How airline accident claims are handledBoeing 737 Max (PHOTO: Courtesy)Whenever there are fatal airline crashes, insurers and the airlines concerned tend to approach dependents of the deceased.This, to avoid battling claim cases in different countries with different jurisdictions. Sometimes the airlines set the maximum claims per person especially if the airlines can demonstrate there was no negligence on their part. Aircraft owners or companies that service their planes often face huge claims if they are adjudged to be in fault. Insurers typically form a consortium to share the risks of large claims, with the lead insurer taking a larger proportion of the risk. SEE ALSO :Ethiopia flight 'had unstable vertical speed' - Flightradar24Willis Towers Watson was the insurance broker for Ethiopian Airlines, while Chubb was the lead insurer, a Willis spokeswoman said on Monday.

Source: Standard Digital March 18, 2019 12:00 UTC