The Managing Director of Prestige Assurance Plc, Dr. Bala Swamy, on Friday said settlement of insurance claims of 148 victims of Dana Air disaster in June 2012 cost the company and other local insurers a whopping $66million.
This is 40 months after accident that threw Nigeria and the international community into mourning.
It would be recalled that over 153 passengers reportedly lost their lives following the crash of the Dana Air ill-fated airplane at Iju-Agege, a suburb of Lagos, during a return of routine commercial services from the Nnamdi Azikiwe International Airport, Abuja, in June 2012.
The development came on the heels of a separate payment of N2.89 billion claims to customers of Prestige Assurance Plc as at September 30, 2015.
Dr. Swamy who made the revelation while fielding questions from newsmen shortly after sounding the closing gong ceremony at the Capital Market in Lagos, said Prestige Assurance believed that its act of prompt payment of claims would help in building the confidence of the public Nigeria.
Describing the Dana Air crash as a national disaster, he stressed that the air accident claims reported in United States of America (U.S.A) were successfully handled by negotiation and compromising all claims with foreign reinsurer’s payment of $23million while Prestige Assurance and other local insurers whose names were not made public paid $10million.
Also, payment of insurance claims to 148 victims of the ill-fated Dana Air Brazilian manufactured airplane gulped $33million.
Prominent among the eminent Nigerian citizens that lost life in the Dana Air fatal accident include the late Prof. Val Onwuliri and the General Manager, Affairs, Nigerian National Petroleum Company (NNPC), Dr. Levi Ajuonuma amongst nation- ale of other countries.
He however, explained that out of 774 claims settled by the company, payment of fire claims topped list by 54 per cent.
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