insurancepe news PEOPLE'S INSURANCE COMPANY OF CHINA TO COMPENSATE FOR THE MU5735 CRASH Topspot Insurance Broking Pvt. Ltd. insurance insurancepe pe news news The China Eastern Airline’s (CEA) aircraft Boeing 737-800 (Flight MU5735) travelling from Kunming to Guangzhou crashed on 21 March, 2022. The plane was carrying 123 passengers and nine crew members, and lost contact more than an hour into the flight and crashed over Wuzhou City. The cause of crash is under investigation. The plane was delivered in June 2015 and was 6.8 years old. Topspot Insurance Broking Pvt. Ltd. insurance insurancepe pe news news CEA has insurance for maximum civil liability for injuries to domestic passengers and also insured for the maximum international civil liability under the Warsaw Convention. It maintains hull all risk, hull war risk and aircraft legal liability insurance, including third-party liability insurance. Topspot Insurance Broking Pvt. Ltd. insurance insurancepe pe news news China's biggest non-life insurer People's Insurance Company of China (PICC) has confirmed that it leads the insurance coverage for the ill-fated aircraft. PICC has activated an emergency mechanism to handle claims related to the aircraft. Topspot Insurance Broking Pvt. Ltd. insurance insurancepe pe news news The Civil Aviation Administration of China purchases fleet insurance on behalf of all Chinese airlines from a syndicate led by PICC in a group insurance scheme. PICC reinsures its aircraft insurance business through Lloyd’s of London. Topspot Insurance Broking Pvt. Ltd. insurance insurancepe pe news news If you want to know more, please follow us on social media You may also reach out to us at: 040 2324 0077 or contact@insurancepe.com Topspot Insurance Broking Pvt. Ltd.
