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Article: British government helps airlines fill insurance gap.
- Article from:
- Airline Industry Information
- Article date:
- September 25, 2001
CopyrightCOPYRIGHT 2001 Normans Media Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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AIRLINE INDUSTRY INFORMATION-(C)1997-2001 M2 COMMUNICATIONS LTD
The British government has made arrangements with the London insurance market to provide an indemnity for third party war and terrorism liabilities above the USD50m limit that is currently being offered to airlines by most insurers.
The indemnity will be provided from next Monday (1 October) and a commercial charge being made for the indemnity will be waived for the ...