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Insurance companies may face large payouts in airline disaster

By Hu Yuanyuan | China Daily | Updated: 2014-03-12 07:27

Insurance companies may face large payouts in airline disaster

Claims for loss of airplane and passengers would be honored by Allianz-led syndicate

The loss of Malaysia Airlines Flight MH370 will likely mean big payouts from several insurance companies this year, analysts said on Tuesday.

Allianz confirmed on Monday that it was the main provider of insurance for the aircraft itself, as well as the liabilities attached to the passengers and cargo.

Insurance companies may face large payouts in airline disaster

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