Insurers face large claims after second Boeing 737 MAX crash [MSN Money]
Willis Towers Watson Public Limited Company - Ordinary Shares (WLTW)
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Source: MSN Money
Insurers face large claims after second Boeing 737 MAX crash © Jason Redmond/Reuters An Ethiopian Airlin passger jet bound for Nairobi crashed minut after take-off on Sunday, killing all 7 people on board, raising qutions about the safety of the Boeing 77 MAX 8, a new model that also crashed in Indonia in October. Load Error While the initial insurance paymts will be made by Ethiopian Airlin' insurers, they may look to recoup their money from Boeing's insurers if they can prove that the aircraft was faulty, the sourc said. Initial paymts to the passgers' famili are bound by the Warsaw and Montreal convtions, but those payouts could be much higher if famili pursue legal claims, particularly through U.S. courts, said Clive Garner, head of law firm Irwin Mitchell's travel litigation group in London. "If there were to be anything defective in terms of the plane or any of its componts, th it would be possible to bring a claim against the manufacturer as well as the airline," he added. Insu
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