LVI to compensate Lao Airlines plane crash victims
A senior source from BIC told the Daily on Sunday by phone that Lao Airlines had chosen LVI as an insurer.
The ill-fated twin-engine plane, coded QV301, was brand-new when it was put into service in March this year. It was insured by LVI.
LVI leaders and staff came to the crash scene in Pakse to coordinate with local authorities to work with the airline, the re-insurer and the crash evaluation agency over compensation for damages and losses of lives.
The BIC source said, “Lao Airlines and local authorities are focusing on searching for the bodies of the victims, bringing the victims’ family members to the crash site and helping with the burials of the deceased.
“The plane will be certainly 100% compensated but compensating for the insurance claims by the third party and the killed passengers will be hard. There are different insurance terms and conditions for different passengers because it depends on the terms and conditions of insurance stated in the air tickets and the policies held by the passengers in their countries.”
What is more, this was a domestic flight but most of the passengers were foreigners, so LVI is finding it tough to settle the different insurance claims that are based on the different insurance policies in their countries.
The different compensation levels will be decided by the evaluation agency and lawyers.
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