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.