A consortium of underwriters insured the Asiana Airlines Boeing 777 that crashed Saturday in San Francisco for $2.3 billion, with 10 Korean insurers sharing about 4 percent of the potential loss, says Korea's Financial Supervisory Service.
The Asia Insurance Review reports that in addition to the 10 Korean insurers, 30 foreign insurers share in the risk that covers $130 million for the hull and $3 million for crew liability. Coverage for facility damages and human casualties makes up $2.2 billion of the policy.
Flight 214 was carrying 291 passengers and 16 crew members including 61 U.S. citizens, says Asiana Airlines when the jet crashed Saturday as it landed at San Francisco International Airport. Two young women died and 182 were injured. Asiana says 48 people still remain hospitalized.
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