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AVIATION INSURANCE CLAIMS
Air India says 96% of Ahmedabad crash victims' families have received interim compensationAir India is nearing completion of compensation for AI171 crash victims. Most families have received interim aid, with final payouts underw...- Banks are cutting credit card perks quietly; Learn how to get more value from your walletMany banks have recently reduced credit card rewards, cashback limits, and perks, prompting cardholders to reassess their spending strategi...
- US Government Spirit Airlines Rescue Plan — 5 key points travellers must know after Spirit Airlines shutdownSpirit Airlines has shut down operations. This marks the first airline collapse linked to the Iran war, following a surge in jet fuel price...
- India maintained stable energy supplies amid crisis, shielded people from global price shocks: Hardeep Singh PuriIndia has successfully shielded consumers from global energy price shocks despite disruptions from the Strait of Hormuz closure. Union Mini...
- West Asia conflict: Insurers face airspace closure strainAviation insurers are experiencing operational strain due to ongoing conflict in West Asia. Widespread airspace closures and numerous fligh...
- Iran conflict: Airspace closures strain aviation insurersAviation insurers face operational strain as widespread airspace closures and flight cancellations across West Asia disrupt the region's ne...
- Baramati plane crash likely to result in ₹50 crore claim, insurers sayA fatal Learjet 45 crash near Pune, killing five, is expected to trigger insurance claims of approximately ₹50 crore. The aircraft, insured...
- 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 plane crash unsettling, but won't hit aviation sectorA recent Air India plane crash may cause insurance rates to increase for Indian airlines. The aviation industry in India was recovering wel...
- 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...
- 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...
- Insurance cos dread IPL cancellation, airlines & shipping lines premium hike amid an undeclared war scenarioTensions between India and Pakistan pose significant risks for insurers and reinsurers across various sectors, including sports, aviation, ...
- EgyptAir crash: General Insurance Corporation stares at claims of up to Rs 50 croreThe claim will relate mainly to passenger liability and damage to the airline. “We have a 5.5% share (of the total claim) in the Egyptian a...
- General Insurance Corporation stares at 75 crore claim for missing Malaysian flight75-crore claim from Malaysian Airlines, one of whose aircraft vanished between Malaysia and China last week with 239 passengers on board.
- Aviation insurance to emerge as growing segment in General Insurance sectorAviation insurance is likely to emerge as a key growth area in the coming years with new airlines starting ops and existing players expandi...
- General insurers' premium income from marine hull, aviation policies sees muted growthGeneral insurers' premium income from marine hull and aviation policies grew less then 5% in fiscal 2011-12 due to a slowdown in expansion ...
- Only ICICI Lombard & New India consortium bid for Air India’s fleet coverAir India insurance policy is a hull, spares and liability policy, which covers the aircraft value, passenger’s liabilities and suites in t...
- Premium on mega risk policies falls by up to 20%Oil rigs and aviation companies' insurance cost may fall by a fifth, following the softening of rates at reinsurers due to easing risk perc...
- Air India gets fleet cover despite high claimsThe net cost of covering Air India's Rs 45,000 crore fleet as per ICICI Lombard's bid is around $30 million against $25 million in the prev...
- Air France crash: GIC Re to pay $6 mn in claimsGeneral Insurance Corporation of India (GIC Re) will have to shell out around $6 million (approximately Rs 28 crore) towards its share of t...
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