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ATA announces war-risk insurance initiative; License application for risk retention group filed.
0 Comments | M2 Presswire, May, 2002
M2 PRESSWIRE-27 May 2002-ATA: ATA announces war-risk insurance initiative; License application for risk retention group filed (C)1994-2002 M2 COMMUNICATIONS LTD RDATE:05212002 Washington -- The Air Transport Association of America (ATA) announced that an important step has been taken in the initiative to make war-risk insurance available on affordable terms.
ATA has been working with Marsh Inc., the world's leading risk and insurance services firm, to create a risk retention group, know as Equitime, which would offer war-risk insurance to airlines to protect them against acts of terrorism. Marsh today filed an application with the Vermont Department of Banking, Insurance, Securities and Health Care Administration for a license to operate Equitime....
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