A plane crash in South Korea last December left Park Guen-woo an orphan. The 22-year-old had barely found space to mourn his parents when he came across a torrent of online abuse, conspiracies and malicious jokes made about the victims.
Generali has refuted speculation it is curtailing its appetite for aviation insurance, the carrier has told Insurance Insider. In a statement to this publication, the Italian insurer said: “Generali Global Corporate & Commercial confirms its commitment to its strategy in the aviation sector.”
Fatal accidents involving airliners are thankfully rare events, so a trio of high-profile losses within a few weeks - including a collision over Washington, DC - naturally drew attention.
NH Investment & Securities noted on the 27th that Jeju Air's supply is shrinking following the aircraft accident and that the boarding rate fell last month, making this year’s poor performance inevitable.
As this publication reported shortly after the plane crashed on 29 December, the hull of the aircraft is insured for $41.5mn, which includes $5mn total loss only coverage. Insurance Insider revealed that Axa XL leads the cover with a 15% line on the Gallagher-placed all-risk reinsurance programme.
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Delta flight diverted back to LAX after smoke detected in galleyA Delta Air Lines flight was diverted back to Los Angeles, California, on Saturday night after smoke was detected in the galley on the way to Sydney, Australia.
American Airlines flight AA292 from New York to Delhi made a U-turn near Turkmenistan and diverted to Rome on Sunday.
Park Han-shin, who lost his brother in the Jeju Air crash, has been accused of being a "fake bereaved family member" A plane crash in South Korea last December left Park Geun-woo an orphan.
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