American international institution Inc. is the lead insurer
of the TransAsia airways Corp. passenger plane that crashed close to Taiwan’s
Magong airport, consistent with Aon %, a broker that tracks the market for
aviation insurance.
The ATR-72 aircraft is valued at about $thirteen.2 million,
consistent with a document from Aon. The crash left 47 human beings lifeless
and injured eleven, in step with Taiwan’s Aviation protection Council.
Claims for airline insurers have multiplied after years wherein
the enterprise benefited from a lack of crashes. Allianz SE and Atrium
Underwriting organization Ltd. had been among insurers of the Malaysian Air
passenger jet that changed into shot down over eastern Ukraine.
The TransAsia twin-engine turboprop crashed in heavy rain on
its 2nd approach to the airport on the island of Penghu. Matt Gallagher, a
spokesman for ny-based AIG, declined to comment.
TransAsia said in a statement that it has “enough aviation
insurance, consumer-legal responsibility coverage and 0.33-birthday party
obligation insurance” to cowl its fleet. The crash received’t have an effect on
ordinary commercial enterprise operations, the airline stated.
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