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"Grand" Insurance Company Will Pay Compensation To "Armavia" AirComp

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  • "Grand" Insurance Company Will Pay Compensation To "Armavia" AirComp

    "GRAND" INSURANCE COMPANY WILL PAY COMPENSATION TO "ARMAVIA" AIR COMPANY

    Panorama.am
    16:06 03/05/06

    "Grand" Insurance Company is ready to pay the compensation to air
    companies "Armavia" in accordance to the Insurance agreement clause
    on third party liability - the managing director of "Grand" Artak
    Antonyan said to Panorama reporter. In his words the air-craft A-320
    was insured also by CASCO (insurance of vehicles against total loss
    or partial damage, resulting from fire, theft, malicious acts of
    third parties, natural disasters, road accidents, etc).

    Presently the amount of the insurance indemnity is being
    defined. Antonyan reported that "Grand "reached preliminary agreement
    with re-insuring company about compensation payment.
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