airline liability insurance Archives

Airline liability insurance may be unlimited in Germanwings crash

March 30, 2015March 28, 2015 Julie Campbell

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…

Airline insurance premiums could triple after crashes

July 30, 2014July 28, 2014 Julie Campbell

This year has been a catastrophe for global aviation, with numerous tragic disasters after a long span of calm. Since the start of 2014, there has been a tremendous number of tragedies when it comes to aircraft crashes, and it is now believed that the airline insurance industry will be considerably increasing its rates in order to reflect the changing trends. Aviation continues to be considered among the safest forms of transport, but this year has been a bad example of that. Airline insurance, which has not had a great…