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Insurance Covers Crashed Dana Plane, says Management
06/29/12
Insurance Covers Crashed Dana Plane, says Management
02:20:00 am, by lateef lawal, 413 words 
Categories: News, Nigerian News, World News, African News, African Issue, Tellers and Global Viewers
*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..... )
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)
Photo Above: Nigeria Minister of Aviation, Princess Stella Adaeze Oduah
Photo Above: An airborne Dana plane
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4 comments
May 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. 
To be in the save side dis dana airline should stop operation 
Nigeria masterweb I need to be alart of daily newses 
This 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!!! 
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