U.S. Extends Emergency Insurance for Airlines
With an expiration date of March 20 staring them in the face, the U.S. government is extending emergency insurance for airlines that was unveiled following the Sept. 11 attacks, according to Reuters.
The six-month coverage for airlines’ third-party war-risk liabilities, exceeding $50 million will be extended by two months.
The government plans to continue studying the adequacy for private insurance coverage.
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