Accidents
Lufthansa Insurers Prepare to Cover Germanwings Costs
Lufthansa's insurers have set aside $300 million to cover anticipated costs for the Germanwings costs as French prosecutors prepare a criminal case.

Lufthansa’s insurers today set aside $300 million to cover anticipated costs associated with the crash of an Airbus A320 operated by its subsidiary Germanwings on March 24. A spokeswoman confirmed that the amount has been “provisionally reserved” to cover costs such as compensation and care for bereaved families, the insurance value of the aircraft, associated legal costs, the task of recovering and disposing of the aircraft remains, securing the accident site and the work of emergency services.