Malaysia: Tragic downing of MH17 to incur payouts of US$150 mln-1 bln
Source: Asia Insurance Review | Aug 2014
Initial loss estimates for the tragic downing of MH17 over eastern Ukraine on 17 July have put the figures at between US$150 million to $1 billion. Hull loss is estimated to be at $97.3 million while a mandatory $150,000-175,000 per passenger under the Montreal Convention amounts to about $52 million in total.
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