Following negative reaction from family members and local authorities, Lloyd’s reversed its decision to explore the site of the 1998 Swissair crash off Nova Scotia.
In a brief announcement Lloyd’s apologized for any distress caused “by its application for a licence to right of recovery in the crash area.”
The bulletin stressed that the measure was a precaution, which Lloyd’s had taken because Canadian authorities had decided to lift access restrictions leaving the scene of the crash unprotected against “speculators diving at the site and recovering items from the seabed.”
“The reputation of Lloyd’s has always been founded on its integrity. Consequently, Lloyd’s will not dive or explore the site, respecting the wishes of the families,” the announcement concluded.
Was this article valuable?
Here are more articles you may enjoy.
AIG’s Zaffino: Outcomes From AI Use Went From ‘Aspirational’ to ‘Beyond Expectations’ 
World’s Growing Civil Unrest Has an Insurance Sting 
Portugal Deadly Floods Force Evacuations, Collapse Main Highway 
Judge Awards Applied Systems Preliminary Injunction Against Comulate 
