

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Insurance companies may require Harrison Ford to stay on the ground

Harrison ford insurance companies

This could be the result of last week’s crash when the actor fell from the sky in his vintage airplane. The entertainment industry insurance companies may require Harrison Ford to remain grounded following the crash that the actor experienced when he experienced engine trouble in his vintage airplane, last week, and sent it into a crash landing on a golf course in Venice, California. Ford is still recovering from moderately serious injuries that he experienced from the crash landing. He was immediately hospitalized after the crash. At the time that…

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Airline insurance with 15 percent higher premiums renewed by Air India

airplane airline insurance

This is providing the company with a $26.75 million policy to protect itself against major tragedies. Air India has managed to be able to renew its airline insurance with a mere increase of 15 percent in the premiums that it pays in order to be able to cover its complete fleet of 132 total aircraft. This is notable when taking into consideration that this is an insurance market that has experienced a considerable hardening. The reason that airline insurance usually entails a notably higher rate upon renewal is that it…

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Tasteless insurance marketing ad uses MH17 crash to sell life policies

An Australian firm has now apologized for its advertising tactic after heavy criticisms. After receiving heavy criticism from Australians and people from other countries around the world, a life insurer has now apologized for having run an insurance marketing ad that described the tragedy of the MH17 crash as “a sign to consider life insurance”. That said, the company has blamed the actions of an overseas marketer for the creation of the advertisement. The Malaysian Airlines MH17 crash has been a terrible tragedy unto itself while also following quite closely…

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