Based on reviews, the ill-fated Pakistan Worldwide Airways plane that crashed final week in Karachi, killing 97 passengers and crew on board, was insured for $19.7 million as per airline paperwork.
The paperwork on PIA’s web site present that it was insured by the Nationwide Insurance coverage Firm Ltd. and Marsh was the insurance coverage dealer for PIA’s annual coverage. Based on the data accessible, the coverage is legitimate until 29th December of this yr.
Sources on the Insurance coverage trade have stated that the insurance coverage has been reinsured into the worldwide reinsurance markets.
One supply near the matter stated that the lead reinsurer on this case was AIG.
When approached for a touch upon this, AIG didn’t reply instantly.
What do you assume? Tell us within the feedback beneath.