by AIP Online Bureau | Jun 13, 2025 | Indian News, Non-Life, Reinsurance, Risk Management
London market sources said there can be a claim of Rs 700 crore( $81 million)for Hull Loss (Aircraft Damage) as the Boeing 787-8 aircraft has been declared a total loss. There will be a Passenger Liability claims of around Rs 320 crore as under the Montreal...
by AIP Online Bureau | Jun 12, 2025 | Indian News, Non-Life, Reinsurance
Air India had renewed its mega $20 billion insurance policy with multinational re/insurer AIG as the lead reinsurer since Apr 1. The primary insurers for the Air India policy are- Tata Aig General Insurance( lead insurer), ICICI Lombard General Insurance, New India...
by AIP Online Bureau | May 27, 2025 | International News, Non-Life, Reinsurance
The tentative agreement would allow require Boeing to contribute $444.5 million to a fund for families of victims killed in the crashes of Lion Air Flight 610 in October 2018 and Ethiopian Airlines Flight 302 in March 2019, according to the filing. Boeing also would...
by AIP Online Bureau | May 18, 2025 | Eco/Invest/Demography, International News, Risk Management
The agreement would forestall a June 23 trial the planemaker faces on a fraud charge it misled U.S. regulators about a crucial flight control system on the 737 MAX, its best-selling jet WASHINGTON: Families of some of the 346 people killed in two fatal Boeing 737 MAX...
by AIP Online Bureau | Apr 16, 2025 | Eco/Invest/Demography, International News, Risk Management, Technology
“You shouldn’t be scared to get on an airplane, but you should be concerned about the future of our air traffic control system,” said Samuel Engel, a senior vice president of ICF Inc. “We are behind on critical investments and we have an unsustainable funding strategy...
