MEASURES NECESSARY FOR MAKING INSURANCE PAYMENTS TO FAMILIES OF PLANE ACCIDENT VICTIMS UNDERTAKEN
Noyan Tapan
May 24 2006
YEREVAN, MAY 24, NOYAN TAPAN. The Grand insurance company
is undertaking the measures necessary for making payments to the
families of the victims of the May 3 plane accident as quickly as
possible. This was mentioned in the statement spread by the company
on May 23. In the statement the company proposes that on working
days the relatives of the victims visit the Yerevan office of Grand
in Tumanian 38 (telephone number +374 10 512824 or +374 93 400914).
On May 5, Grand had declared that the causes of the accident of A-320
plane of Armavia airline are investigated by the Airclaims expert
organization and Beaumont&Son juridical-expert organization.
They had also informed from the Grand insurance company that
the above-mentioned plane, the latter’s crew and passengers had
insured themselves by the Grand insurance company, which in its turn
transferred the risks assumed by it to 14 large reinsuring companies
working on London insurance market. The amount of compensation to be
given to the relatives of the accident victims will be determined on
the basis of Airclaims and Beaumont&Son.
Grand had explained that according to Warsaw Convention of 1929,
in the circumstance of international air transportations the amount
of life insurance cases is limited to 20 thousand USD.