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.
Florida Approves 6.9% Average Cut in Workers’ Comp Rates But Roofers Are Worried 
NFIP Reauthorized With Passage of Funding Bill to End Government Shutdown 
Lloyd’s Probing Conduct of Ex-CEO Who Had Been Set to Join AIG 
Estimate to Rebuild Baltimore’s Key Bridge Doubles to $5 Billion 
