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AIRCRAFT HULL LOSS
Air India crash report: Probe tracks engine switch movement; no immediate action for Boeing or GE AerospaceIndian investigators' preliminary report on the Air India crash in Ahmedabad, which claimed 260 lives, revealed that the plane engines' fue...
AAIB's preliminary report on Air India plane crash 'very soon': Civil Aviation Min NaiduCivil Aviation Minister K Rammohan Naidu announced that the AAIB's preliminary report on the fatal Air India crash in Ahmedabad last month ...
Air India crash risks fueling up to 30% jump in insurance premiumsAirline insurance costs in India are likely to increase significantly. This follows a major aviation accident. Experts predict premiums cou...
Air India crash could trigger $475 million in claims; insurance cover hiked weeks beforeWeeks before the Air India Boeing 787-8 Dreamliner crash near Ahmedabad, its insurance cover was increased to ₹850 crore. The total payout ...
IndiGo in for a crash course in surge in insurance costsIndiGo airlines is bracing for a potential surge in aviation insurance costs upon policy renewal, influenced by escalating geopolitical ris...
Air India crash may trigger over ₹1,000 crore in insurance claims, likely to be India’s biggestA recent Air India Boeing 787 Dreamliner crash near Ahmedabad, resulting in over 240 fatalities, is projected to trigger insurance claims e...
Over 1,100 Dreamliners criss-crossing skies; a flight path of connectivity & now a crashA tragic Air India plane crash in Ahmedabad marked the first fatal accident for the Boeing 787 Dreamliner. The aircraft, 11.5 years old, ha...
Air India plane crash: At $120 million+, insurance claim to be costliest for Indian aviationThe Air India crash in Ahmedabad is expected to result in India's costliest aviation insurance claim, with estimates exceeding $120 million...
Boeing 787-8 Dreamliner faces heat after Air India plane crash raises alarming safety red flagsAir India Flight 171 crash has placed Boeing’s 787-8 Dreamliner under fresh scrutiny. While investigations continue, past safety concerns a...
Taiwan air force loses another fighter, second crash in three monthsA Taiwanese Mirage 2000 fighter jet crashed into the sea off the island's southeast coast on Monday though the pilot was rescued alive, the...
Tamil Nadu floods: Insurers look at Rs 200 crore claims for 8 private jetsGeneral insurance companies are likely to receive claims worth around Rs 200 crore from the owners of eight corporate jets that have been p...
Airlines' insurance costs shoot up globally after a spate of accidentsWhile the cost of personal cover insurance is still under control, war and hull insurance costs have shot up.
Air India likely to pay 15% more premium to extend insurance coverAir India had paid $24 million last year and its contract with New India Assurance has a provision to roll over the cover.
Reinsurance company GIC Re may shell out Rs 35 crore for MH17 insuranceThis would be the 2nd Malaysia Airlines claim covered by GIC Re, which paid Rs 70 cr when an aircraft belonging to the carrier disappeared ...
- Only ICICI Lombard & New India consortium bid for Air India’s fleet cover
Air India insurance policy is a hull, spares and liability policy, which covers the aircraft value, passenger’s liabilities and suites in t...
- AI to get $20 mn towards Mangalore crash insurance claims
National carrier Air India is likely to get about $ 20 million (close to Rs 90 crore) this week towards the final installment of insurance ...
- Mangalore air crash unlikely to hit Reliance-led insurers
The Reliance General Insurance Company-led consortium, which insured Air India's fleet including the Boeing 737 aircraft that crashed Satur...