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Old 12th Oct 2002, 12:31
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Out Of Trim
 
Join Date: Dec 2000
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Thumbs down Insurance ruling threatens airlines

A huge rise in the cost of insurance cover for war and terrorism risks could result in the ruin of UK and other European airlines, aviation experts have warned.

From the end of October, the European Commission is to end an emergency scheme under which EU member states underwrite airlines' war-risk insurance. The move means European airlines will have to pay full commercial rates for the first time since the September 11 attacks.

The attacks last year exposed airlines' potential liability for losses on the ground, highlighting the possibility of claims from families and businesses for the loss of people and property.

see here http://news.bbc.co.uk/1/hi/uk/2322027.stm
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