Connect with us

Africa

Crashed Ethiopian airline may gulp $60m insurance claims

Published

on

Losses from Boeing 737 Max 8 aircraft operated by Ethiopian Airlines have been speculated to be between 50 million dollars and 60 million dollars, Willis Towers Watson (WTW) said.

The Insurance firm said this on Tuesday.

The aircraft heading to Nairobi crashed on March 10, after take-off from Addis Ababa, killing all 159 passengers on board including two Nigerians.

WTW is an Irish-domiciled global multinational risk management insurance brokerage and advisory company.

The firm dates back to 1828 and is the third largest insurance broker in the world.

According to a Reuters report, the global insurance brokerage and risk management firm says it is the insurance broker for Ethiopian Airlines.

The Nigerian victims were identified as a popular Nigerian-born Canadian professor and writer, Pius Adesanmi, and Ambassador Abiodun Bashua, a former Joint Special Representative for the African Union-United Nations Hybrid Operation in Darfur, Sudan.

According to an insurer, major insurance covers for aircraft are the hull all risks, passenger and passenger baggage legal liability, third party legal liability, and crew personal accident.

The hull all risks indemnify against accidental loss or damage to the aircraft, excluding when the aircraft is on the ground, taxing or is moored.

NEWSVERGE, published by The Verge Communications is an online community of international news portal and social advocates dedicated to bringing you commentaries, features, news reports from a Nigerian-African perspective. A unique organization, founded in the spirit of Article 19 of the Universal Declaration of Human Rights, comprising of ordinary people with an overriding commitment to seeking the truth and publishing it without fear or favour. The Verge Communications is fully registered with the Corporate Affairs Commission of the Federal Republic of Nigeria as a corporate organization.

Comments
NIGERIA DECIDES

NIGERIA DECIDES

Shell Digital Plan RESPONSIVE600x750
Shell Digital Plan RESPONSIVE600x750
GTB
JoinOurWhatsAppChannel