« What is $620,000 worth?NDDC Projects in The Eyes of Senators »

Insurance Covers Crashed Dana Plane, says Management

06/29/12

Insurance Covers Crashed Dana Plane, says Management

*Nigeria: Insurance Covers Crashed Dana Plane, says Management

By Lateef Lawal

The Dana plane that crashed on June 3, this year has an insurance cover totaling $354.5 million, the management of the airline has disclosed. The spokesman of the airline, Mr Tony Usidamen said that the speculations making rounds that the company did not have requisite insurance or that it is not up-to-date on its insurance premium is untrue.

According to him, Dana Air has all required insurance coverage and was fully up-to-date with policy payments. He said Dana Air’s insurers were - Prestige Assurance Plc as Lead Underwriter, while the foreign one is Lloyds of London.

The said flight had two levels of insurance cover -that is- $4.5 million for the value of the plane(Hull) and $350 million for third party liabilities.

Usidamen further disclosed that the airline had made direct contact with 103 of the 112 families who lost loved ones in the accident and had also made contact with the 6 embassies managing communications with the families of those victims from other countries.

According to him, families and embassies had been sent letters of condolence and the insurance documentation necessary to facilitate compensation payments. ( Continues below..... )

Body of a victim being removed

Photo Above: Body of a victim being removed from the Dana plane crash site

He added that as of the close of business on Friday June 22nd, the company had received completed insurance forms for 23 of the victims, 2 of which were staff of the airline.

- NCAA guidelines require that, where possible, initial compensation payments be made within 30 days of the accident taking place.

- NCAA guidelines set the compensation level at $100,000 per victim.

On the identification and release of bodies to the families, he said Dana Air has continued to engage with the Lagos State Government and the Lagos State University Teaching Hospital to ensure that the process is expedited so that families can lay their loved ones to rest.

He said that as at Friday, June 22nd, 98% of DNA samples had been successfully collected and dispatched to a UK laboratory for testing while the remainder would be sent today.

To facilitate the completion of claims forms by the families the company has established toll free lines to a crisis management center to provide assistance.

He assured that the airline would continue to provide this service until all claims have been addressed and settled.

Lateef Lawal (NigerianAviationNews)

Nigeria Minister of Aviation, Princess Stella Adaeze Oduah

Photo Above: Nigeria Minister of Aviation, Princess Stella Adaeze Oduah

A Dana plane

Photo Above: An airborne Dana plane

Follow MasterwebNews on Twitter

NIGERIA MASTERWEB DAILY NEWS - Publish Yourself

Nigeria / Africa Masterweb Disclaimer

MASTERWEB HOME - NIGERIAN NEWSPAPERS - NIGERIA NEWS HEADLINES - WORLD NEWS HEADLINES

Map of Nigeria

4 comments

Comment from: serah yimi manasseh [Visitor]
serah  yimi manassehMay soul of those who lostd their lives rest in perfect peace Amen. I will also plead with the Minister of Aviation to ensure that necessary action is taken to avoide futher occurance of this accident by all Airplanes opporating in Nigeria.
06/29/12 @ 08:25
Comment from: Ntukidem kc [Visitor] Email
Ntukidem kcTo be in the save side dis dana airline should stop operation
06/29/12 @ 15:26
Comment from: Alhassan Ahmed [Visitor] Email
Alhassan AhmedNigeria masterweb I need to be alart of daily newses
06/30/12 @ 15:02
Comment from: ibrahim moshood lawal [Visitor] Email
ibrahim moshood lawalThis is terrible, painful and sad, indeed. RIP thier gentle souls. Dana Airline is blameworhty but this can only occur in a lawless environment where corruption prevails, where there is systemic failure, where regulatory agencies do a lot of shoddy and cover-ups. Allah would not change people unless they change thier negative attitudes to positive ones. May Allah forgive our sins and tresspasses and continue to guide us aright. Long life Nigeria!!!
07/03/12 @ 06:00

Leave a comment


Your email address will not be revealed on this site.

Your URL will be displayed.
(Line breaks become <br />)
(Name, email & website)
(Allow users to contact you through a message form (your email will not be revealed.)
This is a captcha-picture. It is used to prevent mass-access by robots.
Please enter the characters from the image above. (case insensitive)
LOG-IN

 Nigerian flag

[ MASTERWEB HOME ]

*Click To Read => How To Daily Keep Abreast of All Nigerian / World News Events

________________

NEWS LINKS

Nigerian Newspapers

Nigeria News Headlines

World News Headlines

Masterweb Reports

News Flash

Libya News Headlines Headlines

Follow MasterwebNews on Twitter

*HOW TO USE NIGERIA MASTERWEB DAILY NEWS BLOG:

(1). To Post Articles:- Click on "Log in" above on the top left hand side of this page, then click on "Register" to set up an account to enable you post articles. Enter required fields including Username, Password and Email Address. You will be required to validate your email. Your membership will be approved 2 to 24 hours after your validation. Thereafter, go to the blog, click on "Log in" and log in and click on "Write" to post articles. *Returning members - click on "Log in" and log in and click on "Write" to post articles. It takes beteween 24 to 72 hours for posted articles to be released by moderators. ( Please note that only news articles can be published here. Unconfirmed reports and controversial articles are not allowed and will not be approved. )

(2). If you do not include your full name in posted articles, they will not be approved and will not be published.

(3). To Read Posted Articles/Blogs:- Just click on any of the "Categories" or "Sub-Categories" below

 Masterweb flag and logo

Search

The requested Blog doesn't exist any more!

Random photo

XML Feeds

powered by b2evolution