With an expiration date of March 20 staring them in the face, the U.S. government is extending emergency insurance for airlines that was unveiled following the Sept. 11 attacks, according to Reuters.
The six-month coverage for airlines’ third-party war-risk liabilities, exceeding $50 million will be extended by two months.
The government plans to continue studying the adequacy for private insurance coverage.
Was this article valuable?
Here are more articles you may enjoy.
Comulate Loses Appeal for Injunction Against Applied Systems 
Acrisure to Cut 2,250 Employees, Citing Advances in Technology and AI 
Helicopter Crash in Georgia Kills Groom, Pilot, Hours After Huge Wedding Celebration 
AI Savings Misses ‘Should Be Making Executives Uncomfortable,’ Bain Says 
