by AIP Online Bureau | Dec 30, 2024 | International News, Non-Life, Reinsurance
The aviation insurance industry could be looking at a claim for about $15-$20 million under the airline hull insurance policy, and total passenger liability claims of $120-$180 million due to the crash, according to Marcos Alvarez, managing director of global...
by AIP Online Bureau | Dec 30, 2024 | International News, Non-Life, Reinsurance, Risk Management
Investigators are examining bird strikes, whether any of the aircraft’s control systems were disabled, and the apparent rush by the pilots to attempt a landing soon after declaring an emergency as possible factors in the crash, fire and transportation officials have...
by AIP Online Bureau | Dec 29, 2024 | International News, Non-Life, Reinsurance, Risk Management
The ministry also confirmed the casualties in the deadliest air accident involving a South Korean airline in nearly three decades. Video shared by local media showed the twin-engine aircraft skidding down the runway with no apparent landing gear before slamming into a...
by AIP Online Bureau | Sep 23, 2024 | Eco/Invest/Demography, International News, Non-Life, Policy, Regulation, Reinsurance, Risk Management, Technology
Although batteries are a critical component in electric cars and can pose serious safety risks if not properly manufactured or managed, automakers have so far kept the identity of their battery suppliers confidential, not just in Korea but around the globe. A...
by AIP Online Bureau | Aug 15, 2024 | Articles, Climate, Environment, Renewable Energy, Eco/Invest/Demography, Non-Life, Reinsurance, Risk Management, Technology
Auto experts say EV battery fires burn differently than fires in internal combustion engines, often lasting longer and being harder to extinguish as they have a tendency to reignite South Korea is urging automakers operating in the country to disclose the manufacturer...
