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26 March 2017

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LaMia stripped of $300mn liability limit ahead of fatal crash

Matthew Neill and Adam McNestrie 14 March 2017

Bolivian charter airline LaMia was left significantly underinsured after its in-force liability coverage was cancelled just months before a fatal crash that killed 71 people in November last year, The Insurance Insider can reveal.

It is understood LaMia previously purchased $300mn of liability cover, but replaced it with a $25mn limit before the crash of Flight 2933 en route to Medellín, Colombia.

Senior aviation market sources said the reduced limit of $25mn - which will respond - was substantially lower...


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This article was published as part of issue March 2017/2

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