Prestige Assurance assures full compensation for Dana crash victims

As the nation marks the first anniversary of the Dana air crash, the management of Prestige Assurance plc, the lead insurance underwriter to Dana Air, has assured that it would honour its claims obligations to all victims of the disaster.

“As responsible risk bearers, Prestige Assurance plc is committed to honouring its contract and therefore, reiterates its preparedness to settle all genuine claims arising from the unfortunate incident as certified by the solicitors appointed by the lead reinsurers (overseas) as provided by the Dana aviation policy terms and condition, the company has said.

The company in a statement said, “On behalf of other co-insurers, the company wishes to assure families of victims of the air disaster that the insurance companies will pay compensations to all beneficiaries once their documentation are certified genuine and okay for payment by the competent authority.”

It is therefore soliciting the cooperation and understanding of victims’ families to exercise restraint and settle their internal differences and come up with proper documentation to enable settlement of their claims without further delay.

According to the company over 101 deceased passengers’ families’ cheques/fund transfer certificates have been released to the solicitors for the initial liability payment of $30,000.00, while about 24 of them have been able to provide the required Letters of Administration and their cheques for the balance of $70,000.00 each as final payment.

The cheques the company stated has also been handed over to the firm of solicitors to enable them hand over same to appointed administrators of the deceased passengers’ estate, after finalisation of the legal processes involved.