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Expert Companies Appointed By Reinsurers Of Armavia's Grand Insuranc

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  • Expert Companies Appointed By Reinsurers Of Armavia's Grand Insuranc

    EXPERT COMPANIES APPOINTED BY REINSURERS OF ARMAVIA'S GRAND INSURANCE COMPANY TO INVESTIGATE CAUSES OF A-320 CRASH

    Noyan Tapan
    May 05 2006

    YEREVAN, MAY 5, NOYAN TAPAN. The famous Aircliams expert organization
    and Beaumon&Son legal expert organization are investigating the causes
    of the Armenian airline Armavia's A-320 plane crash near the Russian
    city of Sochi on May 3. NT correspondent was informed about it from the
    Grand insurance company (Armenia) that insured Armavia. According to
    the company, the plane, its crew and passengers have been insured in
    order prescribed by the Armenian legislation by the Grand insurance
    company, which has reinsured the risks assumed by it with 14 large
    London reinsurance companies. The amount of compensations to be
    paid to relatives of the passengers killed in the crash will be
    determined based on the official conclusion to be made by Airclaims
    and Beaumont&Son, which have been appointed by these reinsurance
    companies. Grand reminds that under the Warsaw Convention of 1929,
    the amount of compensation for life insurance cases in international
    air transportation is limited to 20 thousand US dollars.
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