Liability Risk and Insurance
Liability on the ground scheme
Germany’s
Allianz Globus MAT has set up an airline third party liability-on-the-ground scheme in partnership with
Berkshire Hathaway group, the split being 45% to 55%. A charge of US$0.50 per passenger will give cover of up to US$250mn per event, a charge
of US$1.27 per passenger raises this to US$1bn per event with US$2bn limit per airline.